Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 63.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,949 shares of the transportation company's stock after acquiring an additional 7,346 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Delta Air Lines were worth $826,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its holdings in Delta Air Lines by 5.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 161,395 shares of the transportation company's stock worth $7,037,000 after buying an additional 9,034 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in Delta Air Lines by 152.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 12,567 shares of the transportation company's stock worth $548,000 after buying an additional 7,586 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in Delta Air Lines by 63.7% in the 1st quarter. Park Avenue Securities LLC now owns 24,276 shares of the transportation company's stock worth $1,058,000 after buying an additional 9,445 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Delta Air Lines by 169.9% in the 1st quarter. Farther Finance Advisors LLC now owns 14,391 shares of the transportation company's stock worth $610,000 after buying an additional 9,059 shares in the last quarter. Finally, Crestline Management LP lifted its holdings in Delta Air Lines by 147.6% in the 4th quarter. Crestline Management LP now owns 124,109 shares of the transportation company's stock worth $7,509,000 after buying an additional 73,983 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $48.35 on Thursday. The company has a quick ratio of 0.33, a current ratio of 0.38 and a debt-to-equity ratio of 0.83. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The firm has a 50-day simple moving average of $47.12 and a 200 day simple moving average of $53.59. The company has a market cap of $31.57 billion, a PE ratio of 8.57, a P/E/G ratio of 2.51 and a beta of 1.51.

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

Delta Air Lines Increases Dividend

The company 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 dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.55%. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, July 31st. Delta Air Lines's payout ratio is presently 10.64%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Sanford C. Bernstein set a $60.00 target price on shares of Delta Air Lines and gave the stock an "outperform" rating in a research report on Wednesday, June 18th. Susquehanna dropped 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 report on Monday, April 7th. Bank of America dropped 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 research report on Thursday, April 3rd. Jefferies Financial Group reissued a "hold" rating and issued a $46.00 target price (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Finally, Citigroup dropped their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $61.67.

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.

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