Handelsbanken Fonder AB Has $6.55 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Handelsbanken Fonder AB decreased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 150,159 shares of the transportation company’s stock after selling 4,797 shares during the period. Handelsbanken Fonder AB’s holdings in Delta Air Lines were worth $6,547,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp increased its stake in shares of Delta Air Lines by 123.7% in the fourth quarter. Van ECK Associates Corp now owns 9,392 shares of the transportation company’s stock worth $568,000 after purchasing an additional 5,194 shares during the period. Crestline Management LP boosted its holdings in Delta Air Lines by 147.6% during the fourth quarter. Crestline Management LP now owns 124,109 shares of the transportation company’s stock valued at $7,509,000 after purchasing an additional 73,983 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Delta Air Lines by 5.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,397,870 shares of the transportation company’s stock valued at $84,571,000 after purchasing an additional 67,929 shares in the last quarter. M&T Bank Corp boosted its holdings in Delta Air Lines by 10.0% during the fourth quarter. M&T Bank Corp now owns 62,906 shares of the transportation company’s stock valued at $3,806,000 after purchasing an additional 5,693 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in Delta Air Lines by 2.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 119,834 shares of the transportation company’s stock valued at $7,341,000 after purchasing an additional 3,070 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. Bank of America dropped their target price on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. UBS Group set a $66.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a research report on Monday, May 19th. Citigroup lowered 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. Finally, Raymond James lowered their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.08.

Delta Air Lines Trading Down 0.6%

Delta Air Lines stock opened at $48.86 on Friday. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company has a market cap of $31.90 billion, a price-to-earnings ratio of 9.17, a P/E/G ratio of 0.75 and a beta of 1.51. The firm has a 50-day moving average of $45.72 and a 200-day moving average of $54.58. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL) last issued its 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). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. During the same quarter last year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities 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 business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th were issued a $0.15 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $0.60 annualized dividend and a yield of 1.23%. Delta Air Lines’s dividend payout ratio is currently 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.