GAMMA Investing LLC Increases Holdings in Delta Air Lines, Inc. (NYSE:DAL)

GAMMA Investing LLC lifted its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 4,422.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 417,906 shares of the transportation company's stock after buying an additional 408,665 shares during the period. GAMMA Investing LLC owned approximately 0.06% of Delta Air Lines worth $18,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of DAL. Roxbury Financial LLC purchased a new position in Delta Air Lines in the fourth quarter worth about $29,000. Hemington Wealth Management lifted its stake in shares of Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after purchasing an additional 154 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Delta Air Lines by 414.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after buying an additional 431 shares during the last quarter. Graney & King LLC bought a new stake in Delta Air Lines during the fourth quarter valued at approximately $34,000. Finally, Continuum Advisory LLC increased its holdings in Delta Air Lines by 44.2% during the fourth 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 last quarter. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Price Performance

DAL traded up $2.14 during trading on Friday, reaching $50.98. 7,443,734 shares of the company traded hands, compared to its average volume of 9,623,485. The company has a market cap of $33.29 billion, a P/E ratio of 9.56, a PEG ratio of 0.75 and a beta of 1.51. 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, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98. The firm has a fifty day simple moving average of $44.83 and a 200 day simple moving average of $54.96.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.38). The company 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 business's revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share. On average, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th were given 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 1.18%. Delta Air Lines's dividend payout ratio is currently 10.64%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DAL shares. Bank of America dropped their price target on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Barclays cut 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. Dbs Bank downgraded Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Susquehanna lowered their price objective 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. Finally, The Goldman Sachs Group cut their price objective on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Three 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, Delta Air Lines currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.08.

Delta Air Lines Company 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.