Harel Insurance Investments & Financial Services Ltd. Raises Stake in Delta Air Lines, Inc. (NYSE:DAL)

Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 45,169.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. OneDigital Investment Advisors LLC lifted its position in shares of Delta Air Lines by 5.2% during the first quarter. OneDigital Investment Advisors LLC now owns 14,169 shares of the transportation company's stock worth $618,000 after purchasing an additional 696 shares during the last quarter. Calamos Advisors LLC lifted its position in shares of Delta Air Lines by 2.2% during the first quarter. Calamos Advisors LLC now owns 325,595 shares of the transportation company's stock worth $14,196,000 after purchasing an additional 6,886 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Delta Air Lines by 48.7% during the first quarter. D.A. Davidson & CO. now owns 16,377 shares of the transportation company's stock worth $714,000 after purchasing an additional 5,366 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Delta Air Lines during the first quarter worth $1,028,000. Finally, Arlington Trust Co LLC bought a new stake in shares of Delta Air Lines during the first quarter worth $50,000. 69.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DAL has been the subject of several research analyst reports. Barclays decreased 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. The Goldman Sachs Group decreased their price objective on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. UBS Group decreased their price objective on Delta Air Lines from $66.00 to $63.00 and set a "buy" rating for the company in a report on Monday. Raymond James Financial decreased their price objective on 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. Finally, Jefferies Financial Group restated a "hold" rating and issued a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Three 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $61.42.

Delta Air Lines Stock Down 1.6%

Delta Air Lines stock traded down $0.80 during trading hours on Monday, reaching $50.06. The stock had a trading volume of 12,205,003 shares, compared to its average volume of 9,818,130. The company has a market cap of $32.69 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 2.39 and a beta of 1.49. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.38 and a quick ratio of 0.33. The business's 50 day moving average price is $48.36 and its 200-day moving average price is $52.92. 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 issued its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). Delta Air Lines had a return on equity of 28.18% and a net margin of 5.91%. The business had revenue of $12.98 billion for the quarter, compared to analysts' expectations of $13.85 billion. During the same quarter in the previous year, the firm posted $0.45 EPS. Delta Air Lines's 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 year.

Delta Air Lines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.1875 per share. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, July 31st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.50%. Delta Air Lines's payout ratio is presently 10.64%.

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.