Robeco Institutional Asset Management B.V. Acquires Shares of 20,076 Delta Air Lines, Inc. (NYSE:DAL)

Robeco Institutional Asset Management B.V. acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 20,076 shares of the transportation company's stock, valued at approximately $875,000.

Several other hedge funds have also added to or reduced their stakes in DAL. Sequoia Financial Advisors LLC raised its stake in shares of Delta Air Lines by 16.3% during the first quarter. Sequoia Financial Advisors LLC now owns 18,916 shares of the transportation company's stock valued at $825,000 after acquiring an additional 2,645 shares during the last quarter. HBK Sorce Advisory LLC raised its position in Delta Air Lines by 77.1% during the 1st quarter. HBK Sorce Advisory LLC now owns 8,921 shares of the transportation company's stock worth $389,000 after purchasing an additional 3,884 shares during the last quarter. E&G Advisors LP raised its position in Delta Air Lines by 1.4% during the 1st quarter. E&G Advisors LP now owns 17,550 shares of the transportation company's stock worth $765,000 after purchasing an additional 250 shares during the last quarter. Lecap Asset Management Ltd. lifted its holdings in Delta Air Lines by 63.3% during the 1st quarter. Lecap Asset Management Ltd. now owns 18,949 shares of the transportation company's stock worth $826,000 after buying an additional 7,346 shares during the period. Finally, Moran Wealth Management LLC grew its position in shares of Delta Air Lines by 97.5% in the 1st quarter. Moran Wealth Management LLC now owns 164,971 shares of the transportation company's stock valued at $7,193,000 after buying an additional 81,453 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Up 1.6%

NYSE DAL traded up $0.80 on Thursday, hitting $50.93. 6,123,398 shares of the company were exchanged, compared to its average volume of 9,782,293. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.83. The company has a market cap of $33.25 billion, a PE ratio of 9.03, a PEG ratio of 2.48 and a beta of 1.49. The stock has a fifty day moving average of $48.00 and a 200-day moving average of $53.15. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a net margin of 5.91% and a return on equity of 28.18%. Delta Air Lines's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 EPS. As a group, analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, July 31st. This is a boost from Delta Air Lines's previous quarterly dividend of $0.15. Delta Air Lines's dividend payout ratio (DPR) is 13.30%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. TD Cowen raised their price objective on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, April 10th. Susquehanna decreased their target price on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research report on Monday, April 7th. Citigroup dropped their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. The Goldman Sachs Group reduced their price objective on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, Dbs Bank downgraded shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Three 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.67.

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.