Delta Air Lines, Inc. (NYSE:DAL) Holdings Raised by AdvisorNet Financial Inc

AdvisorNet Financial Inc increased its stake in Delta Air Lines, Inc. (NYSE:DALFree Report) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,512 shares of the transportation company’s stock after purchasing an additional 495 shares during the quarter. AdvisorNet Financial Inc’s holdings in Delta Air Lines were worth $503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DAL. Norges Bank bought a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $60,640,000. Amundi increased its position in shares of Delta Air Lines by 79.5% during the 4th quarter. Amundi now owns 3,396,524 shares of the transportation company’s stock valued at $129,679,000 after purchasing an additional 1,504,544 shares during the period. AQR Capital Management LLC increased its position in shares of Delta Air Lines by 211.1% during the 1st quarter. AQR Capital Management LLC now owns 2,127,687 shares of the transportation company’s stock valued at $73,661,000 after purchasing an additional 1,443,810 shares during the period. Vanguard Group Inc. raised its stake in shares of Delta Air Lines by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 68,234,306 shares of the transportation company’s stock worth $2,700,032,000 after buying an additional 1,267,578 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Delta Air Lines by 27.0% in the third quarter. Invesco Ltd. now owns 4,813,848 shares of the transportation company’s stock valued at $178,112,000 after buying an additional 1,022,957 shares during the period. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

NYSE DAL opened at $48.22 on Tuesday. The company has a 50 day simple moving average of $41.89 and a 200-day simple moving average of $38.79. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $49.81. The firm has a market capitalization of $31.02 billion, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 0.78 and a beta of 1.43. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.39 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DALGet Free Report) last released its earnings results on Friday, January 12th. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. Delta Air Lines had a net margin of 7.94% and a return on equity of 46.35%. The company had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $13.55 billion. During the same quarter in the prior year, the firm earned $1.48 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. Equities research analysts predict that Delta Air Lines, Inc. will post 6.55 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 26th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.59%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. Morgan Stanley raised their target price on shares of Delta Air Lines from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, UBS Group initiated coverage on Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 price objective for the company. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $56.36.

Read Our Latest Stock Analysis on DAL

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 71,840 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the transaction, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at approximately $16,807,705.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.89% of the company’s stock.

Delta Air Lines Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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