Livforsakringsbolaget Skandia Omsesidigt Takes Position in Delta Air Lines, Inc. (NYSE:DAL)

Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 57,400 shares of the transportation company's stock, valued at approximately $2,501,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hemington Wealth Management raised its holdings in shares of Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after buying an additional 154 shares during the period. Roxbury Financial LLC acquired a new stake in Delta Air Lines during the 4th quarter worth approximately $29,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in Delta Air Lines by 414.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after acquiring an additional 431 shares during the period. Graney & King LLC acquired a new stake in shares of Delta Air Lines in the 4th quarter valued at approximately $34,000. Finally, Continuum Advisory LLC lifted its holdings 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 buying an additional 179 shares during the period. Institutional investors and hedge funds own 69.93% of the company's stock.

Delta Air Lines Price Performance

DAL traded down $2.51 during midday trading on Wednesday, reaching $49.17. 10,196,796 shares of the company's stock were exchanged, compared to its average volume of 9,650,935. The firm has a market capitalization of $32.11 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 0.75 and a beta of 1.51. 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 one year low of $34.74 and a one year high of $69.98. The business has a 50-day simple moving average of $45.25 and a two-hundred day simple moving average of $54.73.

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 net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. During the same period in the prior year, the business earned $0.45 EPS. The business's revenue for the quarter was down 5.6% on a year-over-year basis. As a group, research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.22%. Delta Air Lines's dividend payout ratio (DPR) is 10.64%.

Analyst Ratings Changes

Several research firms recently weighed in on DAL. TD Cowen raised their price objective on Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, April 10th. Citigroup lowered their price target on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Dbs Bank downgraded Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Sanford C. Bernstein restated an "outperform" rating on shares of Delta Air Lines in a research note on Tuesday, May 13th. Finally, Barclays cut their price target on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $62.08.

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.