6,172 Shares in Delta Air Lines, Inc. (NYSE:DAL) Bought by United Advisor Group LLC

United Advisor Group LLC bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,172 shares of the transportation company's stock, valued at approximately $373,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. New Wave Wealth Advisors LLC bought a new position in shares of Delta Air Lines during the 4th quarter worth approximately $27,000. Hemington Wealth Management lifted its position 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 buying an additional 154 shares during the period. Roxbury Financial LLC bought a new position in shares of Delta Air Lines during the 4th quarter worth approximately $29,000. Crews Bank & Trust bought a new position in shares of Delta Air Lines during the 4th quarter worth approximately $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of 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 worth $32,000 after buying an additional 431 shares during the period. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Trading Down 0.2%

Shares of NYSE DAL traded down $0.08 during midday trading on Friday, hitting $48.42. The stock had a trading volume of 2,601,298 shares, compared to its average volume of 9,560,488. The company's 50-day simple moving average is $44.38 and its 200 day simple moving average is $55.58. The firm has a market cap of $31.62 billion, a P/E ratio of 9.08, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

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

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be paid 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 1.24%. Delta Air Lines's dividend payout ratio (DPR) is currently 10.64%.

Wall Street Analyst Weigh In

DAL has been the subject of a number of recent analyst reports. Wall Street Zen cut Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Raymond James dropped their price target on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 2nd. The Goldman Sachs Group dropped 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. Susquehanna dropped their price target on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a report on Monday, April 7th. Finally, Citigroup dropped their price target on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. 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's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.