ProShare Advisors LLC Has $5.84 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

ProShare Advisors LLC increased its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,499 shares of the transportation company's stock after acquiring an additional 10,856 shares during the period. ProShare Advisors LLC's holdings in Delta Air Lines were worth $5,838,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DAL. Quantinno Capital Management LP lifted its holdings in shares of Delta Air Lines by 14.6% in the fourth quarter. Quantinno Capital Management LP now owns 68,404 shares of the transportation company's stock valued at $4,138,000 after purchasing an additional 8,702 shares in the last quarter. Mufg Securities Americas Inc. acquired a new position in Delta Air Lines during the fourth quarter worth $573,000. Man Group plc grew its position in shares of Delta Air Lines by 338.9% in the fourth quarter. Man Group plc now owns 231,518 shares of the transportation company's stock valued at $14,007,000 after purchasing an additional 178,769 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its position in shares of Delta Air Lines by 1.1% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 21,148 shares of the transportation company's stock valued at $1,296,000 after purchasing an additional 222 shares during the last quarter. Finally, NorthRock Partners LLC grew its position in shares of Delta Air Lines by 113.6% in the fourth quarter. NorthRock Partners LLC now owns 13,250 shares of the transportation company's stock valued at $802,000 after purchasing an additional 7,047 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Price Performance

Shares of NYSE DAL traded down $1.69 during trading hours on Wednesday, hitting $48.30. 8,014,208 shares of the stock were exchanged, compared to its average volume of 9,542,945. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The company has a market cap of $31.53 billion, a PE ratio of 9.06, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. The company's fifty day simple moving average is $44.22 and its two-hundred day simple moving average is $56.07. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted 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). The firm had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business's revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 EPS. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be given a $0.15 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.24%. Delta Air Lines's dividend payout ratio is currently 10.64%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DAL shares. UBS Group upgraded shares of Delta Air Lines from a "neutral" rating to a "buy" rating and increased their target price for the company from $46.00 to $66.00 in a research note on Monday. Barclays cut their target price on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. TD Cowen raised their price target on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, April 10th. StockNews.com lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Finally, Citigroup lowered their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $62.08.

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.