OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 41,293 Shares of Delta Air Lines, Inc. (NYSE:DAL)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 25.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 203,684 shares of the transportation company’s stock after acquiring an additional 41,293 shares during the period. Delta Air Lines accounts for approximately 1.0% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings, making the stock its 28th biggest holding. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Delta Air Lines were worth $12,323,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. New Wave Wealth Advisors LLC bought a new position in shares of Delta Air Lines in the 4th quarter valued at about $27,000. Roxbury Financial LLC bought a new stake in Delta Air Lines in the fourth quarter worth about $29,000. Hemington Wealth Management lifted its stake in Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares during the last quarter. Crews Bank & Trust bought a new stake in Delta Air Lines in the fourth quarter worth about $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in 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 worth $32,000 after purchasing an additional 431 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $51.21 on Tuesday. The firm has a 50 day moving average of $43.95 and a 200 day moving average of $56.38. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The company has a market capitalization of $33.43 billion, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL) last announced its earnings results 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 business had revenue of $12.98 billion for the quarter, compared to analysts’ expectations of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. On average, sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.64%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DAL. Raymond James decreased 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 note on Wednesday, April 2nd. TD Cowen lifted their price target 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 lifted their price target on shares of Delta Air Lines from $42.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. The Goldman Sachs Group decreased their price target on shares of Delta Air Lines from $83.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Finally, Susquehanna decreased their price target on shares of Delta Air Lines from $80.00 to $50.00 and set a “positive” rating for the company in a research note on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.37.

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.