Great Valley Advisor Group Inc. Reduces Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Great Valley Advisor Group Inc. decreased its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,848 shares of the transportation company's stock after selling 10,280 shares during the period. Great Valley Advisor Group Inc.'s holdings in Delta Air Lines were worth $2,532,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth about $3,593,000. Pacer Advisors Inc. lifted its stake in Delta Air Lines by 69.4% in the fourth quarter. Pacer Advisors Inc. now owns 81,447 shares of the transportation company's stock worth $4,928,000 after acquiring an additional 33,356 shares during the last quarter. Mediolanum International Funds Ltd grew its holdings in Delta Air Lines by 12.0% during the 4th quarter. Mediolanum International Funds Ltd now owns 216,381 shares of the transportation company's stock worth $13,106,000 after acquiring an additional 23,169 shares in the last quarter. TriaGen Wealth Management LLC purchased a new stake in shares of Delta Air Lines in the 4th quarter valued at approximately $423,000. Finally, KBC Group NV raised its holdings in shares of Delta Air Lines by 27.8% in the 4th quarter. KBC Group NV now owns 72,377 shares of the transportation company's stock valued at $4,379,000 after purchasing an additional 15,766 shares in the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on DAL shares. Barclays decreased their price target on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Citigroup cut their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Jefferies Financial Group restated a "hold" rating and issued a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Bank of America cut their target price on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Finally, UBS Group set a $66.00 price target on Delta Air Lines and gave the stock a "buy" rating in a research note on Monday, May 19th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $62.08.

Delta Air Lines Stock Performance

NYSE:DAL traded up $0.07 during mid-day trading on Thursday, reaching $48.67. The stock had a trading volume of 9,052,152 shares, compared to its average volume of 9,592,013. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The business has a 50 day simple moving average of $44.39 and a 200 day simple moving average of $55.68. The firm has a market capitalization of $31.78 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 0.75 and a beta of 1.46. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business had revenue of $12.98 billion during the quarter, compared to analysts' expectations of $13.85 billion. During the same quarter last year, the firm earned $0.45 earnings per share. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. On average, analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines's dividend payout ratio (DPR) is 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.