New England Research & Management Inc. Acquires New Holdings in Delta Air Lines, Inc. (NYSE:DAL)

New England Research & Management Inc. purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 27,375 shares of the transportation company’s stock, valued at approximately $1,194,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAL. Hemington Wealth Management grew its stake in Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after buying an additional 154 shares in the last quarter. Roxbury Financial LLC purchased a new position in Delta Air Lines in the 4th quarter worth approximately $29,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in Delta Air Lines by 414.4% in the 4th 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 position in Delta Air Lines in the 4th quarter worth approximately $34,000. Finally, Continuum Advisory LLC grew its stake in Delta Air Lines by 44.2% in 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 in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 4.0%

NYSE:DAL opened at $46.93 on Friday. The company has a fifty day moving average of $45.94 and a 200 day moving average of $54.47. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $30.64 billion, a P/E ratio of 8.80, a P/E/G ratio of 0.75 and a beta of 1.51.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data 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 return on equity of 30.41% and a net margin of 5.61%. The company had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. During the same quarter last year, the company posted $0.45 earnings per share. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, research analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th were issued a $0.15 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $0.60 annualized dividend and a yield of 1.28%. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.64%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DAL. Sanford C. Bernstein restated an “outperform” rating on shares of Delta Air Lines in a report on Tuesday, May 13th. The Goldman Sachs Group lowered their price objective on shares of Delta Air Lines from $83.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Raymond James lowered their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 2nd. Jefferies Financial Group restated a “hold” rating and issued a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Finally, Barclays lowered 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 report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.08.

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.