Toronto Dominion Bank Sells 1,905 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Toronto Dominion Bank decreased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 162,492 shares of the transportation company’s stock after selling 1,905 shares during the period. Toronto Dominion Bank’s holdings in Delta Air Lines were worth $9,831,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Shellback Capital LP acquired a new stake in Delta Air Lines in the 4th quarter worth $7,562,000. Siemens Fonds Invest GmbH acquired a new position in shares of Delta Air Lines during the fourth quarter valued at about $952,000. Rafferty Asset Management LLC lifted its stake in shares of Delta Air Lines by 9.1% in the fourth quarter. Rafferty Asset Management LLC now owns 78,720 shares of the transportation company’s stock valued at $4,763,000 after buying an additional 6,540 shares during the period. Raiffeisen Bank International AG acquired a new stake in Delta Air Lines during the fourth quarter worth about $84,000. Finally, ProShare Advisors LLC grew its position in Delta Air Lines by 12.7% during the fourth quarter. ProShare Advisors LLC now owns 96,499 shares of the transportation company’s stock worth $5,838,000 after buying an additional 10,856 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Down 2.1%

Shares of NYSE:DAL opened at $50.11 on Wednesday. The company’s fifty day moving average is $44.19 and its 200-day moving average is $56.12. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. 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 $32.72 billion, a PE ratio of 9.40, a P/E/G ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). The firm had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. Delta Air Lines’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 earnings per share. Equities research 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 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 dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.64%.

Analysts Set New Price Targets

Several research firms have commented on DAL. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Delta Air Lines in a report on Tuesday, May 13th. Susquehanna lowered their price objective on Delta Air Lines from $80.00 to $50.00 and set a “positive” rating on the stock in a research report on Monday, April 7th. Barclays reduced their target price on Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. TD Cowen lifted their price target on shares of Delta Air Lines from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, April 10th. Finally, Bank of America dropped their price objective on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines presently has an average rating of “Moderate Buy” and a consensus price target of $62.08.

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 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.