USS Investment Management Ltd Has $6.70 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

USS Investment Management Ltd reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 23.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,605 shares of the transportation company's stock after selling 33,553 shares during the period. USS Investment Management Ltd's holdings in Delta Air Lines were worth $6,697,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Boston Partners acquired a new position in Delta Air Lines during the 4th quarter worth approximately $328,398,000. Norges Bank bought a new stake in Delta Air Lines during the 4th quarter worth about $152,342,000. Adage Capital Partners GP L.L.C. boosted its stake in shares of Delta Air Lines by 405.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,054,285 shares of the transportation company's stock worth $184,784,000 after buying an additional 2,449,874 shares during the last quarter. FMR LLC grew its holdings in shares of Delta Air Lines by 29.3% in the 4th quarter. FMR LLC now owns 9,955,818 shares of the transportation company's stock valued at $602,327,000 after acquiring an additional 2,254,560 shares in the last quarter. Finally, Sanders Capital LLC increased its position in shares of Delta Air Lines by 6.9% in the fourth quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company's stock valued at $1,800,754,000 after acquiring an additional 1,922,932 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Performance

Shares of DAL traded up $2.01 during trading hours on Tuesday, hitting $49.93. The company had a trading volume of 4,635,613 shares, compared to its average volume of 9,563,204. The business has a fifty day moving average of $44.30 and a 200-day moving average of $55.77. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The firm has a market cap of $32.60 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 0.75 and a beta of 1.46. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly 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). The company 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 quarter last year, the company posted $0.45 EPS. Equities analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be issued 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 1.20%. Delta Air Lines's payout ratio is currently 10.64%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Bank of America decreased their price target on 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. TD Cowen raised their target price on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, April 10th. UBS Group set a $66.00 target price on shares of Delta Air Lines and gave the stock a "buy" rating in a report on Monday, May 19th. Raymond James cut their price target on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Delta Air Lines in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus 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.