Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 45,169.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 221,369 shares of the transportation company's stock after buying an additional 220,880 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Delta Air Lines were worth $9,652,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in Delta Air Lines by 5.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 161,395 shares of the transportation company's stock worth $7,037,000 after acquiring an additional 9,034 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Delta Air Lines by 152.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 12,567 shares of the transportation company's stock worth $548,000 after acquiring an additional 7,586 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in Delta Air Lines by 21.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 145,240 shares of the transportation company's stock worth $6,332,000 after acquiring an additional 25,406 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Delta Air Lines by 22.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 109,977 shares of the transportation company's stock valued at $4,795,000 after buying an additional 20,057 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Delta Air Lines by 3.7% in the 1st quarter. GAMMA Investing LLC now owns 9,585 shares of the transportation company's stock valued at $418,000 after buying an additional 344 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DAL. Dbs Bank cut shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Sanford C. Bernstein set a $60.00 target price on shares of Delta Air Lines and gave the company an "outperform" rating in a report on Wednesday, June 18th. Raymond James Financial lowered 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. Jefferies Financial Group restated a "hold" rating and issued a $46.00 target price (down previously from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Finally, Barclays lowered their target price on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $61.42.

Delta Air Lines Stock Performance

NYSE:DAL traded down $1.30 during trading hours on Monday, reaching $49.56. 5,581,815 shares of the company's stock were exchanged, compared to its average volume of 9,793,113. The firm has a market capitalization of $32.36 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 2.39 and a beta of 1.49. The company has a quick ratio of 0.33, a current ratio of 0.38 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 company has a 50-day moving average of $48.36 and a 200 day moving average of $52.92.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced 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). The firm had revenue of $12.98 billion for the quarter, compared to analysts' expectations of $13.85 billion. Delta Air Lines had a return on equity of 28.18% and a net margin of 5.91%. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. Research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, July 31st will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, July 31st. This is an increase from Delta Air Lines's previous quarterly dividend of $0.15. Delta Air Lines's dividend payout ratio (DPR) is currently 13.30%.

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.