Ninety One UK Ltd Has $144.27 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Ninety One UK Ltd raised its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 1,469.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,309,020 shares of the transportation company's stock after acquiring an additional 3,098,237 shares during the period. Ninety One UK Ltd owned about 0.51% of Delta Air Lines worth $144,273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DAL. Janney Montgomery Scott LLC boosted its position in shares of Delta Air Lines by 5.9% during the first quarter. Janney Montgomery Scott LLC now owns 161,395 shares of the transportation company's stock worth $7,037,000 after buying an additional 9,034 shares during the period. Exchange Traded Concepts LLC raised its stake in Delta Air Lines by 152.3% in the first quarter. Exchange Traded Concepts LLC now owns 12,567 shares of the transportation company's stock valued at $548,000 after buying an additional 7,586 shares during the period. Asset Management One Co. Ltd. raised its stake in Delta Air Lines by 21.2% in the first quarter. Asset Management One Co. Ltd. now owns 145,240 shares of the transportation company's stock valued at $6,332,000 after buying an additional 25,406 shares during the period. GAMMA Investing LLC raised its stake in Delta Air Lines by 3.7% in the first quarter. GAMMA Investing LLC now owns 9,585 shares of the transportation company's stock valued at $418,000 after buying an additional 344 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Delta Air Lines by 22.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 109,977 shares of the transportation company's stock valued at $4,795,000 after buying an additional 20,057 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

Shares of DAL traded up $0.56 during midday trading on Tuesday, hitting $50.56. The company's stock had a trading volume of 10,699,646 shares, compared to its average volume of 9,821,337. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company's fifty day simple moving average is $48.52 and its two-hundred day simple moving average is $52.84. The company has a quick ratio of 0.33, a current ratio of 0.38 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $33.01 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 2.39 and a beta of 1.49.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued 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 5.91% and a return on equity of 28.18%. The business had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. During the same quarter in the previous year, the business posted $0.45 EPS. The company's revenue for the quarter was down 5.6% on a year-over-year basis. As a group, equities 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, July 31st will be paid a $0.1875 dividend. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, July 31st. This represents a $0.75 annualized dividend and a dividend yield of 1.48%. Delta Air Lines's dividend payout ratio (DPR) is presently 10.64%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup lowered their target price on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Barclays lowered their target price on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group lowered their target price on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Wall Street Zen lowered Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Finally, TD Cowen increased their target price on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.