Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Hourglass Capital LLC

Hourglass Capital LLC boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 42.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 160,625 shares of the transportation company’s stock after purchasing an additional 48,225 shares during the quarter. Delta Air Lines comprises approximately 2.3% of Hourglass Capital LLC’s investment portfolio, making the stock its 8th largest position. Hourglass Capital LLC’s holdings in Delta Air Lines were worth $8,158,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Delta Air Lines in the 3rd quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of Delta Air Lines in the 3rd quarter worth $31,000. Kimelman & Baird LLC acquired a new stake in shares of Delta Air Lines in the 2nd quarter worth $31,000. Unique Wealth Strategies LLC acquired a new stake in shares of Delta Air Lines in the 2nd quarter worth $40,000. Finally, Quarry LP purchased a new position in shares of Delta Air Lines during the 2nd quarter worth $41,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein increased their price target on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. increased their price target on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Susquehanna increased their price target on Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a report on Wednesday, October 9th. Barclays increased their price target on Delta Air Lines from $52.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $67.73.

Insider Buying and Selling at Delta Air Lines

In other news, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Allison C. Ausband sold 7,510 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the sale, the executive vice president now owns 58,897 shares of the company’s stock, valued at approximately $3,688,130.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the sale, the senior vice president now directly owns 19,756 shares in the company, valued at $1,197,608.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,240 shares of company stock valued at $8,044,893 in the last quarter. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

DAL stock opened at $64.46 on Thursday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. The firm has a market capitalization of $41.59 billion, a P/E ratio of 8.95, a P/E/G ratio of 1.22 and a beta of 1.33. The business’s 50-day moving average is $51.72 and its two-hundred day moving average is $48.40. Delta Air Lines, Inc. has a 1 year low of $34.87 and a 1 year high of $65.74.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The company had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. Delta Air Lines’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.03 EPS. Analysts anticipate that Delta Air Lines, Inc. will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s dividend payout ratio is currently 8.33%.

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.