NorthRock Partners LLC Has $802,000 Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

NorthRock Partners LLC lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 113.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,250 shares of the transportation company's stock after purchasing an additional 7,047 shares during the period. NorthRock Partners LLC's holdings in Delta Air Lines were worth $802,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DAL. Eastern Bank raised its position in shares of Delta Air Lines by 793.8% during the fourth quarter. Eastern Bank now owns 715 shares of the transportation company's stock worth $43,000 after purchasing an additional 635 shares during the period. Miracle Mile Advisors LLC acquired a new position in Delta Air Lines during the fourth quarter valued at $244,000. Park Avenue Securities LLC raised its position in Delta Air Lines by 32.0% during the fourth 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 period. Thurston Springer Miller Herd & Titak Inc. raised its position in Delta Air Lines by 24.5% during the fourth 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 period. Finally, Armstrong Advisory Group Inc. raised its position in Delta Air Lines by 10.6% during the fourth 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 owned by institutional investors and hedge funds.

Delta Air Lines Stock Up 0.5%

Shares of DAL traded up $0.23 during trading hours on Monday, hitting $51.15. 8,089,070 shares of the company were exchanged, compared to its average volume of 9,516,898. The company has a market cap of $33.40 billion, a PE ratio of 9.60, a PEG ratio of 0.75 and a beta of 1.46. The firm's 50 day moving average is $43.94 and its 200-day moving average is $56.22. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

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

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be given 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 1.17%. Delta Air Lines's dividend payout ratio is presently 10.64%.

Analysts Set New Price Targets

DAL has been the topic of several research reports. Raymond James dropped their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 2nd. Dbs Bank downgraded shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Sanford C. Bernstein reissued an "outperform" rating on shares of Delta Air Lines in a research report on Tuesday, May 13th. Barclays lowered 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. Finally, TD Cowen raised their price target on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $62.08.

About Delta Air Lines

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.