Gordian Capital Singapore Pte Ltd Acquires New Position in Delta Air Lines, Inc. (NYSE:DAL)

Gordian Capital Singapore Pte Ltd bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 28,900 shares of the transportation company’s stock, valued at approximately $1,748,000. Delta Air Lines accounts for approximately 0.9% of Gordian Capital Singapore Pte Ltd’s holdings, making the stock its 27th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Donoghue Forlines LLC bought a new stake in shares of Delta Air Lines in the 4th quarter valued at $2,036,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $3,593,000. Pacer Advisors Inc. increased its position in shares of Delta Air Lines by 69.4% during the fourth quarter. Pacer Advisors Inc. now owns 81,447 shares of the transportation company’s stock worth $4,928,000 after acquiring an additional 33,356 shares in the last quarter. Raleigh Capital Management Inc. lifted its position in Delta Air Lines by 206.2% in the 4th quarter. Raleigh Capital Management Inc. now owns 7,006 shares of the transportation company’s stock valued at $424,000 after acquiring an additional 4,718 shares in the last quarter. Finally, Merit Financial Group LLC boosted its stake in Delta Air Lines by 53.2% in the 4th quarter. Merit Financial Group LLC now owns 15,784 shares of the transportation company’s stock worth $955,000 after purchasing an additional 5,479 shares during the period. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the topic of a number of research reports. Barclays cut their price target on Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Raymond James cut their target price on 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. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Delta Air Lines in a research note on Tuesday, May 13th. Bank of America reduced their target price on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Finally, Dbs Bank lowered shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.08.

Delta Air Lines Stock Performance

NYSE DAL opened at $48.30 on Thursday. The stock has a market cap of $31.53 billion, a PE ratio of 9.06, a P/E/G ratio of 0.75 and a beta of 1.46. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The firm has a 50-day moving average of $44.22 and a 200-day moving average of $56.07. 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 issued its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.38). The company had revenue of $12.98 billion for the quarter, compared to analyst estimates 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 revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current 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 issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines’s dividend payout ratio is currently 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.