Farther Finance Advisors LLC Buys 9,059 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Farther Finance Advisors LLC boosted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 169.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,391 shares of the transportation company's stock after acquiring an additional 9,059 shares during the period. Farther Finance Advisors LLC's holdings in Delta Air Lines were worth $610,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Roxbury Financial LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $29,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in Delta Air Lines by 414.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock valued at $32,000 after purchasing an additional 431 shares in the last quarter. Graney & King LLC bought a new position in Delta Air Lines during the fourth quarter valued at $34,000. Continuum Advisory LLC grew 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 worth $35,000 after buying an additional 179 shares in the last quarter. Finally, Crowley Wealth Management Inc. bought a new stake in shares of Delta Air Lines in the 4th quarter worth about $45,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Down 4.0%

NYSE:DAL opened at $46.93 on Friday. The company has a market cap of $30.64 billion, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 0.75 and a beta of 1.51. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The stock has a fifty day simple moving average of $45.94 and a 200-day simple moving average of $54.40.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). The company had revenue of $12.98 billion for 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 company's quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 EPS. Analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors 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 annualized dividend and a dividend yield of 1.28%. Delta Air Lines's payout ratio is currently 10.64%.

Analyst Upgrades and Downgrades

DAL has been the subject of several recent research reports. UBS Group set a $66.00 price target on Delta Air Lines and gave the stock a "buy" rating in a research report on Monday, May 19th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Delta Air Lines in a research note on Tuesday, May 13th. Susquehanna cut their target price on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a research report on Monday, April 7th. Raymond James decreased their price target on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Three investment 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.08.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.