Elevation Point Wealth Partners LLC lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 34.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,731 shares of the transportation company's stock after selling 20,661 shares during the period. Elevation Point Wealth Partners LLC's holdings in Delta Air Lines were worth $1,689,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new position in Delta Air Lines during the 4th quarter worth approximately $29,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in 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 in the last quarter. Graney & King LLC acquired a new position in Delta Air Lines during the 4th quarter worth approximately $34,000. Continuum Advisory LLC grew its holdings in Delta Air Lines by 44.2% during the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock worth $35,000 after acquiring an additional 179 shares in the last quarter. Finally, Crowley Wealth Management Inc. acquired a new position in Delta Air Lines during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 69.93% of the company's stock.
Delta Air Lines Trading Down 4.0%
DAL stock traded down $1.96 during midday trading on Friday, reaching $46.93. 12,931,042 shares of the company's stock traded hands, compared to its average volume of 9,674,531. The company has a market capitalization of $30.64 billion, a P/E ratio of 8.80, a PEG ratio of 0.75 and a beta of 1.51. The business has a 50-day moving average price of $45.94 and a two-hundred day moving average price of $54.40. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.
Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 EPS. Equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.
Delta Air Lines Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. Delta Air Lines's dividend payout ratio (DPR) is presently 10.64%.
Wall Street Analyst Weigh In
Several research analysts have commented on DAL shares. The Goldman Sachs Group lowered their price target on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Raymond James reduced their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 2nd. Sanford C. Bernstein restated an "outperform" rating on shares of Delta Air Lines in a research report on Tuesday, May 13th. Bank of America reduced their price objective 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. Finally, Dbs Bank downgraded shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Delta Air Lines has a consensus rating of "Moderate Buy" and a consensus target price of $62.08.
Get Our Latest Research Report on Delta Air Lines
About Delta Air Lines
(
Free Report)
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.
Further Reading
Before you consider Delta Air Lines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Delta Air Lines wasn't on the list.
While Delta Air Lines currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
