Carolina Wealth Advisors LLC Lowers Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Carolina Wealth Advisors LLC lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 59.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,183 shares of the transportation company's stock after selling 7,657 shares during the quarter. Carolina Wealth Advisors LLC's holdings in Delta Air Lines were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Delta Air Lines by 414.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after buying an additional 431 shares during the period. Graney & King LLC bought a new position in Delta Air Lines during the 4th quarter worth approximately $34,000. Continuum Advisory LLC increased its stake in Delta Air Lines by 44.2% in the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock worth $35,000 after purchasing an additional 179 shares during the period. Crowley Wealth Management Inc. bought a new stake in Delta Air Lines in the fourth quarter valued at approximately $45,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $46,000. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Stock Up 1.3%

Shares of NYSE:DAL traded up $0.66 during trading on Friday, hitting $49.63. The stock had a trading volume of 10,170,389 shares, compared to its average volume of 9,776,597. The company has a market capitalization of $32.41 billion, a PE ratio of 8.80, a PEG ratio of 2.48 and a beta of 1.51. The company has a quick ratio of 0.33, a current ratio of 0.38 and a debt-to-equity ratio of 0.83. The firm's fifty day moving average is $47.46 and its 200 day moving average is $53.41. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98.

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

Delta Air Lines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, July 31st will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 1.51%. This is a positive change 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 (DPR) is presently 10.64%.

Analysts Set New Price Targets

Several brokerages recently commented on DAL. TD Cowen lifted their target price on shares of Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, April 10th. Wall Street Zen cut shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Barclays dropped their target price on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Susquehanna lowered their price target on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research report on Monday, April 7th. Finally, 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. 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $61.67.

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.