Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Rhumbline Advisers

Rhumbline Advisers increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 11.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,138,149 shares of the transportation company's stock after purchasing an additional 117,048 shares during the quarter. Rhumbline Advisers owned 0.17% of Delta Air Lines worth $49,623,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hemington Wealth Management boosted its holdings in Delta Air Lines by 48.1% during the 4th 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 period. Roxbury Financial LLC purchased a new position in Delta Air Lines during the 4th quarter valued at about $29,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Delta Air Lines by 414.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock valued at $32,000 after acquiring an additional 431 shares during the period. Graney & King LLC purchased a new position in Delta Air Lines during the 4th quarter valued at about $34,000. Finally, Continuum Advisory LLC boosted its holdings in Delta Air Lines by 44.2% during the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock valued at $35,000 after acquiring an additional 179 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DAL. UBS Group set a $66.00 target price on Delta Air Lines and gave the company a "buy" rating in a report on Monday, May 19th. Jefferies Financial Group reiterated a "hold" rating and issued a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Dbs Bank cut Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Barclays decreased their price objective on 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. Finally, Bank of America decreased their price objective on 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. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $62.08.

Delta Air Lines Stock Down 0.4%

DAL stock traded down $0.20 during trading on Thursday, hitting $48.78. 7,397,049 shares of the company's stock were exchanged, compared to its average volume of 9,617,050. The business has a 50-day moving average price of $44.56 and a two-hundred day moving average price of $55.15. The stock has a market capitalization of $31.85 billion, a price-to-earnings ratio of 9.15, 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. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate 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 for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 EPS. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.23%. The ex-dividend date was Tuesday, May 13th. Delta Air Lines's dividend payout ratio (DPR) is 10.64%.

Delta Air Lines Company Profile

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.