Siemens Fonds Invest GmbH Invests $952,000 in Delta Air Lines, Inc. (NYSE:DAL)

Siemens Fonds Invest GmbH purchased a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,740 shares of the transportation company's stock, valued at approximately $952,000.

Several other institutional investors and hedge funds have also modified their holdings of DAL. Boston Partners acquired a new stake in shares of Delta Air Lines in the 4th quarter valued at $328,398,000. Norges Bank acquired a new position in Delta Air Lines during the 4th quarter worth $152,342,000. Adage Capital Partners GP L.L.C. lifted its position in 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 during the last quarter. FMR LLC lifted its position in 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 during the last quarter. Finally, Sanders Capital LLC lifted its position in 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 during the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group raised shares of Delta Air Lines from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $46.00 to $66.00 in a research report on Monday. TD Cowen upped their price objective on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, April 10th. Citigroup cut their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Dbs Bank lowered shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $46.00 price objective (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines presently has an average rating of "Moderate Buy" and a consensus target price of $62.08.

Delta Air Lines Price Performance

NYSE DAL traded down $1.08 on Tuesday, reaching $50.11. The company's stock had a trading volume of 9,041,991 shares, compared to its average volume of 9,535,240. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The firm has a market cap of $32.72 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The business has a 50-day moving average price of $44.06 and a 200 day moving average price of $56.17.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 30.41% and a net margin of 5.61%. Delta Air Lines's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 earnings per share. Sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be given 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 1.20%. Delta Air Lines's payout ratio is 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.