Deroy & Devereaux Private Investment Counsel Inc. Lowers Position in Delta Air Lines, Inc. (NYSE:DAL)

Deroy & Devereaux Private Investment Counsel Inc. lessened its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 22.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 543,118 shares of the transportation company's stock after selling 158,586 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.08% of Delta Air Lines worth $23,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DAL. Janney Montgomery Scott LLC lifted its position in Delta Air Lines by 5.9% during the first quarter. Janney Montgomery Scott LLC now owns 161,395 shares of the transportation company's stock valued at $7,037,000 after purchasing an additional 9,034 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Delta Air Lines by 152.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 12,567 shares of the transportation company's stock worth $548,000 after acquiring an additional 7,586 shares during the last quarter. Asset Management One Co. Ltd. grew its position 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 worth $6,332,000 after acquiring an additional 25,406 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Delta Air Lines by 22.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 109,977 shares of the transportation company's stock valued at $4,795,000 after acquiring an additional 20,057 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake 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. Hedge funds and other institutional investors own 69.93% of the company's stock.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock opened at $50.93 on Friday. The company's fifty day simple moving average is $48.18 and its two-hundred day simple moving average is $53.08. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98. The firm has a market cap of $33.25 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 2.36 and a beta of 1.49. The company has a quick ratio of 0.33, a current ratio of 0.38 and a debt-to-equity ratio of 0.83.

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 (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.38). The business had revenue of $12.98 billion during 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%. The firm's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. As a group, equities analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st will be issued a $0.1875 dividend. The ex-dividend date is Thursday, July 31st. 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 1.47%. Delta Air Lines's dividend payout ratio is 10.64%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DAL shares. UBS Group set a $66.00 price objective on Delta Air Lines and gave the stock a "buy" rating in a report on Monday, May 19th. TD Cowen upped their target price on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, April 10th. The Goldman Sachs Group reduced their price target on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Dbs Bank lowered shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Susquehanna cut their price objective on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research note on Monday, April 7th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines has a consensus rating of "Moderate Buy" and a consensus target price of $61.67.

Delta Air Lines 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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