17,571 Shares in Delta Air Lines, Inc. (NYSE:DAL) Purchased by Lederer & Associates Investment Counsel CA

Lederer & Associates Investment Counsel CA acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 17,571 shares of the transportation company's stock, valued at approximately $766,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in shares of Delta Air Lines by 69.4% in the 4th quarter. Pacer Advisors Inc. now owns 81,447 shares of the transportation company's stock valued at $4,928,000 after buying an additional 33,356 shares in the last quarter. Mediolanum International Funds Ltd boosted its stake in Delta Air Lines by 12.0% in the fourth quarter. Mediolanum International Funds Ltd now owns 216,381 shares of the transportation company's stock valued at $13,106,000 after acquiring an additional 23,169 shares in the last quarter. TriaGen Wealth Management LLC acquired a new stake in Delta Air Lines in the fourth quarter valued at approximately $423,000. KBC Group NV boosted its stake in Delta Air Lines by 27.8% in the fourth quarter. KBC Group NV now owns 72,377 shares of the transportation company's stock valued at $4,379,000 after acquiring an additional 15,766 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in Delta Air Lines by 123.7% in the fourth quarter. Van ECK Associates Corp now owns 9,392 shares of the transportation company's stock valued at $568,000 after acquiring an additional 5,194 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Susquehanna lowered their price target on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a report on Monday, April 7th. Barclays lowered their price objective on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen downgraded shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. UBS Group set a $66.00 price objective on shares of Delta Air Lines and gave the stock a "buy" rating in a research note on Monday, May 19th. Finally, Dbs Bank downgraded Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. 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's stock. According to data from MarketBeat.com, Delta Air Lines has an average rating of "Moderate Buy" and an average price target of $62.08.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock traded down $0.11 during mid-day trading on Friday, reaching $48.39. 9,187,098 shares of the stock traded hands, compared to its average volume of 9,604,605. The business has a 50-day moving average of $44.38 and a 200 day moving average of $55.47. The stock has a market capitalization of $31.60 billion, a PE ratio of 9.08, a PEG ratio of 0.75 and a beta of 1.46. 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 fifty-two week low of $34.74 and a fifty-two week high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last released 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 business had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm's revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. On average, analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.24%. 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.