Delta Air Lines, Inc. (NYSE:DAL) Stock Position Trimmed by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 586,759 shares of the transportation company's stock after selling 6,049 shares during the quarter. Retirement Systems of Alabama owned 0.09% of Delta Air Lines worth $25,583,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in DAL. Park Avenue Securities LLC increased its holdings in Delta Air Lines by 63.7% in the first quarter. Park Avenue Securities LLC now owns 24,276 shares of the transportation company's stock valued at $1,058,000 after buying an additional 9,445 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Delta Air Lines by 169.9% in the first quarter. Farther Finance Advisors LLC now owns 14,391 shares of the transportation company's stock valued at $610,000 after purchasing an additional 9,059 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Delta Air Lines by 123.7% during the 4th quarter. Van ECK Associates Corp now owns 9,392 shares of the transportation company's stock worth $568,000 after buying an additional 5,194 shares during the last quarter. Crestline Management LP boosted its holdings in shares of Delta Air Lines by 147.6% in the 4th quarter. Crestline Management LP now owns 124,109 shares of the transportation company's stock valued at $7,509,000 after buying an additional 73,983 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of 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 valued at $7,037,000 after buying an additional 9,034 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DAL has been the topic of a number of recent research reports. Susquehanna cut their target price on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating on the stock in a report on Monday, April 7th. Bank of America dropped their price objective on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Sanford C. Bernstein set a $60.00 target price on shares of Delta Air Lines and gave the stock an "outperform" rating in a research note on Wednesday. Barclays dropped their price target on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Raymond James Financial decreased their price objective on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 2nd. Three 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 company. Based on data from MarketBeat.com, Delta Air Lines currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.67.

Delta Air Lines Stock Down 0.7%

Shares of Delta Air Lines stock traded down $0.32 on Friday, hitting $47.24. 10,794,796 shares of the company's stock traded hands, compared to its average volume of 9,725,269. 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 firm's 50-day moving average is $46.63 and its 200 day moving average is $53.86. The stock has a market cap of $30.84 billion, a P/E ratio of 8.38, a PEG ratio of 2.39 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 posted 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 28.18% and a net margin of 5.91%. The firm had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. During the same quarter last year, the business posted $0.45 earnings per share. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. Equities analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, July 31st will be paid a dividend of $0.1875 per share. 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 yield of 1.59%. Delta Air Lines's dividend payout ratio is 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.