Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 14.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,404 shares of the transportation company's stock after purchasing an additional 8,702 shares during the quarter. Quantinno Capital Management LP's holdings in Delta Air Lines were worth $4,138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new position in Delta Air Lines during the fourth quarter worth $27,000. Roxbury Financial LLC purchased a new stake in Delta Air Lines during the fourth quarter worth about $29,000. Hemington Wealth Management increased its holdings in Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after buying an additional 154 shares during the last quarter. Crews Bank & Trust purchased a new stake in Delta Air Lines during the fourth quarter worth about $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in Delta Air Lines by 414.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after purchasing an additional 431 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Down 3.4%

Shares of DAL stock traded down $1.69 during trading hours on Wednesday, reaching $48.30. 8,014,208 shares of the company's stock were exchanged, compared to its average volume of 9,542,945. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The stock has a market cap of $31.53 billion, a PE ratio of 9.06, a PEG ratio of 0.75 and a beta of 1.46. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The stock's fifty day moving average price is $44.22 and its two-hundred day moving average price is $56.07.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). The business 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 5.61% and a return on equity of 30.41%. Delta Air Lines's revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. Research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, May 13th. Delta Air Lines's dividend payout ratio is presently 10.64%.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of analyst reports. Susquehanna cut their price objective 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. The Goldman Sachs Group decreased their price target on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Delta Air Lines in a research note on Tuesday, May 13th. Dbs Bank cut shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, UBS Group upgraded shares of Delta Air Lines from a "neutral" rating to a "buy" rating and lifted their price target for the company from $46.00 to $66.00 in a report on Monday. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $62.08.

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.