Mufg Securities Americas Inc. Purchases Shares of 9,465 Delta Air Lines, Inc. (NYSE:DAL)

Mufg Securities Americas Inc. purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,465 shares of the transportation company's stock, valued at approximately $573,000.

Several other hedge funds also recently added to or reduced their stakes in DAL. Boston Partners purchased a new stake in Delta Air Lines in the fourth quarter valued at $328,398,000. Norges Bank purchased a new stake in Delta Air Lines in the fourth quarter valued at $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 acquiring an additional 2,449,874 shares in the last quarter. FMR LLC boosted its stake in shares of Delta Air Lines by 29.3% during the 4th quarter. FMR LLC now owns 9,955,818 shares of the transportation company's stock worth $602,327,000 after acquiring an additional 2,254,560 shares in the last quarter. Finally, Sanders Capital LLC boosted its stake in shares of Delta Air Lines by 6.9% during the 4th quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company's stock worth $1,800,754,000 after acquiring an additional 1,922,932 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DAL shares. Sanford C. Bernstein reissued an "outperform" rating on shares of Delta Air Lines in a research note on Tuesday. The Goldman Sachs Group lowered their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Jefferies Financial Group reissued a "hold" rating and set a $46.00 target price (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. UBS Group increased their target price on shares of 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, StockNews.com lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $60.42.

Delta Air Lines Stock Down 0.6%

DAL opened at $50.29 on Friday. The company 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. 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, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a 50-day moving average price of $43.86 and a 200 day moving average price of $56.28.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings data 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 business 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 revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. Sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share 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. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.19%. Delta Air Lines's dividend payout ratio is currently 10.64%.

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.

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