Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. boosted its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 109,291.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,127 shares of the transportation company's stock after buying an additional 13,115 shares during the period. NBC Securities Inc.'s holdings in Delta Air Lines were worth $572,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DAL. Brighton Jones LLC lifted its position in shares of Delta Air Lines by 33.5% during the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company's stock worth $555,000 after purchasing an additional 2,302 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Delta Air Lines by 5.4% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,264 shares of the transportation company's stock worth $500,000 after purchasing an additional 422 shares in the last quarter. DAVENPORT & Co LLC lifted its position in shares of Delta Air Lines by 1.2% during the fourth quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company's stock worth $865,000 after purchasing an additional 173 shares in the last quarter. Spire Wealth Management lifted its position in shares of Delta Air Lines by 14.3% during the fourth quarter. Spire Wealth Management now owns 3,330 shares of the transportation company's stock worth $201,000 after purchasing an additional 417 shares in the last quarter. Finally, Greenleaf Trust lifted its position in shares of Delta Air Lines by 4.5% during the fourth quarter. Greenleaf Trust now owns 12,387 shares of the transportation company's stock worth $749,000 after purchasing an additional 532 shares in the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Stock Down 0.4%

DAL traded down $0.20 on Thursday, reaching $48.78. The company's stock had a trading volume of 7,397,049 shares, compared to its average volume of 9,614,589. The stock has a 50 day moving average of $44.56 and a two-hundred day moving average of $55.15. 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 company has a market capitalization of $31.85 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 0.75 and a beta of 1.51. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98.

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 analysts' consensus estimates of $0.84 by ($0.38). The business had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. As a group, analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Tuesday, May 13th. Delta Air Lines's dividend payout ratio (DPR) is 10.64%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DAL. Bank of America reduced their price target on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Citigroup reduced their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. The Goldman Sachs Group reduced their price target on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Raymond James reduced 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 research report on Wednesday, April 2nd. Finally, Wall Street Zen lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $62.08.

Delta Air Lines Company 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.