Generate Investment Management Ltd Sells 20,870 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Generate Investment Management Ltd lessened its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 7.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 251,411 shares of the transportation company's stock after selling 20,870 shares during the period. Generate Investment Management Ltd's holdings in Delta Air Lines were worth $10,962,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Boston Partners acquired a new stake in shares of Delta Air Lines during the fourth quarter worth approximately $328,398,000. Norges Bank bought a new stake in Delta Air Lines during the 4th quarter worth approximately $152,342,000. Adage Capital Partners GP L.L.C. boosted its stake in Delta Air Lines by 405.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,054,285 shares of the transportation company's stock worth $184,784,000 after purchasing an additional 2,449,874 shares in the last quarter. FMR LLC boosted its stake in Delta Air Lines by 29.3% in the fourth quarter. FMR LLC now owns 9,955,818 shares of the transportation company's stock worth $602,327,000 after purchasing an additional 2,254,560 shares in the last quarter. Finally, Sanders Capital LLC grew its holdings in shares of Delta Air Lines by 6.9% during the fourth 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. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Trading Down 2.4%

NYSE:DAL traded down $1.21 during trading hours on Wednesday, hitting $48.35. The stock had a trading volume of 7,877,785 shares, compared to its average volume of 9,765,342. The business's 50 day moving average is $46.96 and its 200-day moving average is $53.63. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.33 and a current ratio of 0.38. The company has a market cap of $31.57 billion, a price-to-earnings ratio of 8.57, a P/E/G ratio of 2.44 and a beta of 1.51. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). Delta Air Lines had a net margin of 5.91% and a return on equity of 28.18%. The firm had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. During the same quarter in the prior year, the company earned $0.45 EPS. Delta Air Lines's quarterly revenue was down 5.6% on a year-over-year basis. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, July 31st will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.55%. This is a boost from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, July 31st. Delta Air Lines's dividend payout ratio is presently 10.64%.

Analysts Set New Price Targets

DAL has been the topic of several research reports. Bank of America reduced their price target on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. TD Cowen upped their target price on shares of Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, April 10th. Susquehanna cut their price target 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. The Goldman Sachs Group cut their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Finally, Barclays reduced their target price on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. 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 stock. According to MarketBeat, Delta Air Lines has an average rating of "Moderate Buy" and an average target price of $61.67.

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.