Mercer Global Advisors Inc. ADV Purchases 6,589 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Mercer Global Advisors Inc. ADV lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,811 shares of the transportation company's stock after purchasing an additional 6,589 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Delta Air Lines were worth $3,921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Donoghue Forlines LLC bought a new position in Delta Air Lines during the 4th quarter worth approximately $2,036,000. Mount Yale Investment Advisors LLC bought a new position in Delta Air Lines in the fourth quarter worth approximately $3,593,000. Global Financial Private Client LLC increased its holdings in shares of Delta Air Lines by 562.0% during the fourth quarter. Global Financial Private Client LLC now owns 11,260 shares of the transportation company's stock valued at $681,000 after acquiring an additional 9,559 shares in the last quarter. BluePath Capital Management LLC raised its position in shares of Delta Air Lines by 23.9% during the fourth quarter. BluePath Capital Management LLC now owns 23,657 shares of the transportation company's stock worth $1,540,000 after purchasing an additional 4,567 shares during the period. Finally, Miracle Mile Advisors LLC bought a new position in shares of Delta Air Lines in the 4th quarter worth $244,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Down 0.5 %

Shares of NYSE DAL traded down $0.26 during trading on Friday, reaching $48.28. The company had a trading volume of 13,490,314 shares, compared to its average volume of 9,366,249. The business's 50-day moving average is $44.06 and its 200 day moving average is $56.38. 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 stock has a market cap of $31.52 billion, a PE ratio of 9.06, a P/E/G 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 released its quarterly earnings data 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 5.61% and a return on equity of 30.41%. The firm's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, May 13th. Delta Air Lines's payout ratio is currently 10.64%.

Insider Activity at Delta Air Lines

In other news, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the sale, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. The trade was a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.88% of the stock is currently owned by insiders.

Analyst Ratings Changes

DAL has been the topic of several recent research reports. Citigroup dropped their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Bank of America reduced their price target on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Susquehanna lowered their price target on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research note on Monday, April 7th. Raymond James dropped their target price on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 2nd. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $46.00 price target (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Four 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $61.37.

Delta Air Lines Company 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.