Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 33.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,969 shares of the transportation company’s stock after selling 5,567 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Delta Air Lines were worth $478,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new position in shares of Delta Air Lines in the 4th quarter valued at $29,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Delta Air Lines by 414.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company’s stock valued at $32,000 after buying an additional 431 shares during the last quarter. Graney & King LLC purchased a new stake in shares of Delta Air Lines in the fourth quarter valued at about $34,000. Continuum Advisory LLC boosted 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. Finally, Crowley Wealth Management Inc. purchased a new position in shares of Delta Air Lines during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DAL. The Goldman Sachs Group decreased their price objective on Delta Air Lines from $83.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Bank of America lowered their price objective on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. TD Cowen boosted 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 note on Thursday, April 10th. UBS Group set a $66.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a research note on Monday, May 19th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $46.00 price target (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.08.

Delta Air Lines Trading Down 4.0%

Shares of Delta Air Lines stock opened at $46.93 on Friday. The company has a 50-day moving average of $45.94 and a two-hundred day moving average of $54.40. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $69.98. 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 stock has a market cap of $30.64 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 0.75 and a beta of 1.51.

Delta Air Lines (NYSE:DAL) last released 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 during the quarter, compared to analysts’ expectations of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. On average, research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.60 annualized dividend and a yield of 1.28%. Delta Air Lines’s dividend payout ratio (DPR) 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.