Thurston Springer Miller Herd & Titak Inc. Purchases 687 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Thurston Springer Miller Herd & Titak Inc. raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 14.6% during the first quarter, Holdings Channel reports. The fund owned 5,406 shares of the transportation company’s stock after acquiring an additional 687 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Delta Air Lines were worth $236,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Hemington Wealth Management increased its position 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 buying an additional 154 shares in the last quarter. Roxbury Financial LLC purchased a new stake in Delta Air Lines in the fourth quarter worth about $29,000. Kayne Anderson Rudnick Investment Management LLC increased its position 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 buying an additional 431 shares in the last quarter. Graney & King LLC purchased a new stake in Delta Air Lines in the fourth quarter worth about $34,000. Finally, Continuum Advisory LLC increased its position in Delta Air Lines by 44.2% in 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 in the last quarter. Institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

DAL has been the subject of a number of analyst reports. Sanford C. Bernstein restated an “outperform” rating on shares of Delta Air Lines in a research report on Tuesday, May 13th. Jefferies Financial Group restated a “hold” rating and issued a $46.00 price target (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Bank of America reduced their price target on Delta Air Lines from $65.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Barclays cut 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. Finally, TD Cowen increased their target price on Delta Air Lines from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, April 10th. Three 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. Based on data from MarketBeat, Delta Air Lines has a consensus rating of “Moderate Buy” and a consensus price target of $62.08.

Delta Air Lines Stock Performance

NYSE DAL opened at $50.98 on Friday. The stock has a market capitalization of $33.29 billion, a PE ratio of 9.56, a P/E/G ratio of 0.75 and a beta of 1.51. The business has a 50 day simple moving average of $44.83 and a two-hundred day simple moving average of $54.96. 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.

Delta Air Lines (NYSE:DAL) last released its quarterly 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 firm had revenue of $12.98 billion for 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 quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS. On average, research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently declared 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. This represents a $0.60 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Tuesday, May 13th. Delta Air Lines’s dividend payout ratio is presently 10.64%.

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.