Focus Partners Wealth Raises Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Focus Partners Wealth raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 84.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,878 shares of the transportation company's stock after purchasing an additional 16,404 shares during the quarter. Focus Partners Wealth's holdings in Delta Air Lines were worth $2,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eastern Bank grew its holdings in shares of Delta Air Lines by 793.8% during the 4th quarter. Eastern Bank now owns 715 shares of the transportation company's stock valued at $43,000 after purchasing an additional 635 shares during the last quarter. Miracle Mile Advisors LLC bought a new position in shares of Delta Air Lines in the fourth quarter worth approximately $244,000. Park Avenue Securities LLC raised its holdings in Delta Air Lines by 32.0% during the 4th quarter. Park Avenue Securities LLC now owns 14,831 shares of the transportation company's stock valued at $897,000 after buying an additional 3,593 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Delta Air Lines by 24.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,719 shares of the transportation company's stock valued at $286,000 after buying an additional 930 shares during the last quarter. Finally, Armstrong Advisory Group Inc. boosted its position in Delta Air Lines by 10.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company's stock valued at $110,000 after buying an additional 175 shares during the period. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DAL has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and set a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Bank of America cut their price objective on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Barclays reduced their target price on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. UBS Group raised their price target on Delta Air Lines from $42.00 to $46.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Finally, TD Cowen lifted their price target on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $60.42.

Delta Air Lines Stock Down 0.6%

DAL stock opened at $50.29 on Friday. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. 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 business has a 50 day moving average of $43.86 and a 200 day moving average of $56.28. The firm has a market cap of $32.84 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its 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 30.41% and a net margin of 5.61%. The firm had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. During the same quarter in the prior year, the company posted $0.45 EPS. The company's quarterly revenue was down 5.6% on a year-over-year basis. On average, research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders 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 dividend yield of 1.19%. 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.

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.