Polianta Ltd Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

Polianta Ltd acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 24,100 shares of the transportation company’s stock, valued at approximately $1,050,000.

Several other large investors have also recently added to or reduced their stakes in DAL. Brighton Jones LLC increased its position in Delta Air Lines by 33.5% during the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after buying an additional 2,302 shares during the period. Kestra Private Wealth Services LLC increased its position in Delta Air Lines by 2.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 22,380 shares of the transportation company’s stock worth $1,354,000 after buying an additional 474 shares during the period. Portfolio Design Labs LLC bought a new position in Delta Air Lines during the 4th quarter worth $223,000. Certuity LLC bought a new position in Delta Air Lines during the 4th quarter worth $212,000. Finally, Van ECK Associates Corp increased its position in Delta Air Lines by 123.7% during the 4th quarter. Van ECK Associates Corp now owns 9,392 shares of the transportation company’s stock worth $568,000 after buying an additional 5,194 shares during the period. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the topic of several analyst reports. Raymond James reduced their target price on Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 2nd. Bank of America reduced their target price on Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Jefferies Financial Group reissued a “hold” rating and set a $46.00 target price (down from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. UBS Group set a $66.00 target price on Delta Air Lines and gave the stock a “buy” rating in a report on Monday, May 19th. Finally, Dbs Bank lowered Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines presently has an average rating of “Moderate Buy” and a consensus price target of $62.08.

Delta Air Lines Stock Performance

NYSE:DAL opened at $48.86 on Friday. The stock’s 50-day simple moving average is $45.72 and its 200 day simple moving average is $54.58. The firm has a market capitalization of $31.90 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 0.75 and a beta of 1.51. 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 twelve month low of $34.74 and a twelve month high of $69.98.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data 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 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%. The business’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.45 earnings per share. On average, analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Tuesday, May 13th. Delta Air Lines’s payout ratio is 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.