Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Czech National Bank

Czech National Bank increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 147,374 shares of the transportation company's stock after buying an additional 8,367 shares during the period. Czech National Bank's holdings in Delta Air Lines were worth $6,426,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Roxbury Financial LLC acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at $29,000. Hemington Wealth Management increased its holdings in Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after purchasing an additional 154 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Delta Air Lines by 414.4% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock valued at $32,000 after purchasing an additional 431 shares in the last quarter. Graney & King LLC purchased a new position in shares of Delta Air Lines in the 4th quarter valued at about $34,000. Finally, Continuum Advisory LLC boosted its stake in shares of Delta Air Lines by 44.2% in the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock valued at $35,000 after buying an additional 179 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DAL shares. Raymond James reduced their target price on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 2nd. TD Cowen increased their price objective on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, April 10th. Dbs Bank cut shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. The Goldman Sachs Group dropped their target price on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Susquehanna decreased their price target 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. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $62.08.

Delta Air Lines Stock Performance

Shares of DAL stock traded up $0.22 during mid-day trading on Wednesday, hitting $49.05. 8,229,651 shares of the stock were exchanged, compared to its average volume of 9,616,392. The stock's fifty day simple moving average is $44.45 and its two-hundred day simple moving average is $55.19. The stock has a market capitalization of $32.03 billion, a price-to-earnings ratio of 9.20, a P/E/G ratio of 0.75 and a beta of 1.51. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results 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 analyst estimates of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. On average, analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th were issued a $0.15 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.22%. Delta Air Lines's payout ratio is 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.