Tidal Investments LLC Cuts Stake in Delta Air Lines, Inc. (NYSE:DAL)

Tidal Investments LLC lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 13.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,833 shares of the transportation company's stock after selling 10,802 shares during the period. Tidal Investments LLC's holdings in Delta Air Lines were worth $4,346,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of DAL. New Wave Wealth Advisors LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter worth about $27,000. Hemington Wealth Management grew its stake 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 in the last quarter. Roxbury Financial LLC purchased a new stake in Delta Air Lines during the 4th quarter valued at about $29,000. Crews Bank & Trust purchased a new stake in Delta Air Lines during the 4th quarter valued at about $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake 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 in the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $50.11 on Wednesday. The firm's 50 day moving average price is $44.19 and its 200-day moving average price is $56.12. 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, Inc. has a one year low of $34.74 and a one year high of $69.98. The firm has a market cap of $32.72 billion, a P/E ratio of 9.40, a P/E/G ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The business's revenue was down 5.6% compared to the same quarter last year. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.20%. Delta Air Lines's dividend payout ratio is currently 10.64%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Delta Air Lines in a research note on Tuesday, May 13th. 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. Bank of America dropped their price objective on shares of 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. Citigroup dropped 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 note on Tuesday, March 18th. Finally, Barclays dropped their price objective on shares of 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. 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. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.08.

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.

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