Foundry Partners LLC Has $23.28 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

Foundry Partners LLC raised its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 23.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 578,725 shares of the transportation company's stock after purchasing an additional 108,060 shares during the period. Delta Air Lines accounts for 1.4% of Foundry Partners LLC's investment portfolio, making the stock its 10th biggest position. Foundry Partners LLC owned about 0.09% of Delta Air Lines worth $23,282,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Delta Air Lines by 495.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company's stock valued at $25,000 after purchasing an additional 570 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in Delta Air Lines in the fourth quarter worth $28,000. Venturi Wealth Management LLC grew its position in Delta Air Lines by 396.6% in the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company's stock worth $29,000 after acquiring an additional 575 shares in the last quarter. Moisand Fitzgerald Tamayo LLC grew its position in Delta Air Lines by 55.2% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company's stock worth $32,000 after acquiring an additional 311 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Delta Air Lines in the third quarter worth $35,000. 69.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DAL has been the subject of several research reports. Morgan Stanley reiterated an "overweight" rating and issued a $85.00 target price on shares of Delta Air Lines in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, April 11th. TheStreet upgraded shares of Delta Air Lines from a "c+" rating to a "b-" rating in a research report on Thursday, January 4th. StockNews.com lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Thursday, February 22nd. Finally, UBS Group initiated coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They issued a "buy" rating and a $59.00 price target for the company. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $58.29.

Delta Air Lines Trading Down 0.6 %

Shares of NYSE:DAL traded down $0.28 during midday trading on Friday, hitting $47.57. 9,271,692 shares of the stock traded hands, compared to its average volume of 11,945,066. The stock has a market capitalization of $30.70 billion, a PE ratio of 6.11, a P/E/G ratio of 0.71 and a beta of 1.43. The business's 50 day moving average is $44.16 and its two-hundred day moving average is $39.77. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $49.81.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. The firm had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 earnings per share. As a group, research analysts forecast that Delta Air Lines, Inc. will post 6.52 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date was Friday, February 23rd. Delta Air Lines's payout ratio is currently 5.14%.

Insider Buying and Selling

In related news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.20, for a total value of $2,816,128.00. Following the completion of the transaction, the chief executive officer now directly owns 428,768 shares of the company's stock, valued at $16,807,705.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.89% of the stock is owned by insiders.

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.

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