Ninety One SA PTY Ltd Makes New $2.47 Million Investment in Delta Air Lines, Inc. (NYSE:DAL)

Ninety One SA PTY Ltd purchased a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 56,670 shares of the transportation company's stock, valued at approximately $2,466,000.

Other large investors also recently modified their holdings of the company. 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 acquiring an additional 431 shares in the last quarter. Graney & King LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth about $34,000. Continuum Advisory LLC boosted its position in shares of Delta Air Lines by 44.2% during the fourth quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock worth $35,000 after buying an additional 179 shares during the period. Crowley Wealth Management Inc. acquired a new position in shares of Delta Air Lines during the fourth quarter worth about $45,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth about $46,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Up 1.1%

NYSE DAL traded up $0.56 during trading hours on Tuesday, hitting $50.56. 10,699,646 shares of the company traded hands, compared to its average volume of 9,821,337. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The stock has a market capitalization of $33.01 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 2.39 and a beta of 1.49. The business's 50-day moving average is $48.52 and its 200-day moving average is $52.84. 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 (NYSE:DAL - Get Free Report) last announced its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). The firm had revenue of $12.98 billion for the quarter, compared to the consensus estimate of $13.85 billion. Delta Air Lines had a return on equity of 28.18% and a net margin of 5.91%. Delta Air Lines's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.1875 per share. The ex-dividend date is Thursday, July 31st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.48%. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. Delta Air Lines's dividend payout ratio (DPR) is 10.64%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. The Goldman Sachs Group reduced their price objective on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Raymond James Financial reduced their price objective on 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. Wall Street Zen cut Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Jefferies Financial Group reaffirmed a "hold" rating and set a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Finally, TD Cowen upped their price objective on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.42.

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.