Steamboat Capital Partners LLC Purchases Shares of 49,905 Delta Air Lines, Inc. (NYSE:DAL)

Steamboat Capital Partners LLC acquired a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,905 shares of the transportation company's stock, valued at approximately $3,019,000. Delta Air Lines accounts for approximately 0.9% of Steamboat Capital Partners LLC's investment portfolio, making the stock its 29th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DAL. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines during the 4th quarter valued at $27,000. Roxbury Financial LLC bought a new stake in shares of Delta Air Lines in the 4th quarter worth $29,000. Hemington Wealth Management lifted its holdings in shares of 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 buying an additional 154 shares during the period. Crews Bank & Trust bought a new position in Delta Air Lines during the fourth quarter valued at about $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in Delta Air Lines by 414.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after acquiring an additional 431 shares during the period. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Stock Performance

Shares of NYSE DAL traded down $0.64 during trading hours on Friday, hitting $47.86. 3,117,884 shares of the stock were exchanged, compared to its average volume of 11,335,192. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company's 50 day moving average is $44.26 and its 200 day moving average is $56.01. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The firm has a market capitalization of $31.25 billion, a P/E ratio of 8.98, a P/E/G ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its earnings results 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). The firm had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm's revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. On average, research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 annualized dividend and a yield of 1.25%. Delta Air Lines's payout ratio is 10.64%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DAL. 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 report on Tuesday, April 8th. Raymond James cut their target price on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 2nd. Bank of America reduced their target price 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. Citigroup dropped their price target on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Delta Air Lines in a report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines presently has an average rating of "Moderate Buy" and a consensus 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.