Deltec Asset Management LLC Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

Deltec Asset Management LLC acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 27,500 shares of the transportation company's stock, valued at approximately $1,199,000.

A number of other large investors also recently made changes to their positions in the stock. HighPoint Advisor Group LLC lifted its stake in shares of Delta Air Lines by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company's stock valued at $554,000 after purchasing an additional 155 shares during the period. Continuum Advisory LLC lifted its stake in shares of Delta Air Lines by 44.2% in the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock valued at $35,000 after purchasing an additional 179 shares during the period. Woodmont Investment Counsel LLC lifted its stake in shares of Delta Air Lines by 0.5% in the 4th quarter. Woodmont Investment Counsel LLC now owns 41,790 shares of the transportation company's stock valued at $2,528,000 after purchasing an additional 192 shares during the period. Nemes Rush Group LLC lifted its stake in shares of Delta Air Lines by 4.2% in the 4th quarter. Nemes Rush Group LLC now owns 4,860 shares of the transportation company's stock valued at $294,000 after purchasing an additional 196 shares during the period. Finally, Norden Group LLC lifted its stake in shares of Delta Air Lines by 1.0% in the 4th quarter. Norden Group LLC now owns 19,702 shares of the transportation company's stock valued at $1,192,000 after purchasing an additional 197 shares during the period. Institutional investors and hedge funds own 69.93% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wall Street Zen downgraded Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Raymond James Financial cut their price target on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 2nd. Bank of America cut their price target on 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. Sanford C. Bernstein set a $60.00 price objective on shares of Delta Air Lines and gave the company an "outperform" rating in a research report on Wednesday. Finally, Barclays lowered their price objective on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines has an average rating of "Moderate Buy" and an average price target of $61.67.

Delta Air Lines Price Performance

DAL stock opened at $47.24 on Friday. The stock has a 50-day moving average price of $46.63 and a two-hundred day moving average price of $53.93. The stock has a market cap of $30.84 billion, a PE ratio of 8.38, a price-to-earnings-growth ratio of 2.40 and a beta of 1.51. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.83. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its earnings results 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 the consensus estimate of $13.85 billion. Delta Air Lines had a return on equity of 28.18% and a net margin of 5.91%. Delta Air Lines's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. Equities analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, July 31st. This is a boost from Delta Air Lines's previous quarterly dividend of $0.15. Delta Air Lines's dividend payout ratio is 10.64%.

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.

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