U.S. Capital Wealth Advisors LLC Boosts Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

U.S. Capital Wealth Advisors LLC lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 18.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,397 shares of the transportation company's stock after buying an additional 13,842 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Delta Air Lines were worth $3,941,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Olistico Wealth LLC bought a new position in Delta Air Lines during the first quarter worth $47,000. Concurrent Investment Advisors LLC boosted its stake in Delta Air Lines by 2.0% during the first quarter. Concurrent Investment Advisors LLC now owns 12,754 shares of the transportation company's stock worth $556,000 after acquiring an additional 255 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Delta Air Lines by 66.9% during the first quarter. Bank of New York Mellon Corp now owns 5,915,545 shares of the transportation company's stock worth $257,918,000 after acquiring an additional 2,370,795 shares in the last quarter. Global Wealth Management Investment Advisory Inc. boosted its stake in Delta Air Lines by 8.4% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 34,009 shares of the transportation company's stock worth $1,483,000 after acquiring an additional 2,626 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in Delta Air Lines by 45,169.7% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 221,369 shares of the transportation company's stock worth $9,652,000 after acquiring an additional 220,880 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DAL has been the subject of a number of analyst reports. The Goldman Sachs Group reduced 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 report on Wednesday, April 2nd. Susquehanna reduced their price objective on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a report on Monday, April 7th. Bank of America reduced 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 report on Thursday, April 3rd. Dbs Bank cut shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, UBS Group reduced their price objective on shares of Delta Air Lines from $66.00 to $63.00 and set a "buy" rating for the company in a report on Monday. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.42.

Delta Air Lines Stock Up 1.1%

Shares of DAL traded up $0.56 during trading hours on Tuesday, reaching $50.56. 10,699,646 shares of the stock traded hands, compared to its average volume of 10,946,287. 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 stock has a fifty day simple moving average of $48.52 and a 200 day simple moving average of $52.84. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The company has a market cap of $33.01 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 2.39 and a beta of 1.49.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly 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 the consensus estimate of $13.85 billion. Delta Air Lines had a net margin of 5.91% and a return on equity of 28.18%. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. On average, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st will be given a $0.1875 dividend. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, July 31st. This represents a $0.75 annualized dividend and a yield of 1.48%. Delta Air Lines's payout ratio is currently 10.64%.

About Delta Air Lines

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.