Siemens Fonds Invest GmbH Purchases New Shares in Delta Air Lines, Inc. (NYSE:DAL)

Siemens Fonds Invest GmbH acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,740 shares of the transportation company's stock, valued at approximately $952,000.

A number of other institutional investors have also recently bought and sold shares of the business. WASHINGTON TRUST Co boosted its holdings in Delta Air Lines by 7.5% in the 4th quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company's stock valued at $130,000 after purchasing an additional 150 shares during the period. Hemington Wealth Management lifted its holdings in shares of Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after acquiring an additional 154 shares during the period. HighPoint Advisor Group LLC lifted its holdings in shares of Delta Air Lines by 1.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company's stock worth $554,000 after acquiring an additional 155 shares during the period. DAVENPORT & Co LLC increased its stake in shares of Delta Air Lines by 1.2% in the 4th quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company's stock valued at $865,000 after purchasing an additional 173 shares during the last quarter. Finally, Continuum Advisory LLC increased its stake in shares of Delta Air Lines by 44.2% in the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock valued at $35,000 after purchasing an additional 179 shares during the last quarter. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Stock Up 0.9%

Shares of Delta Air Lines stock traded up $0.43 during trading hours on Monday, reaching $48.82. The company's stock had a trading volume of 8,105,984 shares, compared to its average volume of 9,605,952. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company has a market capitalization of $31.88 billion, a P/E ratio of 9.16, a P/E/G ratio of 0.75 and a beta of 1.46. The stock's fifty day simple moving average is $44.39 and its two-hundred day simple moving average is $55.24. 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 released its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. During the same period last year, the business posted $0.45 earnings per share. The firm's quarterly revenue was down 5.6% on a year-over-year basis. On average, research analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines's payout ratio is currently 10.64%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. The Goldman Sachs Group dropped their price objective 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. Raymond James decreased their price target on shares of 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. UBS Group set a $66.00 price target on shares of Delta Air Lines and gave the company a "buy" rating in a research report on Monday, May 19th. Jefferies Financial Group reiterated a "hold" rating and set a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Finally, Citigroup decreased their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Three research 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 company's stock. According to data from MarketBeat.com, Delta Air Lines presently has an average rating of "Moderate Buy" and an average price target of $62.08.

Delta Air Lines 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.