Mackenzie Financial Corp Acquires 242,796 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Mackenzie Financial Corp grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 317.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 319,388 shares of the transportation company's stock after purchasing an additional 242,796 shares during the quarter. Mackenzie Financial Corp's holdings in Delta Air Lines were worth $19,323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines during the fourth quarter worth about $27,000. Hemington Wealth Management boosted its stake in shares of Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after acquiring an additional 154 shares during the period. Roxbury Financial LLC acquired a new position in shares of Delta Air Lines during the 4th quarter worth approximately $29,000. Crews Bank & Trust bought a new stake in Delta Air Lines in the 4th quarter valued at $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings 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 valued at $32,000 after purchasing an additional 431 shares during the last quarter. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock traded down $0.11 on Friday, reaching $48.39. 9,187,098 shares of the stock were exchanged, compared to its average volume of 9,611,929. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The firm has a market cap of $31.60 billion, a PE ratio of 9.08, a P/E/G ratio of 0.75 and a beta of 1.46. The firm's 50 day moving average is $44.38 and its 200-day moving average is $55.41. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines's quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.45 EPS. As a group, analysts anticipate 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 will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, May 13th. Delta Air Lines's dividend payout ratio is 10.64%.

Analyst Ratings Changes

Several equities analysts have commented on DAL shares. Wall Street Zen lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. TD Cowen upped their price target on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, April 10th. Raymond James lowered their price target on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 2nd. Barclays reduced their price objective on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Citigroup lowered their target price on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Three 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.