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Mirae Asset Global Investments Co. Ltd. Acquires 6,387 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Delta Air Lines logo with Transportation background

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 9.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,547 shares of the transportation company's stock after purchasing an additional 6,387 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Delta Air Lines were worth $3,137,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DAL. Perpetual Ltd bought a new position in Delta Air Lines in the 1st quarter valued at $1,268,000. Robeco Institutional Asset Management B.V. bought a new position in Delta Air Lines in the first quarter valued at about $875,000. Sequoia Financial Advisors LLC increased its position in Delta Air Lines by 16.3% in the first quarter. Sequoia Financial Advisors LLC now owns 18,916 shares of the transportation company's stock worth $825,000 after purchasing an additional 2,645 shares during the period. HBK Sorce Advisory LLC lifted its position in Delta Air Lines by 77.1% during the 1st quarter. HBK Sorce Advisory LLC now owns 8,921 shares of the transportation company's stock valued at $389,000 after purchasing an additional 3,884 shares during the period. Finally, E&G Advisors LP boosted its stake in shares of Delta Air Lines by 1.4% in the 1st quarter. E&G Advisors LP now owns 17,550 shares of the transportation company's stock valued at $765,000 after purchasing an additional 250 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Trading Up 1.6%

Shares of Delta Air Lines stock traded up $0.80 on Thursday, hitting $50.93. The stock had a trading volume of 6,123,398 shares, compared to its average volume of 9,782,293. The firm has a market capitalization of $33.25 billion, a P/E ratio of 9.03, a PEG ratio of 2.48 and a beta of 1.49. The stock has a 50 day moving average of $48.00 and a 200 day moving average of $53.15. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.33 and a current ratio of 0.38. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its 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 5.91% and a return on equity of 28.18%. The firm had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. During the same quarter in the previous year, the firm earned $0.45 EPS. Delta Air Lines's quarterly revenue was down 5.6% on a year-over-year basis. Sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $0.75 annualized dividend and a dividend yield of 1.47%. This is a boost from Delta Air Lines's previous quarterly dividend of $0.15. Delta Air Lines's dividend payout ratio (DPR) is currently 13.30%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DAL. Wall Street Zen downgraded shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Susquehanna cut their price target on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a research note on Monday, April 7th. Sanford C. Bernstein set a $60.00 target price on shares of Delta Air Lines and gave the company an "outperform" rating in a research note on Wednesday, June 18th. UBS Group set a $66.00 price target on shares of Delta Air Lines and gave the company a "buy" rating in a research note on Monday, May 19th. Finally, Raymond James Financial decreased their target price on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.67.

Get Our Latest Report on DAL

Delta Air Lines Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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