Regent Peak Wealth Advisors LLC Buys Shares of 87,300 Delta Air Lines, Inc. (NYSE:DAL)

Regent Peak Wealth Advisors LLC bought a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 87,300 shares of the transportation company's stock, valued at approximately $3,806,000. Delta Air Lines comprises 0.9% of Regent Peak Wealth Advisors LLC's portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hemington Wealth Management grew its position in Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after acquiring an additional 154 shares during the last quarter. Roxbury Financial LLC acquired a new position in Delta Air Lines in the fourth quarter valued at approximately $29,000. Kayne Anderson Rudnick Investment Management LLC lifted its stake in 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 valued at $32,000 after buying an additional 431 shares during the period. Graney & King LLC acquired a new position in Delta Air Lines in the fourth quarter valued at approximately $34,000. Finally, Continuum Advisory LLC raised 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 purchasing an additional 179 shares during the period. Institutional investors own 69.93% of the company's stock.

Analysts Set New Price Targets

DAL has been the subject of several recent research reports. Bank of America decreased their price target on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. TD Cowen upped their price target on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, April 10th. Jefferies Financial Group reiterated a "hold" rating and set a $46.00 price target (down previously from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Dbs Bank downgraded Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Delta Air Lines in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.08.

Delta Air Lines Stock Performance

Shares of DAL opened at $50.98 on Friday. 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 business has a 50-day simple moving average of $44.83 and a two-hundred day simple moving average of $54.90. The stock has a market cap of $33.29 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.75 and a beta of 1.51. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $12.98 billion during the quarter, compared to analysts' expectations of $13.85 billion. During the same quarter in the previous year, the company earned $0.45 EPS. The business's quarterly revenue was down 5.6% compared to the same quarter last year. On average, analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current 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 $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.18%. Delta Air Lines's dividend payout ratio is presently 10.64%.

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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