Strategic Blueprint LLC Reduces Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Strategic Blueprint LLC lowered its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,768 shares of the transportation company's stock after selling 5,606 shares during the quarter. Strategic Blueprint LLC's holdings in Delta Air Lines were worth $4,306,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DAL. Kayne Anderson Rudnick Investment Management LLC grew 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 purchasing an additional 431 shares during the last quarter. Graney & King LLC bought a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $34,000. Continuum Advisory LLC raised its holdings in shares of Delta Air Lines by 44.2% in the fourth quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock worth $35,000 after buying an additional 179 shares during the period. Crowley Wealth Management Inc. purchased a new stake in shares of Delta Air Lines in the fourth quarter worth approximately $45,000. Finally, Millstone Evans Group LLC purchased a new position in Delta Air Lines during the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 69.93% of the company's stock.

Delta Air Lines Stock Up 1.6%

Shares of DAL traded up $0.80 during trading hours on Friday, hitting $50.93. The company had a trading volume of 6,123,398 shares, compared to its average volume of 9,807,249. 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 capitalization of $33.25 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 2.39 and a beta of 1.49. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company's fifty day moving average price is $48.18 and its two-hundred day moving average price is $53.08.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its 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 the consensus estimate of $13.85 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The business's revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st will be issued a $0.1875 dividend. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. This represents a $0.75 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, July 31st. Delta Air Lines's payout ratio is currently 10.64%.

Wall Street Analyst Weigh In

DAL has been the subject of several research analyst reports. Susquehanna decreased their target price on 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. UBS Group set a $66.00 target price on shares of Delta Air Lines and gave the stock a "buy" rating in a research note on Monday, May 19th. Bank of America reduced their target price on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. The Goldman Sachs Group lowered their price target on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, Dbs Bank cut Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $61.67.

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.