Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC grew its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 108.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,874 shares of the transportation company's stock after purchasing an additional 17,090 shares during the quarter. Merit Financial Group LLC's holdings in Delta Air Lines were worth $1,433,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Hemington Wealth Management raised its position 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 in the last quarter. Roxbury Financial LLC purchased a new position in Delta Air Lines in the fourth quarter worth $29,000. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Delta Air Lines by 414.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after buying an additional 431 shares during the period. Graney & King LLC bought a new position in Delta Air Lines during the 4th quarter valued at approximately $34,000. Finally, Continuum Advisory LLC grew its stake in Delta Air Lines by 44.2% in the fourth 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 period. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Price Performance

Delta Air Lines stock traded up $2.14 during mid-day trading on Friday, hitting $50.98. 7,443,734 shares of the company traded hands, compared to its average volume of 9,623,485. The stock has a fifty day moving average price of $44.83 and a 200-day moving average price of $54.96. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The stock has a market cap of $33.29 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 0.75 and a beta of 1.51. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its 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). The company had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. Delta Air Lines's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share. On average, equities analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th were paid a $0.15 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.18%. Delta Air Lines's dividend payout ratio is currently 10.64%.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of recent research reports. Dbs Bank downgraded Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Bank of America dropped their target price on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. TD Cowen raised their price objective on shares of Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, April 10th. Raymond James cut their price target on 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. Finally, Wall Street Zen cut shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Delta Air Lines has a consensus 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.