MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 36,157 Shares of Delta Air Lines, Inc. (NYSE:DAL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 31.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,869 shares of the transportation company's stock after selling 36,157 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Delta Air Lines were worth $4,711,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Delta Air Lines by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company's stock valued at $4,380,820,000 after acquiring an additional 456,465 shares during the last quarter. Sanders Capital LLC raised its stake in shares of Delta Air Lines by 6.9% in the fourth quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company's stock worth $1,800,754,000 after purchasing an additional 1,922,932 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Delta Air Lines by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company's stock worth $968,234,000 after purchasing an additional 410,648 shares during the last quarter. Capital World Investors grew its holdings in shares of Delta Air Lines by 0.3% in the fourth quarter. Capital World Investors now owns 15,180,467 shares of the transportation company's stock valued at $918,419,000 after acquiring an additional 46,101 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Delta Air Lines by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,090,209 shares of the transportation company's stock valued at $670,994,000 after purchasing an additional 92,208 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Trading Down 3.4%

Shares of DAL stock traded down $1.69 during trading hours on Wednesday, reaching $48.30. The company's stock had a trading volume of 8,014,208 shares, compared to its average volume of 9,542,945. The company has a current ratio of 0.37, a quick ratio of 0.32 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 stock has a market capitalization of $31.53 billion, a P/E ratio of 9.06, a P/E/G ratio of 0.75 and a beta of 1.46. The firm's fifty day simple moving average is $44.19 and its 200 day simple moving average is $56.12.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced 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 net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $12.98 billion for the quarter, compared to analysts' expectations of $13.85 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. Delta Air Lines's quarterly revenue was down 5.6% compared to the same quarter last year. Equities research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.24%. Delta Air Lines's payout ratio is currently 10.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DAL shares. Citigroup reduced 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. StockNews.com lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. TD Cowen upped their target price on shares of Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, April 10th. Raymond James lowered their price target on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 2nd. Finally, Dbs Bank lowered Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Three research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $62.08.

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.