Douglas Lane & Associates LLC Reduces Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Douglas Lane & Associates LLC lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 3.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,075,581 shares of the transportation company's stock after selling 66,881 shares during the quarter. Delta Air Lines makes up 1.3% of Douglas Lane & Associates LLC's holdings, making the stock its 20th largest holding. Douglas Lane & Associates LLC owned about 0.32% of Delta Air Lines worth $90,495,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Delta Air Lines by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company's stock valued at $4,380,820,000 after buying an additional 456,465 shares in the last quarter. Sanders Capital LLC increased its position in shares of Delta Air Lines by 6.9% during the fourth quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company's stock worth $1,800,754,000 after acquiring an additional 1,922,932 shares during the period. Geode Capital Management LLC raised its stake in shares of Delta Air Lines by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company's stock valued at $968,234,000 after acquiring an additional 410,648 shares in the last quarter. Capital World Investors raised its stake in shares of Delta Air Lines by 0.3% during the fourth quarter. Capital World Investors now owns 15,180,467 shares of the transportation company's stock valued at $918,419,000 after acquiring an additional 46,101 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Delta Air Lines by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,090,209 shares of the transportation company's stock valued at $670,994,000 after purchasing an additional 92,208 shares during the period. Hedge funds and other institutional investors own 69.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DAL shares. Susquehanna decreased their target price on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research report on Monday, April 7th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Delta Air Lines in a report on Tuesday, May 13th. Citigroup cut their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Jefferies Financial Group restated a "hold" rating and issued a $46.00 price target (down previously from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Finally, The Goldman Sachs Group dropped their price objective on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Delta Air Lines has an average rating of "Moderate Buy" and an average price target of $62.08.

Delta Air Lines Stock Up 0.6%

NYSE DAL traded up $0.28 on Thursday, hitting $49.26. The stock had a trading volume of 4,447,612 shares, compared to its average volume of 11,157,249. The business's fifty day moving average price is $44.56 and its 200 day moving average price is $55.15. The stock has a market cap of $32.16 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 0.75 and a beta of 1.51. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company's quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. Equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th were issued 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 1.22%. Delta Air Lines's dividend payout ratio is currently 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.