Fire Capital Management LLC Buys Shares of 5,326 Delta Air Lines, Inc. (NYSE:DAL)

Fire Capital Management LLC bought a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,326 shares of the transportation company's stock, valued at approximately $322,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DAL. New Wave Wealth Advisors LLC bought a new position in shares of Delta Air Lines during the 4th quarter worth $27,000. Roxbury Financial LLC bought a new position in Delta Air Lines during the 4th quarter valued at approximately $29,000. Hemington Wealth Management grew its holdings in shares of Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after acquiring an additional 154 shares during the period. Crews Bank & Trust bought a new stake in Delta Air Lines in the fourth quarter worth $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Delta Air Lines by 414.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after purchasing an additional 431 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. 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 research report on Tuesday, April 1st. TD Cowen increased their price target on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, April 10th. Citigroup dropped their target price on 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. The Goldman Sachs Group decreased 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 report on Wednesday, April 2nd. Finally, Raymond James cut their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines presently has a consensus rating of "Moderate Buy" and an average target price of $62.08.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock traded down $0.11 on Friday, reaching $48.39. 9,187,098 shares of the stock were exchanged, compared to its average volume of 9,604,600. The business has a 50 day moving average price of $44.38 and a two-hundred day moving average price of $55.47. The firm has a market capitalization of $31.60 billion, a price-to-earnings ratio of 9.08, a PEG ratio of 0.75 and a beta of 1.46. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings data 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). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The business's revenue was down 5.6% on a year-over-year basis. Analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines's dividend payout ratio (DPR) is presently 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.