Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 5.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,279 shares of the transportation company's stock after acquiring an additional 12,726 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Delta Air Lines were worth $10,912,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in shares of Delta Air Lines by 33.5% in the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company's stock valued at $555,000 after acquiring an additional 2,302 shares during the period. Atria Wealth Solutions Inc. boosted its position in Delta Air Lines by 4.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 13,824 shares of the transportation company's stock valued at $836,000 after purchasing an additional 583 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Delta Air Lines by 249.5% in the fourth quarter. First Horizon Advisors Inc. now owns 2,709 shares of the transportation company's stock valued at $164,000 after purchasing an additional 1,934 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Delta Air Lines in the fourth quarter worth about $1,702,000. Finally, Bank of New York Mellon Corp raised its holdings in Delta Air Lines by 8.4% in the fourth quarter. Bank of New York Mellon Corp now owns 3,544,750 shares of the transportation company's stock worth $214,457,000 after purchasing an additional 274,067 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group reaffirmed a "hold" rating and issued a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Susquehanna lowered their target price on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research note on Monday, April 7th. Sanford C. Bernstein set a $60.00 price target on shares of Delta Air Lines and gave the stock an "outperform" rating in a report on Wednesday, June 18th. UBS Group set a $66.00 price target on Delta Air Lines and gave the stock a "buy" rating in a research report on Monday, May 19th. Finally, Citigroup decreased 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. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines currently has an average rating of "Moderate Buy" and a consensus target price of $61.67.

Delta Air Lines Stock Performance

Delta Air Lines stock traded down $1.21 during trading hours on Wednesday, hitting $48.35. 7,873,842 shares of the stock traded hands, compared to its average volume of 9,765,327. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.38 and a quick ratio of 0.33. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The firm's 50 day moving average price is $46.96 and its 200-day moving average price is $53.63. The stock has a market capitalization of $31.57 billion, a price-to-earnings ratio of 8.57, a P/E/G ratio of 2.44 and a beta of 1.51.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.38). The company had revenue of $12.98 billion for the quarter, compared to analysts' expectations of $13.85 billion. Delta Air Lines had a net margin of 5.91% and a return on equity of 28.18%. The firm's revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share. As a group, equities analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 1.55%. This is an increase from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, July 31st. Delta Air Lines's dividend payout ratio is presently 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.