Rock Point Advisors LLC Has $6.58 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Rock Point Advisors LLC lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 3.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,947 shares of the transportation company's stock after purchasing an additional 5,088 shares during the period. Delta Air Lines comprises approximately 2.0% of Rock Point Advisors LLC's holdings, making the stock its 16th biggest holding. Rock Point Advisors LLC's holdings in Delta Air Lines were worth $6,581,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of DAL. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Delta Air Lines by 414.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after acquiring an additional 431 shares during the period. Graney & King LLC purchased a new position in Delta Air Lines during the fourth quarter worth approximately $34,000. Continuum Advisory LLC grew its stake in shares of Delta Air Lines by 44.2% during 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. Crowley Wealth Management Inc. acquired a new stake in shares of Delta Air Lines during the 4th quarter worth $45,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter worth $46,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DAL shares. Sanford C. Bernstein set a $60.00 price target 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 issued a $46.00 price target (down from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Barclays decreased 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. Bank of America dropped their target price on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, TD Cowen boosted their price target on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, April 10th. 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 company has a consensus rating of "Moderate Buy" and a consensus price target of $61.42.

Delta Air Lines Stock Up 12.1%

Shares of DAL stock traded up $6.14 during trading hours on Thursday, hitting $56.84. 46,931,780 shares of the company were exchanged, compared to its average volume of 9,987,319. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.33 and a current ratio of 0.38. The stock has a market capitalization of $37.12 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 2.37 and a beta of 1.49. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The business's 50-day simple moving average is $48.87 and its two-hundred day simple moving average is $52.81.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.09. Delta Air Lines had a return on equity of 28.18% and a net margin of 5.91%. The firm had revenue of $15,507,000 billion for the quarter, compared to analysts' expectations of $16.16 billion. During the same period last year, the business posted $2.36 earnings per share. The firm's revenue for the quarter was down .1% on a year-over-year basis. Sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently declared 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 is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. This represents a $0.75 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Thursday, July 31st. Delta Air Lines's dividend payout ratio (DPR) is presently 10.64%.

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.