KBC Group NV Sells 50,411 Shares of Delta Air Lines, Inc. (NYSE:DAL)

KBC Group NV trimmed its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 69.7% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 21,966 shares of the transportation company's stock after selling 50,411 shares during the period. KBC Group NV's holdings in Delta Air Lines were worth $957,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC lifted 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 valued at $32,000 after purchasing an additional 431 shares during the period. Graney & King LLC acquired a new position in shares of Delta Air Lines in the 4th quarter valued at $34,000. Continuum Advisory LLC lifted its stake in shares of Delta Air Lines by 44.2% in the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock valued at $35,000 after purchasing an additional 179 shares during the period. Crowley Wealth Management Inc. acquired a new position in shares of Delta Air Lines in the 4th quarter valued at $45,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Delta Air Lines in the 4th quarter valued at $46,000. 69.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DAL. UBS Group cut their price target on Delta Air Lines from $66.00 to $63.00 and set a "buy" rating on the stock in a research note on Monday. Sanford C. Bernstein set a $60.00 price objective on Delta Air Lines and gave the stock an "outperform" rating in a research note on Wednesday, June 18th. Raymond James Financial dropped their price objective on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 2nd. TD Cowen raised their price objective on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, April 10th. Finally, Susquehanna dropped their price objective on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a research note on Monday, April 7th. Three equities research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $61.42.

Delta Air Lines Stock Down 1.6%

DAL stock traded down $0.80 during trading hours on Monday, reaching $50.06. 12,205,003 shares of the stock were exchanged, compared to its average volume of 9,818,130. The firm's 50-day moving average is $48.52 and its 200-day moving average is $52.84. 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. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its 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). The firm had revenue of $12.98 billion for the quarter, compared to the consensus estimate of $13.85 billion. Delta Air Lines had a return on equity of 28.18% and a net margin of 5.91%. Delta Air Lines's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. On average, equities research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Increases Dividend

The business also recently disclosed 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 is a boost from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $0.75 annualized dividend and a dividend yield of 1.50%. Delta Air Lines's dividend payout ratio (DPR) is presently 10.64%.

Delta Air Lines 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.