Vontobel Holding Ltd. Buys 36,919 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Vontobel Holding Ltd. raised its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 90.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,562 shares of the transportation company's stock after purchasing an additional 36,919 shares during the period. Vontobel Holding Ltd.'s holdings in Delta Air Lines were worth $3,382,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. HighPoint Advisor Group LLC raised its stake in Delta Air Lines by 1.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company's stock worth $554,000 after acquiring an additional 155 shares in the last quarter. Continuum Advisory LLC grew its holdings in shares of Delta Air Lines by 44.2% during the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock valued at $35,000 after purchasing an additional 179 shares during the last quarter. Woodmont Investment Counsel LLC increased its position in Delta Air Lines by 0.5% during the 4th quarter. Woodmont Investment Counsel LLC now owns 41,790 shares of the transportation company's stock worth $2,528,000 after purchasing an additional 192 shares in the last quarter. Nemes Rush Group LLC increased its position in Delta Air Lines by 4.2% during the 4th quarter. Nemes Rush Group LLC now owns 4,860 shares of the transportation company's stock worth $294,000 after purchasing an additional 196 shares in the last quarter. Finally, Utah Retirement Systems lifted its stake in Delta Air Lines by 0.4% in the 4th quarter. Utah Retirement Systems now owns 52,725 shares of the transportation company's stock valued at $3,190,000 after purchasing an additional 200 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Susquehanna dropped 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. Barclays decreased their price target on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Sanford C. Bernstein set a $60.00 price target on shares of Delta Air Lines and gave the stock an "outperform" rating in a report on Wednesday, June 18th. Dbs Bank cut shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, The Goldman Sachs Group lowered their target price on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.67.

Delta Air Lines Stock Up 1.6%

Shares of Delta Air Lines stock traded up $0.80 during trading on Friday, hitting $50.93. The company's stock had a trading volume of 6,123,398 shares, compared to its average volume of 9,807,249. 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 capitalization of $33.25 billion, a PE ratio of 9.03, a P/E/G ratio of 2.36 and a beta of 1.49. The company has a fifty day simple moving average of $48.18 and a two-hundred day simple moving average of $53.08. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.33 and a current ratio of 0.38.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $12.98 billion during the quarter, compared to analysts' expectations of $13.85 billion. During the same period in the prior year, the firm earned $0.45 EPS. Delta Air Lines's revenue for the quarter was down 5.6% compared to the same quarter last year. Equities research analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Increases Dividend

The company also recently announced 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 represents a $0.75 annualized dividend and a yield of 1.47%. This is a boost from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, July 31st. Delta Air Lines's dividend payout ratio (DPR) is presently 10.64%.

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.