NBC Securities Inc. Buys 13,115 Shares of Delta Air Lines, Inc. (NYSE:DAL)

NBC Securities Inc. boosted its stake in Delta Air Lines, Inc. (NYSE:DAL) by 109,291.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,127 shares of the transportation company’s stock after acquiring an additional 13,115 shares during the period. NBC Securities Inc.’s holdings in Delta Air Lines were worth $572,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Hemington Wealth Management lifted its stake in shares of Delta Air Lines by 48.1% during 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 in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Delta Air Lines during the 4th quarter valued at approximately $29,000. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Delta Air Lines by 414.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company’s stock valued at $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 during the 4th quarter valued at approximately $34,000. Finally, Continuum Advisory LLC lifted its stake in shares of Delta Air Lines by 44.2% during the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company’s stock valued at $35,000 after buying an additional 179 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Up 0.5%

Shares of NYSE DAL opened at $49.05 on Thursday. The stock has a market capitalization of $32.03 billion, a P/E ratio of 9.20, a PEG ratio of 0.75 and a beta of 1.51. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The firm’s 50 day simple moving average is $44.56 and its two-hundred day simple moving average is $55.15. 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 (NYSE:DAL) last released its 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 business had revenue of $12.98 billion for 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%. Delta Air Lines’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 EPS. As a group, analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed 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 1.22%. The ex-dividend date of this dividend was Tuesday, May 13th. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.64%.

Analysts Set New Price Targets

A number of analysts recently commented on DAL shares. Raymond James dropped 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 research note on Wednesday, April 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a $46.00 target price (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Citigroup lowered their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Dbs Bank lowered Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, Wall Street Zen cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. Three equities research 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 stock. Based on data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Moderate Buy” and an average price target of $62.08.

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.