EULAV Asset Management Raises Holdings in Delta Air Lines, Inc. (NYSE:DAL)

EULAV Asset Management increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 56.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,000 shares of the transportation company's stock after purchasing an additional 27,000 shares during the quarter. EULAV Asset Management's holdings in Delta Air Lines were worth $3,270,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in shares of 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 worth $7,037,000 after purchasing an additional 9,034 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Delta Air Lines by 152.3% during the first quarter. Exchange Traded Concepts LLC now owns 12,567 shares of the transportation company's stock worth $548,000 after purchasing an additional 7,586 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Delta Air Lines by 21.2% during the first quarter. Asset Management One Co. Ltd. now owns 145,240 shares of the transportation company's stock worth $6,332,000 after purchasing an additional 25,406 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Delta Air Lines by 22.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 109,977 shares of the transportation company's stock worth $4,795,000 after purchasing an additional 20,057 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Delta Air Lines by 3.7% during the first quarter. GAMMA Investing LLC now owns 9,585 shares of the transportation company's stock worth $418,000 after purchasing an additional 344 shares during the period. Institutional investors and hedge funds own 69.93% of the company's stock.

Delta Air Lines Price Performance

Shares of DAL stock traded up $0.82 during trading hours on Tuesday, hitting $50.82. 3,868,076 shares of the company's stock were exchanged, compared to its average volume of 9,795,432. The company has a quick ratio of 0.33, a current ratio of 0.38 and a debt-to-equity ratio of 0.83. The firm has a market cap of $33.18 billion, a P/E ratio of 9.00, a P/E/G ratio of 2.39 and a beta of 1.49. The firm has a 50 day moving average of $48.52 and a two-hundred day moving average of $52.84. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two 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 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 return on equity of 28.18% and a net margin of 5.91%. The company's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. Sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, July 31st will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 1.48%. This is a boost from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, July 31st. Delta Air Lines's payout ratio is presently 10.64%.

Analysts Set New Price Targets

DAL has been the subject of a number of research reports. TD Cowen lifted their target price on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, April 10th. Susquehanna decreased their price target on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a report on Monday, April 7th. Bank of America decreased their price target on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. The Goldman Sachs Group decreased their price target on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $46.00 price target (down from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Three equities research 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 data from MarketBeat.com, Delta Air Lines currently has an average rating of "Moderate Buy" and an average target price of $61.42.

About Delta Air Lines

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.