Global Financial Private Client LLC Trims Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Global Financial Private Client LLC lessened its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 84.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,798 shares of the transportation company's stock after selling 9,462 shares during the period. Global Financial Private Client LLC's holdings in Delta Air Lines were worth $78,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DAL. New Wave Wealth Advisors LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter valued at about $27,000. Hemington Wealth Management increased its position 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 valued at $28,000 after purchasing an additional 154 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter valued at about $29,000. Crews Bank & Trust purchased a new stake in shares of Delta Air Lines during the 4th quarter valued at about $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Delta Air Lines by 414.4% in the 4th 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 in the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Price Performance

NYSE:DAL traded up $0.43 during trading hours on Monday, reaching $48.82. The stock had a trading volume of 8,105,984 shares, compared to its average volume of 9,605,828. The stock has a market capitalization of $31.88 billion, a PE ratio of 9.16, a PEG ratio of 0.75 and a beta of 1.46. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The company has a 50 day moving average price of $44.38 and a two-hundred day moving average price of $55.34. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $12.98 billion for the quarter, compared to analysts' expectations of $13.85 billion. During the same period in the previous year, the company earned $0.45 EPS. Delta Air Lines's revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share 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. 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 1.23%. The ex-dividend date of this dividend is Tuesday, May 13th. Delta Air Lines's dividend payout ratio is 10.64%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. TD Cowen lifted their price objective on Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, April 10th. Wall Street Zen downgraded shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Barclays reduced their price objective on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. UBS Group set a $66.00 target price on shares of Delta Air Lines and gave the company a "buy" rating in a research note on Monday, May 19th. Finally, Raymond James dropped their target price on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 2nd. Three research 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 stock. Based on data from MarketBeat.com, Delta Air Lines presently 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.