MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $9.76 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 35.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 223,906 shares of the transportation company's stock after buying an additional 58,699 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Delta Air Lines were worth $9,762,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. WASHINGTON TRUST Co grew its position in Delta Air Lines by 7.5% in the 4th 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 grew its position in 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 last quarter. Continuum Advisory LLC grew its position in Delta Air Lines by 44.2% in the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock worth $35,000 after purchasing an additional 179 shares during the last quarter. Woodmont Investment Counsel LLC grew its position in Delta Air Lines by 0.5% in the 4th quarter. Woodmont Investment Counsel LLC now owns 41,790 shares of the transportation company's stock worth $2,528,000 after purchasing an additional 192 shares during the last quarter. Finally, Nemes Rush Group LLC grew its position in Delta Air Lines by 4.2% in the 4th quarter. Nemes Rush Group LLC now owns 4,860 shares of the transportation company's stock worth $294,000 after purchasing an additional 196 shares during the last quarter. Institutional investors own 69.93% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. UBS Group set a $66.00 target price on shares of Delta Air Lines and gave the stock a "buy" rating in a research report on Monday, May 19th. Wall Street Zen cut shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Jefferies Financial Group reiterated a "hold" rating and issued a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Citigroup decreased their price objective 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, Raymond James decreased their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $62.08.

Delta Air Lines Price Performance

Delta Air Lines stock traded down $1.96 during mid-day trading on Friday, hitting $46.93. The company's stock had a trading volume of 12,931,042 shares, compared to its average volume of 9,674,531. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $30.64 billion, a P/E ratio of 8.80, a P/E/G ratio of 0.75 and a beta of 1.51. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The stock's fifty day moving average price is $45.94 and its two-hundred day moving average price is $54.40.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (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 business had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. During the same quarter last year, the firm posted $0.45 EPS. The company's quarterly revenue was down 5.6% compared to the same quarter last year. Research analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Tuesday, May 13th. Delta Air Lines's dividend payout ratio (DPR) is currently 10.64%.

About Delta Air Lines

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.