Rock Point Advisors LLC Purchases 5,088 Shares of 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 its most recent 13F filing with the SEC. The institutional investor owned 150,947 shares of the transportation company's stock after buying an additional 5,088 shares during the period. Delta Air Lines comprises about 2.0% of Rock Point Advisors LLC's portfolio, making the stock its 16th biggest holding. Rock Point Advisors LLC's holdings in Delta Air Lines were worth $6,581,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DAL. Boston Partners acquired a new position in shares of Delta Air Lines during the 4th quarter worth $328,398,000. Ninety One UK Ltd increased its holdings in Delta Air Lines by 1,469.9% in the 1st quarter. Ninety One UK Ltd now owns 3,309,020 shares of the transportation company's stock worth $144,273,000 after purchasing an additional 3,098,237 shares in the last quarter. Norges Bank acquired a new position in Delta Air Lines in the 4th quarter worth about $152,342,000. Adage Capital Partners GP L.L.C. increased its holdings in Delta Air Lines by 405.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,054,285 shares of the transportation company's stock worth $184,784,000 after purchasing an additional 2,449,874 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Delta Air Lines by 66.9% in the 1st quarter. Bank of New York Mellon Corp now owns 5,915,545 shares of the transportation company's stock worth $257,918,000 after purchasing an additional 2,370,795 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DAL shares. Bank of America lowered their target price on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Wall Street Zen cut Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Morgan Stanley increased their price target on Delta Air Lines from $88.00 to $90.00 and gave the company an "overweight" rating in a research note on Friday. Jefferies Financial Group reissued a "hold" rating and issued a $46.00 price target (down previously from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. 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 research note on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $64.69.

Delta Air Lines Trading Down 0.1%

Shares of Delta Air Lines stock traded down $0.06 on Friday, hitting $56.72. 17,769,124 shares of the company's stock traded hands, compared to its average volume of 9,923,060. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33. The company has a fifty day moving average of $49.43 and a two-hundred day moving average of $52.74. The company has a market capitalization of $37.04 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 2.44 and a beta of 1.49.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Thursday, July 10th. The transportation company reported $2.10 EPS for the quarter, beating the consensus estimate of $2.01 by $0.09. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%. The company had revenue of $15,507,000 billion for the quarter, compared to analyst estimates of $16.16 billion. During the same quarter in the prior year, the company earned $2.36 EPS. The firm's revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current 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 issued a $0.1875 dividend. The ex-dividend date is Thursday, July 31st. This represents a $0.75 annualized dividend and a yield of 1.32%. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. Delta Air Lines's dividend payout ratio is presently 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.