Wealth Enhancement Advisory Services LLC Raises Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,920 shares of the transportation company's stock after acquiring an additional 5,820 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Delta Air Lines were worth $5,440,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in shares of Delta Air Lines by 123.7% in the 4th quarter. Van ECK Associates Corp now owns 9,392 shares of the transportation company's stock worth $568,000 after purchasing an additional 5,194 shares in the last quarter. Jennison Associates LLC raised its stake in Delta Air Lines by 0.8% in the fourth quarter. Jennison Associates LLC now owns 894,143 shares of the transportation company's stock valued at $54,096,000 after buying an additional 7,364 shares during the last quarter. Empirical Finance LLC boosted its holdings in Delta Air Lines by 50.2% in the fourth quarter. Empirical Finance LLC now owns 33,207 shares of the transportation company's stock worth $2,009,000 after acquiring an additional 11,097 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Delta Air Lines by 44.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 30,879 shares of the transportation company's stock worth $1,868,000 after acquiring an additional 9,537 shares during the last quarter. Finally, Crestline Management LP increased its holdings in shares of Delta Air Lines by 147.6% during the fourth quarter. Crestline Management LP now owns 124,109 shares of the transportation company's stock valued at $7,509,000 after acquiring an additional 73,983 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. UBS Group set a $66.00 target price on shares of Delta Air Lines and gave the stock a "buy" rating in a research note on Monday, May 19th. Barclays lowered 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. The Goldman Sachs Group cut their target price on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Wall Street Zen lowered Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Finally, Citigroup dropped their price target on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Three 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. According to MarketBeat, Delta Air Lines has a consensus rating of "Moderate Buy" and an average price target of $62.08.

Delta Air Lines Stock Performance

Shares of DAL traded up $0.22 during mid-day trading on Wednesday, reaching $49.05. The company had a trading volume of 8,229,651 shares, compared to its average volume of 9,616,391. The stock has a market capitalization of $32.03 billion, a P/E ratio of 9.20, a PEG ratio of 0.75 and a beta of 1.51. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. The stock has a 50 day moving average of $44.45 and a two-hundred day moving average of $55.19. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (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 company's revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. On average, analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th were issued a $0.15 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. Delta Air Lines's payout ratio is 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.