QRG Capital Management Inc. Buys 153,565 Shares of Delta Air Lines, Inc. (NYSE:DAL)

QRG Capital Management Inc. grew its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 168.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 244,937 shares of the transportation company's stock after purchasing an additional 153,565 shares during the quarter. QRG Capital Management Inc.'s holdings in Delta Air Lines were worth $10,679,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Sagespring Wealth Partners LLC raised its holdings in Delta Air Lines by 26.1% in the 1st quarter. Sagespring Wealth Partners LLC now owns 5,730 shares of the transportation company's stock worth $250,000 after purchasing an additional 1,185 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Delta Air Lines by 5.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 161,395 shares of the transportation company's stock worth $7,037,000 after purchasing an additional 9,034 shares in the last quarter. Keystone Wealth Services LLC raised its holdings in Delta Air Lines by 18.6% in the 1st quarter. Keystone Wealth Services LLC now owns 5,800 shares of the transportation company's stock worth $253,000 after purchasing an additional 908 shares in the last quarter. Brighton Jones LLC raised its holdings in Delta Air Lines by 45.3% in the 1st quarter. Brighton Jones LLC now owns 13,326 shares of the transportation company's stock worth $581,000 after purchasing an additional 4,152 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in Delta Air Lines by 152.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 12,567 shares of the transportation company's stock worth $548,000 after purchasing an additional 7,586 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $49.46 on Tuesday. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company's 50-day moving average is $46.22 and its 200 day moving average is $54.24. The company has a market capitalization of $32.30 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 0.75 and a beta of 1.51. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 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 analysts' expectations 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 posted $0.45 earnings per share. Sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Tuesday, May 13th. Delta Air Lines's payout ratio is presently 10.64%.

Wall Street Analysts Forecast Growth

DAL has been the subject of several research reports. Bank of America decreased their price target on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Citigroup decreased their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. The Goldman Sachs Group decreased their price target on shares of 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. Jefferies Financial Group reiterated a "hold" rating and issued a $46.00 price target (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Finally, Susquehanna decreased their price target on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research note on Monday, April 7th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.

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