Compound Global Advisors LLC Takes $363,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

Compound Global Advisors LLC bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,000 shares of the transportation company's stock, valued at approximately $363,000. Delta Air Lines makes up 1.5% of Compound Global Advisors LLC's investment portfolio, making the stock its 29th largest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DAL. Crossmark Global Holdings Inc. boosted its position in shares of Delta Air Lines by 5.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company's stock worth $13,644,000 after acquiring an additional 13,802 shares in the last quarter. KBC Group NV boosted its position in shares of Delta Air Lines by 143.7% during the 3rd quarter. KBC Group NV now owns 56,611 shares of the transportation company's stock worth $2,876,000 after acquiring an additional 33,378 shares in the last quarter. Olstein Capital Management L.P. boosted its position in shares of Delta Air Lines by 32.6% during the 3rd quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company's stock worth $8,888,000 after acquiring an additional 43,000 shares in the last quarter. Donoghue Forlines LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $2,036,000. Finally, River Road Asset Management LLC boosted its position in shares of Delta Air Lines by 22.8% during the 3rd quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company's stock worth $6,634,000 after acquiring an additional 24,249 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

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Delta Air Lines Trading Up 2.1 %

Shares of DAL stock traded up $1.35 during trading hours on Friday, hitting $65.41. 6,046,263 shares of the company's stock traded hands, compared to its average volume of 8,219,538. The stock's 50 day simple moving average is $64.12 and its 200 day simple moving average is $55.38. The stock has a market cap of $42.21 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 0.80 and a beta of 1.36. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 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 - Get Free Report) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 earnings per share. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Thursday, February 27th. Delta Air Lines's dividend payout ratio is presently 11.26%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DAL shares. Citigroup increased their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Susquehanna raised their target price on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, January 7th. TD Cowen raised their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Finally, UBS Group restated a "buy" rating and issued a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $78.22.

Insider Buying and Selling

In related news, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the transaction, the executive vice president now owns 52,789 shares of the company's stock, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction on Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the transaction, the senior vice president now directly owns 19,756 shares of the company's stock, valued at $1,304,291.12. This represents a 29.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 162,886 shares of company stock valued at $11,116,463 over the last quarter. Insiders own 0.96% of the company's stock.

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.