Jackson Hole Capital Partners LLC Buys 533 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Jackson Hole Capital Partners LLC increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,507 shares of the transportation company’s stock after acquiring an additional 533 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Delta Air Lines were worth $1,604,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its stake in shares of Delta Air Lines by 5.4% in the third quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock valued at $13,644,000 after buying an additional 13,802 shares in the last quarter. KBC Group NV lifted its stake in shares of Delta Air Lines by 143.7% in the third quarter. KBC Group NV now owns 56,611 shares of the transportation company’s stock valued at $2,876,000 after buying an additional 33,378 shares in the last quarter. Donoghue Forlines LLC bought a new position in shares of Delta Air Lines in the fourth quarter valued at $2,036,000. New Millennium Group LLC lifted its stake in shares of Delta Air Lines by 314.0% in the third quarter. New Millennium Group LLC now owns 36,460 shares of the transportation company’s stock valued at $1,852,000 after buying an additional 27,654 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Delta Air Lines by 2.8% in the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock valued at $789,452,000 after buying an additional 416,338 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Price Performance

DAL opened at $53.18 on Friday. The firm has a 50-day moving average price of $63.68 and a 200-day moving average price of $57.76. The company has a market capitalization of $34.38 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve month 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.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter in the previous year, the company earned $1.28 earnings per share. Delta Air Lines’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts expect 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 Thursday, March 20th. Stockholders of record on Thursday, February 27th will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. Delta Air Lines’s payout ratio is 11.26%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DAL shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. The Goldman Sachs Group reissued a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. Citigroup raised their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, UBS Group restated a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a report on Tuesday, November 26th. Fourteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Delta Air Lines currently has an average rating of “Buy” and an average price target of $78.22.

Insider Transactions at Delta Air Lines

In other news, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP William C. Carroll sold 6,783 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the sale, the senior vice president now owns 10,016 shares of the company’s stock, valued at approximately $660,455.04. The trade was a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is currently owned by insiders.

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.