Bristol John W & Co. Inc. NY Reduces Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Bristol John W & Co. Inc. NY decreased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,850,534 shares of the transportation company’s stock after selling 42,457 shares during the quarter. Delta Air Lines accounts for about 1.8% of Bristol John W & Co. Inc. NY’s investment portfolio, making the stock its 23rd largest position. Bristol John W & Co. Inc. NY owned approximately 0.29% of Delta Air Lines worth $111,957,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DAL. New Wave Wealth Advisors LLC bought a new stake in Delta Air Lines during the 4th quarter worth approximately $27,000. Roxbury Financial LLC bought a new stake in Delta Air Lines during the 4th quarter worth approximately $29,000. Hemington Wealth Management raised its stake in Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after acquiring an additional 154 shares during the period. Crews Bank & Trust bought a new stake in Delta Air Lines during the 4th quarter worth approximately $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in Delta Air Lines by 414.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company’s stock worth $32,000 after acquiring an additional 431 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

DAL has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their target price on shares of Delta Air Lines from $83.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. Raymond James decreased their target price on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 2nd. Barclays decreased their target price on shares of Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Citigroup decreased their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Finally, 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. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. 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 1.2%

Delta Air Lines stock opened at $47.91 on Monday. The stock has a market cap of $31.28 billion, a P/E ratio of 8.99, a PEG ratio of 0.75 and a beta of 1.46. 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, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The firm’s 50 day moving average price is $44.30 and its 200-day moving average price is $55.87.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data 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 company had revenue of $12.98 billion for the quarter, compared to the consensus estimate of $13.85 billion. During the same quarter in the previous year, the business earned $0.45 EPS. The company’s quarterly revenue was down 5.6% on a year-over-year basis. On average, equities analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, May 13th. Delta Air Lines’s dividend payout ratio 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.