Delta Air Lines, Inc. (NYSE:DAL) Position Increased by Foundry Partners LLC

Foundry Partners LLC boosted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 23.0% during the 4th quarter, Holdings Channel reports. The firm owned 578,725 shares of the transportation company’s stock after acquiring an additional 108,060 shares during the quarter. Delta Air Lines comprises approximately 1.4% of Foundry Partners LLC’s investment portfolio, making the stock its 10th largest position. Foundry Partners LLC’s holdings in Delta Air Lines were worth $23,282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of DAL. Acadian Asset Management LLC purchased a new stake in Delta Air Lines during the 1st quarter worth approximately $217,000. Panagora Asset Management Inc. boosted its holdings in shares of Delta Air Lines by 41.8% in the 1st quarter. Panagora Asset Management Inc. now owns 25,838 shares of the transportation company’s stock valued at $1,022,000 after acquiring an additional 7,616 shares during the last quarter. APG Asset Management N.V. purchased a new stake in shares of Delta Air Lines in the 1st quarter valued at $243,000. Raymond James Trust N.A. boosted its holdings in shares of Delta Air Lines by 20.7% in the 1st quarter. Raymond James Trust N.A. now owns 9,918 shares of the transportation company’s stock valued at $392,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Cibc World Market Inc. boosted its holdings in shares of Delta Air Lines by 3.1% in the 1st quarter. Cibc World Market Inc. now owns 29,508 shares of the transportation company’s stock valued at $1,168,000 after acquiring an additional 891 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DAL shares. Susquehanna upped their price objective on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Bank of America boosted their target price on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, UBS Group began coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price for the company. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $58.29.

Delta Air Lines Price Performance

NYSE:DAL traded down $0.28 during trading hours on Friday, reaching $47.57. 9,271,692 shares of the company were exchanged, compared to its average volume of 11,945,066. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The stock’s 50-day moving average is $44.16 and its 200-day moving average is $39.77. The firm has a market cap of $30.70 billion, a PE ratio of 6.11, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $49.81.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The company had revenue of $13.75 billion during the quarter, compared to analysts’ expectations of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 26th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s dividend payout ratio (DPR) is 5.14%.

Insider Activity

In other news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $39.20, for a total value of $2,816,128.00. Following the completion of the sale, the chief executive officer now directly owns 428,768 shares in the company, valued at $16,807,705.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.89% of the company’s stock.

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.