Nisa Investment Advisors LLC lowered its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 15.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,877 shares of the transportation company's stock after selling 19,313 shares during the quarter. Nisa Investment Advisors LLC's holdings in Delta Air Lines were worth $4,660,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in Delta Air Lines by 5.9% in the first quarter. Janney Montgomery Scott LLC now owns 161,395 shares of the transportation company's stock valued at $7,037,000 after acquiring an additional 9,034 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Delta Air Lines by 152.3% in the first quarter. Exchange Traded Concepts LLC now owns 12,567 shares of the transportation company's stock valued at $548,000 after acquiring an additional 7,586 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Delta Air Lines by 8.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 39,374 shares of the transportation company's stock valued at $1,670,000 after acquiring an additional 2,973 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in Delta Air Lines by 21.2% in the first quarter. Asset Management One Co. Ltd. now owns 145,240 shares of the transportation company's stock valued at $6,332,000 after acquiring an additional 25,406 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Delta Air Lines by 3.7% in the first quarter. GAMMA Investing LLC now owns 9,585 shares of the transportation company's stock valued at $418,000 after acquiring an additional 344 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.
Delta Air Lines Stock Down 0.1%
Shares of NYSE DAL opened at $56.72 on Friday. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The firm has a market cap of $37.04 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 2.44 and a beta of 1.49. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.38. The stock's 50-day simple moving average is $49.43 and its 200-day simple moving average is $52.74.
Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $15,507,000 billion for the quarter, compared to analyst estimates of $16.16 billion. During the same period in the previous year, the company earned $2.36 earnings per share. The company's revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.
Delta Air Lines Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, July 31st will be issued a $0.1875 dividend. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. This represents a $0.75 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, July 31st. Delta Air Lines's payout ratio is currently 10.64%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on DAL shares. Jefferies Financial Group restated a "hold" rating and set a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Morgan Stanley boosted their price target on Delta Air Lines from $88.00 to $90.00 and gave the stock an "overweight" rating in a research report on Friday. Susquehanna reduced their price target on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a research report on Monday, April 7th. 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. Finally, UBS Group reduced their price target on Delta Air Lines from $66.00 to $63.00 and set a "buy" rating on the stock in a research report on Monday, July 7th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $64.69.
Read Our Latest Research Report on DAL
Delta Air Lines Profile
(
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.
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