Jackson Hole Capital Partners LLC Grows Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Jackson Hole Capital Partners LLC grew its position in Delta Air Lines, Inc. (NYSE:DAL) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 22,029 shares of the transportation company’s stock after buying an additional 804 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Delta Air Lines were worth $886,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Morgan Stanley lifted its position in shares of Delta Air Lines by 8.7% in the third quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company’s stock valued at $401,048,000 after acquiring an additional 865,746 shares in the last quarter. Royal London Asset Management Ltd. lifted its position in Delta Air Lines by 17.1% during the third quarter. Royal London Asset Management Ltd. now owns 5,091,528 shares of the transportation company’s stock worth $188,514,000 after buying an additional 743,882 shares in the last quarter. Northern Trust Corp lifted its position in Delta Air Lines by 3.0% during the third quarter. Northern Trust Corp now owns 4,966,330 shares of the transportation company’s stock worth $183,754,000 after buying an additional 145,513 shares in the last quarter. Invesco Ltd. lifted its position in Delta Air Lines by 27.0% during the third quarter. Invesco Ltd. now owns 4,813,848 shares of the transportation company’s stock worth $178,112,000 after buying an additional 1,022,957 shares in the last quarter. Finally, U S Global Investors Inc. lifted its position in Delta Air Lines by 21.1% during the fourth quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company’s stock worth $178,400,000 after buying an additional 773,636 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of Delta Air Lines stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the completion of the sale, the executive vice president now directly owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Delta Air Lines news, EVP Alain Bellemare sold 24,073 shares of Delta Air Lines stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the completion of the sale, the executive vice president now directly owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the sale, the president now directly owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The disclosure for this sale can be found here. Insiders sold 195,913 shares of company stock valued at $8,897,335 in the last ninety days. Insiders own 0.89% of the company’s stock.

Delta Air Lines Trading Up 4.1 %

Shares of NYSE DAL traded up $1.96 during trading on Thursday, reaching $49.90. The stock had a trading volume of 12,938,428 shares, compared to its average volume of 10,887,830. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $49.94. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41. The business’s 50-day moving average price is $44.83 and its 200-day moving average price is $40.07. The company has a market cap of $32.20 billion, a P/E ratio of 6.41, a PEG ratio of 0.73 and a beta of 1.43.

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

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.80%. Delta Air Lines’s payout ratio is 5.14%.

Analyst Upgrades and Downgrades

DAL has been the topic of a number of analyst reports. Susquehanna lifted their price objective on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. UBS Group initiated coverage on Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 target price for the company. Morgan Stanley reissued an “overweight” rating and set a $85.00 target price on shares of Delta Air Lines in a research note on Thursday, April 11th. Finally, StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $58.29.

Delta Air Lines Company 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.