Jackson Hole Capital Partners LLC Acquires 804 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Jackson Hole Capital Partners LLC boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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.

Other large investors have also added to or reduced their stakes in the company. Morgan Stanley raised its holdings in Delta Air Lines by 8.7% during the 3rd quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company’s stock worth $401,048,000 after purchasing an additional 865,746 shares during the last quarter. Royal London Asset Management Ltd. grew its position in shares of Delta Air Lines by 17.1% during the 3rd 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 during the period. Northern Trust Corp grew its position in shares of Delta Air Lines by 3.0% during the 3rd 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 during the period. Invesco Ltd. grew its position in shares of Delta Air Lines by 27.0% during the 3rd 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 during the period. Finally, U S Global Investors Inc. grew its position in shares of Delta Air Lines by 21.1% during the 4th 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 during the period. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Delta Air Lines stock traded up $1.96 during midday 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 12 month low of $30.60 and a 12 month high of $49.94. The firm’s 50-day moving average price is $44.83 and its 200 day moving average price is $40.07. The firm has a market capitalization of $32.20 billion, a PE ratio of 6.41, a P/E/G ratio of 0.73 and a beta of 1.43. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $13.75 billion for the quarter, compared to analysts’ expectations of $12.51 billion. During the same period in the previous year, the business posted $0.25 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, research analysts predict that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

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

Insider Buying and Selling at Delta Air Lines

In other news, President Glen W. Hauenstein sold 100,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the completion of the transaction, the president now owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Glen W. Hauenstein sold 100,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the completion of the transaction, the president now owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alain Bellemare sold 24,073 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the transaction, the executive vice president now directly owns 141,451 shares of the company’s stock, valued at approximately $6,911,295.86. 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 quarter. 0.89% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DAL has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 price objective on shares of Delta Air Lines in a research report on Thursday, April 11th. Bank of America raised their price objective on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. Deutsche Bank Aktiengesellschaft raised their price objective on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating 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 research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $58.29.

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.