CWC Advisors LLC. Increases Stake in Delta Air Lines, Inc. (NYSE:DAL)

CWC Advisors LLC. lifted its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 50.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,070 shares of the transportation company's stock after purchasing an additional 7,753 shares during the quarter. CWC Advisors LLC.'s holdings in Delta Air Lines were worth $1,006,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. HighPoint Advisor Group LLC boosted its stake in Delta Air Lines by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company's stock worth $554,000 after purchasing an additional 155 shares in the last quarter. Continuum Advisory LLC raised its position 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 buying an additional 179 shares during the last quarter. Woodmont Investment Counsel LLC raised its position in Delta Air Lines by 0.5% in the 4th quarter. Woodmont Investment Counsel LLC now owns 41,790 shares of the transportation company's stock worth $2,528,000 after buying an additional 192 shares during the last quarter. Nemes Rush Group LLC increased its position in shares of Delta Air Lines by 4.2% during the 4th quarter. Nemes Rush Group LLC now owns 4,860 shares of the transportation company's stock valued at $294,000 after purchasing an additional 196 shares during the last quarter. Finally, Norden Group LLC increased its position in shares of Delta Air Lines by 1.0% during the 4th quarter. Norden Group LLC now owns 19,702 shares of the transportation company's stock valued at $1,192,000 after purchasing an additional 197 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Trading Up 1.3%

NYSE:DAL traded up $0.66 during midday trading on Friday, hitting $49.63. 10,170,389 shares of the company traded hands, compared to its average volume of 9,776,597. 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. The firm has a market capitalization of $32.41 billion, a P/E ratio of 8.80, a P/E/G ratio of 2.48 and a beta of 1.51. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.83.

Delta Air Lines (NYSE:DAL - Get Free Report) last released 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). Delta Air Lines had a net margin of 5.91% and a return on equity of 28.18%. The company had revenue of $12.98 billion for the quarter, compared to analysts' expectations of $13.85 billion. During the same quarter in the previous year, the company posted $0.45 EPS. The business's quarterly revenue was down 5.6% on a year-over-year basis. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st will be paid a $0.1875 dividend. 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. This represents a $0.75 dividend on an annualized basis and a yield of 1.51%. Delta Air Lines's dividend payout ratio (DPR) is presently 10.64%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DAL shares. Bank of America reduced their target price on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. TD Cowen upped their price target on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, April 10th. Sanford C. Bernstein set a $60.00 target price on Delta Air Lines and gave the company an "outperform" rating in a research report on Wednesday, June 18th. Jefferies Financial Group reiterated a "hold" rating and set a $46.00 target price (down from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Finally, Barclays lowered their target price on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.