Brooklyn FI LLC Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

Brooklyn FI LLC purchased a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 5,488 shares of the transportation company's stock, valued at approximately $321,000.

Other hedge funds have also recently made changes to their positions in the company. New Wave Wealth Advisors LLC bought a new stake in Delta Air Lines during the fourth quarter valued at $27,000. Hemington Wealth Management raised its holdings in shares of Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after acquiring an additional 154 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Delta Air Lines in the 4th quarter valued at about $29,000. Crews Bank & Trust bought a new stake in shares of Delta Air Lines during the 4th quarter valued at about $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Delta Air Lines by 414.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after purchasing an additional 431 shares in the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DAL shares. Bank of America lowered their target price on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Citigroup lowered their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Raymond James dropped their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 2nd. Wall Street Zen cut Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group restated a "hold" rating and set a $46.00 price target (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines currently has a consensus rating of "Moderate Buy" and an average target price of $62.08.

Delta Air Lines Trading Down 0.2%

Shares of NYSE:DAL traded down $0.11 on Friday, reaching $48.39. 9,187,098 shares of the company traded hands, compared to its average volume of 9,604,605. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The business's 50-day simple moving average is $44.38 and its 200 day simple moving average is $55.47. The stock has a market capitalization of $31.60 billion, a P/E ratio of 9.08, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $12.98 billion for the quarter, compared to the consensus estimate of $13.85 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. Delta Air Lines's revenue was down 5.6% compared to the same quarter last year. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 annualized dividend and a yield of 1.24%. Delta Air Lines's payout ratio is currently 10.64%.

Delta Air Lines Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.