Wesbanco Bank Inc. Has $998,000 Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Wesbanco Bank Inc. lowered its stake in Delta Air Lines, Inc. (NYSE:DAL) by 14.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,897 shares of the transportation company’s stock after selling 3,753 shares during the quarter. Wesbanco Bank Inc.’s holdings in Delta Air Lines were worth $998,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DAL. Boston Partners bought a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $328,398,000. Norges Bank bought a new stake in Delta Air Lines during the fourth quarter valued at $152,342,000. Adage Capital Partners GP L.L.C. boosted its position in shares of Delta Air Lines by 405.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,054,285 shares of the transportation company’s stock worth $184,784,000 after purchasing an additional 2,449,874 shares in the last quarter. FMR LLC boosted its position in shares of Delta Air Lines by 29.3% during the 4th quarter. FMR LLC now owns 9,955,818 shares of the transportation company’s stock worth $602,327,000 after purchasing an additional 2,254,560 shares in the last quarter. Finally, Sanders Capital LLC lifted its position in Delta Air Lines by 6.9% in the 4th quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company’s stock valued at $1,800,754,000 after acquiring an additional 1,922,932 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DAL shares. 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. Citigroup dropped their price target on shares of 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. Bank of America decreased their price objective on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Barclays decreased their price objective on shares of Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Wall Street Zen lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.08.

Delta Air Lines Stock Up 0.5%

Delta Air Lines stock opened at $51.20 on Tuesday. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The firm has a market capitalization of $33.43 billion, a price-to-earnings ratio of 9.61, a P/E/G ratio of 0.75 and a beta of 1.51. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The firm has a 50 day simple moving average of $44.99 and a 200 day simple moving average of $54.75.

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). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. During the same period in the previous year, the business earned $0.45 earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Tuesday, May 13th. Delta Air Lines’s dividend payout ratio is currently 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.