Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 100.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 8,076 shares of the transportation company’s stock after acquiring an additional 4,046 shares during the period. Miracle Mile Advisors LLC’s holdings in Delta Air Lines were worth $352,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp raised its position in Delta Air Lines by 123.7% in the 4th quarter. Van ECK Associates Corp now owns 9,392 shares of the transportation company’s stock valued at $568,000 after purchasing an additional 5,194 shares in the last quarter. Crestline Management LP raised its position in Delta Air Lines by 147.6% in the 4th quarter. Crestline Management LP now owns 124,109 shares of the transportation company’s stock valued at $7,509,000 after purchasing an additional 73,983 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Delta Air Lines by 5.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,397,870 shares of the transportation company’s stock valued at $84,571,000 after purchasing an additional 67,929 shares in the last quarter. Entropy Technologies LP acquired a new stake in Delta Air Lines in the 4th quarter valued at about $1,353,000. Finally, M&T Bank Corp raised its position in Delta Air Lines by 10.0% in the 4th quarter. M&T Bank Corp now owns 62,906 shares of the transportation company’s stock valued at $3,806,000 after purchasing an additional 5,693 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Jefferies Financial Group reaffirmed 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. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Delta Air Lines in a research report on Tuesday, May 13th. TD Cowen increased their price target on Delta Air Lines from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, April 10th. Barclays reduced their price target on Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Citigroup cut their target price on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Delta Air Lines currently has a consensus rating of “Moderate Buy” and an average price target of $62.08.

Delta Air Lines Trading Up 1.0%

NYSE:DAL opened at $51.69 on Wednesday. The stock’s 50 day moving average price is $45.25 and its 200 day moving average price is $54.73. The company has a market capitalization of $33.75 billion, a PE ratio of 9.70, a P/E/G 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 52-week low of $34.74 and a 52-week 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 (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 30.41% and a net margin of 5.61%. The company’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 anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.16%. 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.