Farmers & Merchants Investments Inc. lessened its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 14.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 132,312 shares of the transportation company's stock after selling 21,603 shares during the quarter. Farmers & Merchants Investments Inc.'s holdings in Delta Air Lines were worth $5,769,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Boston Partners bought a new position in Delta Air Lines in the fourth quarter valued at approximately $328,398,000. Norges Bank bought a new position in Delta Air Lines in the fourth quarter valued at approximately $152,342,000. Adage Capital Partners GP L.L.C. grew its stake in Delta Air Lines by 405.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,054,285 shares of the transportation company's stock valued at $184,784,000 after purchasing an additional 2,449,874 shares in the last quarter. FMR LLC grew its stake in Delta Air Lines by 29.3% in the fourth quarter. FMR LLC now owns 9,955,818 shares of the transportation company's stock valued at $602,327,000 after purchasing an additional 2,254,560 shares in the last quarter. Finally, Sanders Capital LLC grew its stake in Delta Air Lines by 6.9% in the fourth quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company's stock valued at $1,800,754,000 after purchasing an additional 1,922,932 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Jefferies Financial Group restated a "hold" rating and issued a $46.00 price target (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. 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 reduced their target price on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 2nd. Citigroup reduced their target price on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Finally, Dbs Bank downgraded Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $62.08.
Read Our Latest Stock Report on Delta Air Lines
Delta Air Lines Stock Performance
DAL traded down $1.96 during trading on Friday, hitting $46.93. The stock had a trading volume of 12,931,042 shares, compared to its average volume of 9,674,531. The company has a 50 day moving average price of $45.94 and a 200-day moving average price of $54.40. The firm has a market cap of $30.64 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 0.75 and a beta of 1.51. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. 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 (NYSE:DAL - Get Free Report) last released its quarterly 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 firm had revenue of $12.98 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. As a group, research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.
Delta Air Lines Dividend Announcement
The business also recently disclosed 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 was Tuesday, May 13th. This represents a $0.60 annualized dividend and a yield of 1.28%. Delta Air Lines's dividend payout ratio is presently 10.64%.
Delta Air Lines Company Profile
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Free Report)
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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