Harel Insurance Investments & Financial Services Ltd. Purchases 220,880 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 45,169.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 221,369 shares of the transportation company's stock after purchasing an additional 220,880 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Delta Air Lines were worth $9,652,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Delta Air Lines by 414.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after buying an additional 431 shares in the last quarter. Graney & King LLC bought a new stake in shares of Delta Air Lines during the fourth quarter valued at about $34,000. Continuum Advisory LLC raised its stake in shares of Delta Air Lines by 44.2% during the fourth quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock valued at $35,000 after purchasing an additional 179 shares in the last quarter. Crowley Wealth Management Inc. bought a new stake in shares of Delta Air Lines during the fourth quarter valued at about $45,000. Finally, Millstone Evans Group LLC bought a new stake in Delta Air Lines in the fourth quarter worth about $46,000. Institutional investors and hedge funds own 69.93% of the company's stock.

Delta Air Lines Stock Up 1.6%

NYSE:DAL traded up $0.80 on Friday, hitting $50.93. 6,123,398 shares of the company's stock traded hands, compared to its average volume of 9,808,059. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.83. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The firm has a 50-day moving average price of $48.36 and a 200-day moving average price of $52.97. The company has a market cap of $33.25 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 2.39 and a beta of 1.49.

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

Delta Air Lines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, July 31st will be issued 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 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, July 31st. Delta Air Lines's payout ratio is 10.64%.

Analyst Upgrades and Downgrades

DAL has been the topic of several research reports. Raymond James Financial dropped their price target on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 2nd. Barclays dropped their price target on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Dbs Bank cut shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Citigroup dropped their price target on shares of 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. Finally, TD Cowen boosted their price target 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. Three equities 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $61.67.

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.