First Hawaiian Bank Has $818,000 Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

First Hawaiian Bank lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 26.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,750 shares of the transportation company's stock after selling 6,672 shares during the period. First Hawaiian Bank's holdings in Delta Air Lines were worth $818,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its position in Delta Air Lines by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company's stock worth $4,380,820,000 after acquiring an additional 456,465 shares in the last quarter. Sanders Capital LLC lifted its holdings in Delta Air Lines by 6.9% in the 4th quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company's stock worth $1,800,754,000 after purchasing an additional 1,922,932 shares during the last quarter. Geode Capital Management LLC grew its holdings in Delta Air Lines by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company's stock valued at $968,234,000 after purchasing an additional 410,648 shares during the last quarter. Capital World Investors boosted its holdings in shares of Delta Air Lines by 0.3% during the 4th quarter. Capital World Investors now owns 15,180,467 shares of the transportation company's stock worth $918,419,000 after buying an additional 46,101 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Delta Air Lines by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,090,209 shares of the transportation company's stock valued at $670,994,000 after buying an additional 92,208 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Trading Up 1.2%

Delta Air Lines stock traded up $0.59 during midday trading on Tuesday, hitting $49.09. 9,376,140 shares of the stock were exchanged, compared to its average volume of 9,605,060. The stock has a market capitalization of $32.05 billion, a PE ratio of 9.21, a P/E/G ratio of 0.75 and a beta of 1.46. The company has a fifty day simple moving average of $44.39 and a two-hundred day simple moving average of $55.24. 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, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted 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). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. During the same quarter last year, the business posted $0.45 earnings per share. The company's revenue for the quarter was down 5.6% on a year-over-year basis. Equities 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 announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. Delta Air Lines's payout ratio is 10.64%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DAL shares. TD Cowen upped their price target on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, April 10th. Barclays reduced their target price on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Bank of America reduced their price objective 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. Raymond James dropped their price target 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. Finally, Susquehanna lowered their price objective on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a research note on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.