Moran Wealth Management LLC Buys 81,453 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Moran Wealth Management LLC lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 97.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 164,971 shares of the transportation company's stock after purchasing an additional 81,453 shares during the quarter. Moran Wealth Management LLC's holdings in Delta Air Lines were worth $7,193,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. HighPoint Advisor Group LLC grew its stake in shares of 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 valued at $554,000 after buying an additional 155 shares in the last quarter. Continuum Advisory LLC raised 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 acquiring an additional 179 shares in the last quarter. Woodmont Investment Counsel LLC lifted its holdings 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 purchasing an additional 192 shares during the last quarter. Nemes Rush Group LLC boosted its position in Delta Air Lines by 4.2% during the fourth quarter. Nemes Rush Group LLC now owns 4,860 shares of the transportation company's stock worth $294,000 after purchasing an additional 196 shares during the period. Finally, Norden Group LLC raised its position in shares of Delta Air Lines by 1.0% in the fourth 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 period. Institutional investors and hedge funds own 69.93% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DAL. Raymond James Financial decreased their target price on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 2nd. Citigroup reduced their price objective on 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. UBS Group set a $66.00 price objective on shares of Delta Air Lines and gave the stock a "buy" rating in a research note on Monday, May 19th. Susquehanna cut 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. Finally, Dbs Bank downgraded Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Three investment 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 company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $61.67.

Delta Air Lines Trading Down 2.4%

Shares of NYSE DAL traded down $1.21 during midday trading on Wednesday, hitting $48.35. The stock had a trading volume of 7,876,265 shares, compared to its average volume of 9,765,332. 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 fifty-two week low of $34.74 and a fifty-two week high of $69.98. The firm has a market cap of $31.57 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 2.44 and a beta of 1.51. The company's 50-day simple moving average is $46.96 and its 200 day simple moving average is $53.63.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). Delta Air Lines had a return on equity of 28.18% and a net margin of 5.91%. The firm had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. During the same quarter in the previous year, the business earned $0.45 earnings per share. Delta Air Lines's revenue for the quarter was down 5.6% compared to the same quarter last year. Research analysts anticipate 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 issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, July 31st. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. Delta Air Lines's payout ratio is currently 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.