Everence Capital Management Inc. boosted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 100.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,855 shares of the transportation company’s stock after purchasing an additional 12,935 shares during the period. Everence Capital Management Inc.’s holdings in Delta Air Lines were worth $1,335,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Washington Trust Bank grew its position in Delta Air Lines by 141.3% during the first quarter. Washington Trust Bank now owns 485 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 284 shares in the last quarter. Kistler Tiffany Companies LLC purchased a new position in Delta Air Lines during the first quarter valued at approximately $26,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Delta Air Lines during the first quarter valued at approximately $26,000. Northwest Wealth Management LLC purchased a new position in Delta Air Lines during the first quarter valued at approximately $26,000. Finally, Paragon Capital Management LLC purchased a new position in Delta Air Lines during the first quarter valued at approximately $26,000. 91.23% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have issued reports on the stock. Bank of America cut shares of Delta Air Lines from a “buy” rating to a “neutral” rating and reduced their target price for the company from $62.00 to $51.00 in a research note on Monday, January 14th. Zacks Investment Research upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Monday, January 14th. Credit Suisse Group set a $67.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, January 16th. Vertical Research assumed coverage on shares of Delta Air Lines in a research note on Monday, February 4th. They issued a “hold” rating for the company. Finally, Deutsche Bank cut shares of Delta Air Lines from a “buy” rating to a “hold” rating and set a $49.58 target price for the company. in a research note on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Delta Air Lines currently has a consensus rating of “Buy” and an average price target of $66.09.
Shares of Delta Air Lines stock opened at $54.80 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 1.05. Delta Air Lines, Inc. has a 1-year low of $45.08 and a 1-year high of $61.32. The firm has a market capitalization of $37.09 billion, a PE ratio of 9.70, a PEG ratio of 0.68 and a beta of 1.13.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, April 10th. The transportation company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.06. Delta Air Lines had a net margin of 9.09% and a return on equity of 30.10%. The business had revenue of $10.47 billion during the quarter, compared to analysts’ expectations of $10.39 billion. During the same period in the previous year, the company earned $0.74 earnings per share. As a group, analysts anticipate that Delta Air Lines, Inc. will post 6.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 2nd will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Wednesday, May 1st. Delta Air Lines’s payout ratio is 24.78%.
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About Delta Air Lines
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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.
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