Hennessy Advisors Inc. Acquires New Shares in Delta Air Lines, Inc. (NYSE:DAL)

Hennessy Advisors Inc. acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 40,800 shares of the transportation company's stock, valued at approximately $1,779,000.

Other large investors also recently bought and sold shares of the company. WASHINGTON TRUST Co boosted its position in Delta Air Lines by 7.5% in the fourth quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company's stock worth $130,000 after purchasing an additional 150 shares during the last quarter. HighPoint Advisor Group LLC lifted its stake in shares of Delta Air Lines by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company's stock worth $554,000 after purchasing an additional 155 shares during the period. Continuum Advisory LLC boosted its holdings in shares of Delta Air Lines by 44.2% in the fourth quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock worth $35,000 after buying an additional 179 shares during the last quarter. Woodmont Investment Counsel LLC grew its position in Delta Air Lines by 0.5% during the fourth quarter. Woodmont Investment Counsel LLC now owns 41,790 shares of the transportation company's stock valued at $2,528,000 after buying an additional 192 shares during the period. Finally, Nemes Rush Group LLC raised its position in Delta Air Lines by 4.2% in the fourth quarter. Nemes Rush Group LLC now owns 4,860 shares of the transportation company's stock worth $294,000 after acquiring an additional 196 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DAL shares. Wall Street Zen lowered Delta Air Lines from a "buy" rating to a "hold" rating in a research note 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 on the stock in a research note on Wednesday, April 2nd. Jefferies Financial Group reaffirmed a "hold" rating and set a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Citigroup reduced their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Finally, Dbs Bank downgraded shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $62.08.

Delta Air Lines Trading Up 5.1%

NYSE DAL traded up $2.42 on Monday, reaching $49.46. The stock had a trading volume of 10,195,436 shares, compared to its average volume of 9,676,620. The stock has a fifty day moving average price of $45.94 and a two-hundred day moving average price of $54.34. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98. The firm has a market capitalization of $32.30 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 0.75 and a beta of 1.51.

Delta Air Lines (NYSE:DAL - Get Free Report) last released 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). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. During the same period last year, the firm earned $0.45 EPS. The company's quarterly revenue was down 5.6% on a year-over-year basis. As a group, sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.21%. Delta Air Lines's dividend 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.