AdvisorNet Financial Inc Raises Holdings in Delta Air Lines, Inc. (NYSE:DAL)

AdvisorNet Financial Inc grew its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 34.4% during the first quarter, HoldingsChannel reports. The firm owned 3,438 shares of the transportation company’s stock after acquiring an additional 880 shares during the period. AdvisorNet Financial Inc’s holdings in Delta Air Lines were worth $150,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hemington Wealth Management grew its stake in shares of Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after buying an additional 154 shares during the period. Roxbury Financial LLC purchased a new position in Delta Air Lines in the fourth quarter valued at $29,000. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Delta Air Lines by 414.4% during 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 shares of Delta Air Lines in the 4th quarter valued at approximately $34,000. Finally, Continuum Advisory LLC lifted its holdings in Delta Air Lines by 44.2% during the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company’s stock worth $35,000 after buying an additional 179 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

DAL opened at $48.82 on Tuesday. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The business has a 50 day moving average price of $44.39 and a two-hundred day moving average price of $55.24. The company has a market capitalization of $31.88 billion, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.38). The firm had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. Research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th will be given a $0.15 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $0.60 annualized dividend and a yield of 1.23%. Delta Air Lines’s payout ratio is 10.64%.

Analysts Set New Price Targets

Several research analysts have commented on DAL shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Delta Air Lines in a research report on Tuesday, May 13th. Jefferies Financial Group reiterated a “hold” rating and set a $46.00 target price (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Citigroup decreased their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Raymond James reduced their price target on shares of 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. Finally, Susquehanna lowered their price target on Delta Air Lines from $80.00 to $50.00 and set a “positive” rating for the company in a report on Monday, April 7th. 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. According to MarketBeat.com, Delta Air Lines presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.08.

Delta Air Lines Company 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.