Fifth Third Bancorp Has $2.92 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Fifth Third Bancorp reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 13.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,940 shares of the transportation company's stock after selling 10,306 shares during the period. Fifth Third Bancorp's holdings in Delta Air Lines were worth $2,919,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Van ECK Associates Corp raised its holdings in Delta Air Lines by 123.7% in the fourth quarter. Van ECK Associates Corp now owns 9,392 shares of the transportation company's stock valued at $568,000 after buying an additional 5,194 shares during the period. Park Avenue Securities LLC boosted its holdings in Delta Air Lines by 63.7% in the first quarter. Park Avenue Securities LLC now owns 24,276 shares of the transportation company's stock worth $1,058,000 after purchasing an additional 9,445 shares during the period. Crestline Management LP boosted its holdings in Delta Air Lines by 147.6% in the fourth quarter. Crestline Management LP now owns 124,109 shares of the transportation company's stock worth $7,509,000 after purchasing an additional 73,983 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Delta Air Lines by 5.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,397,870 shares of the transportation company's stock valued at $84,571,000 after acquiring an additional 67,929 shares during the period. Finally, M&T Bank Corp boosted its holdings in shares of Delta Air Lines by 10.0% during the fourth quarter. M&T Bank Corp now owns 62,906 shares of the transportation company's stock valued at $3,806,000 after acquiring an additional 5,693 shares during the period. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Stock Performance

DAL stock traded down $1.96 on Friday, reaching $46.93. 12,931,042 shares of the company were exchanged, compared to its average volume of 9,674,531. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The stock's fifty day moving average price is $45.94 and its 200 day moving average price is $54.40. The firm has a market capitalization of $30.64 billion, a PE ratio of 8.80, a PEG 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 (NYSE:DAL - Get Free Report) last posted its quarterly earnings results 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). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. The firm's quarterly revenue was down 5.6% on a year-over-year basis. On average, research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. Delta Air Lines's dividend payout ratio is currently 10.64%.

Analyst Ratings Changes

DAL has been the subject of several research reports. The Goldman Sachs Group reduced their price objective on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. UBS Group set a $66.00 target price on shares of Delta Air Lines and gave the stock a "buy" rating in a report on Monday, May 19th. Bank of America decreased their target price on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Citigroup decreased their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Finally, Susquehanna decreased their target price on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a report on Monday, April 7th. Three investment 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. Based on data from MarketBeat, Delta Air Lines currently has a consensus rating of "Moderate Buy" and an average price target of $62.08.

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.