Calamos Advisors LLC Raises Position in Delta Air Lines, Inc. (NYSE:DAL)

Calamos Advisors LLC lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 2.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 325,595 shares of the transportation company's stock after acquiring an additional 6,886 shares during the quarter. Calamos Advisors LLC's holdings in Delta Air Lines were worth $14,196,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its holdings in Delta Air Lines by 48.7% during the 1st quarter. D.A. Davidson & CO. now owns 16,377 shares of the transportation company's stock worth $714,000 after purchasing an additional 5,366 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Delta Air Lines during the 1st quarter worth approximately $1,028,000. Arlington Trust Co LLC acquired a new position in Delta Air Lines in the 1st quarter valued at $50,000. American Capital Advisory LLC raised its holdings in Delta Air Lines by 17.9% in the 1st quarter. American Capital Advisory LLC now owns 2,005 shares of the transportation company's stock valued at $87,000 after acquiring an additional 304 shares in the last quarter. Finally, Compound Global Advisors LLC raised its holdings in Delta Air Lines by 25.5% in the 1st quarter. Compound Global Advisors LLC now owns 7,531 shares of the transportation company's stock valued at $305,000 after acquiring an additional 1,531 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on DAL shares. Wall Street Zen cut Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. The Goldman Sachs Group dropped their price objective on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Susquehanna dropped their price objective on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a report on Monday, April 7th. Citigroup dropped their price objective on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Finally, Jefferies Financial Group reissued a "hold" rating and set a $46.00 price target (down previously from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $61.67.

Delta Air Lines Stock Up 1.6%

DAL stock traded up $0.80 during trading on Friday, reaching $50.93. 6,123,398 shares of the stock were exchanged, compared to its average volume of 9,808,059. The firm's 50 day moving average is $48.36 and its 200 day moving average is $52.97. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.83. The firm has a market cap of $33.25 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 2.39 and a beta of 1.49.

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 for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). The firm had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a return on equity of 28.18% and a net margin of 5.91%. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the company posted $0.45 earnings per share. As a group, research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, July 31st will be paid a $0.1875 dividend. The ex-dividend date is Thursday, July 31st. This is an increase from Delta Air Lines's previous quarterly dividend of $0.15. This represents a $0.75 annualized dividend and a dividend yield of 1.47%. Delta Air Lines's dividend payout ratio is 10.64%.

About Delta Air Lines

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.