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Delta's stock drops 8.4% in Q1 despite beating earnings estimates and increasing its dividend.
Delta Air Lines shares fell 8.4% in Q1 as GLOBALT Investments sold 994 shares, reducing their holdings to 10,875 shares.
Meanwhile, Bank of New York Mellon Corp increased its holdings by 2,370,795 shares.
Delta reported $2.10 EPS, beating estimates, and announced a quarterly dividend of $0.1875 per share.
Institutional investors own 69.93% of the stock, and analysts rate it as a "Moderate Buy" with a target price of $66.21.
6 Articles
Las acciones de Delta cayeron un 8,4% en el primer trimestre a pesar de superar las estimaciones de ganancias y aumentar su dividendo.