Polianta Ltd acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 24,100 shares of the transportation company's stock, valued at approximately $1,050,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Delta Air Lines by 33.5% during the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company's stock valued at $555,000 after buying an additional 2,302 shares during the period. Kestra Private Wealth Services LLC boosted its stake in shares of Delta Air Lines by 2.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 22,380 shares of the transportation company's stock worth $1,354,000 after purchasing an additional 474 shares during the period. Portfolio Design Labs LLC bought a new position in Delta Air Lines during the 4th quarter valued at about $223,000. Certuity LLC bought a new stake in Delta Air Lines in the fourth quarter worth about $212,000. Finally, Van ECK Associates Corp boosted its position in shares of Delta Air Lines by 123.7% during the fourth quarter. Van ECK Associates Corp now owns 9,392 shares of the transportation company's stock valued at $568,000 after buying an additional 5,194 shares during the period. 69.93% of the stock is currently owned by institutional investors.
Delta Air Lines Stock Down 4.0%
Shares of Delta Air Lines stock traded down $1.96 during trading on Friday, reaching $46.93. The company's stock had a trading volume of 12,931,042 shares, compared to its average volume of 9,685,117. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The company has a 50-day simple moving average of $45.72 and a two-hundred day simple moving average of $54.58. 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 cap of $30.64 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 0.75 and a beta of 1.51.
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 for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). The business had revenue of $12.98 billion for the quarter, compared to analysts' expectations of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. Delta Air Lines's revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.
Delta Air Lines Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Tuesday, May 13th. Delta Air Lines's payout ratio is 10.64%.
Analyst Ratings Changes
DAL has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their price target on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Dbs Bank downgraded shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Barclays lowered their price objective on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Citigroup reduced their target price 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. Finally, Raymond James lowered their price target on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $62.08.
Read Our Latest Stock Report on DAL
About Delta Air Lines
(
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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