Foundry Partners LLC Has $17.95 Million Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Foundry Partners LLC lowered its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 23.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,681 shares of the transportation company's stock after selling 129,579 shares during the period. Foundry Partners LLC owned about 0.06% of Delta Air Lines worth $17,949,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DAL. Hussman Strategic Advisors Inc. bought a new position in shares of Delta Air Lines in the first quarter valued at about $1,831,000. Carson Advisory Inc. grew its position in shares of Delta Air Lines by 5.1% in the 1st quarter. Carson Advisory Inc. now owns 27,734 shares of the transportation company's stock valued at $1,209,000 after purchasing an additional 1,349 shares during the period. Forum Financial Management LP grew its position in shares of Delta Air Lines by 15.8% in the 1st quarter. Forum Financial Management LP now owns 13,282 shares of the transportation company's stock valued at $579,000 after purchasing an additional 1,811 shares during the period. Dynasty Wealth Management LLC boosted its position in Delta Air Lines by 8.2% during the 1st quarter. Dynasty Wealth Management LLC now owns 16,770 shares of the transportation company's stock worth $704,000 after acquiring an additional 1,264 shares during the last quarter. Finally, Burns Matteson Capital Management LLC boosted its position in Delta Air Lines by 5.2% during the 1st quarter. Burns Matteson Capital Management LLC now owns 7,842 shares of the transportation company's stock worth $342,000 after acquiring an additional 391 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of research analyst reports. Bank of America lowered their target price on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Barclays lifted their target price on Delta Air Lines from $58.00 to $65.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Susquehanna Bancshares lifted their target price on Delta Air Lines from $51.00 to $65.00 and gave the stock a "positive" rating in a report on Friday, July 11th. BNP Paribas Exane boosted their price objective on Delta Air Lines from $58.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, July 11th. Finally, Jefferies Financial Group increased their target price on Delta Air Lines from $56.00 to $62.00 and gave the stock a "hold" rating in a report on Monday, July 14th. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.21.

Delta Air Lines Stock Performance

Shares of DAL opened at $56.31 on Friday. The firm has a market cap of $36.77 billion, a PE ratio of 8.16, a PEG ratio of 1.75 and a beta of 1.49. The stock's fifty day moving average price is $50.42 and its two-hundred day moving average price is $52.56. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings data on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.09. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%. The company had revenue of $15,507,000 billion for the quarter, compared to analyst estimates of $16.16 billion. During the same period in the previous year, the company posted $2.36 EPS. The firm's revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st will be paid a $0.1875 dividend. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. This represents a $0.75 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, July 31st. Delta Air Lines's dividend payout ratio is currently 8.70%.

Insiders Place Their Bets

In other news, EVP Steven M. Sear sold 18,000 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $55.96, for a total value of $1,007,280.00. Following the completion of the transaction, the executive vice president directly owned 97,505 shares in the company, valued at approximately $5,456,379.80. This represents a 15.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter W. Carter sold 17,550 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $57.19, for a total value of $1,003,684.50. Following the completion of the transaction, the executive vice president owned 191,442 shares of the company's stock, valued at $10,948,567.98. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 98,973 shares of company stock worth $5,541,946 in the last ninety days. 0.88% of the stock is currently owned by insiders.

Delta Air Lines 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.

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