Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by First Heartland Consultants Inc.

First Heartland Consultants Inc. increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,377 shares of the transportation company’s stock after buying an additional 443 shares during the period. First Heartland Consultants Inc.’s holdings in Delta Air Lines were worth $689,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DAL. WASHINGTON TRUST Co increased its holdings in Delta Air Lines by 7.5% during the 4th quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company’s stock worth $130,000 after purchasing an additional 150 shares during the period. Hemington Wealth Management boosted its stake in shares of Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after buying an additional 154 shares during the period. HighPoint Advisor Group LLC grew its position in shares of Delta Air Lines by 1.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company’s stock worth $554,000 after buying an additional 155 shares in the last quarter. DAVENPORT & Co LLC increased its stake in shares of Delta Air Lines by 1.2% during the fourth quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company’s stock worth $865,000 after buying an additional 173 shares during the period. Finally, Continuum Advisory LLC increased its stake in shares of Delta Air Lines by 44.2% during the fourth quarter. Continuum Advisory LLC now owns 584 shares of the transportation company’s stock worth $35,000 after buying an additional 179 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on DAL. Sanford C. Bernstein reiterated an “outperform” rating on shares of Delta Air Lines in a report on Tuesday, May 13th. Jefferies Financial Group reiterated a “hold” rating and set a $46.00 target price (down previously from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Citigroup dropped their target price on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. Finally, TD Cowen increased their price objective on Delta Air Lines from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, April 10th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $62.08.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $48.30 on Thursday. The stock’s 50-day moving average is $44.22 and its two-hundred day moving average is $56.07. 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, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The firm has a market cap of $31.53 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). The firm 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 for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. Analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm 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 1.24%. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.64%.

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.