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

Hourglass Capital LLC grew its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 42.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 160,625 shares of the transportation company's stock after purchasing an additional 48,225 shares during the quarter. Delta Air Lines accounts for about 2.3% of Hourglass Capital LLC's holdings, making the stock its 8th biggest holding. Hourglass Capital LLC's holdings in Delta Air Lines were worth $8,158,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Armstrong Advisory Group Inc. raised its holdings in Delta Air Lines by 13.8% in the third quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company's stock valued at $84,000 after acquiring an additional 200 shares in the last quarter. Oakworth Capital Inc. raised its holdings in Delta Air Lines by 16.9% in the third quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company's stock valued at $72,000 after acquiring an additional 204 shares in the last quarter. Total Investment Management Inc. raised its holdings in Delta Air Lines by 3.0% in the third quarter. Total Investment Management Inc. now owns 7,357 shares of the transportation company's stock valued at $374,000 after acquiring an additional 212 shares in the last quarter. HBK Sorce Advisory LLC raised its holdings in Delta Air Lines by 4.0% in the first quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company's stock valued at $276,000 after acquiring an additional 221 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in Delta Air Lines by 6.0% in the third quarter. Van ECK Associates Corp now owns 4,198 shares of the transportation company's stock valued at $229,000 after acquiring an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 68,000 shares of the business's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the transaction, the chief executive officer now owns 439,819 shares in the company, valued at $24,775,004.27. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Delta Air Lines news, EVP Alain Bellemare sold 19,490 shares of the company's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $55.26, for a total value of $1,077,017.40. Following the completion of the transaction, the executive vice president now directly owns 121,961 shares of the company's stock, valued at $6,739,564.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 68,000 shares of the firm's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the sale, the chief executive officer now owns 439,819 shares of the company's stock, valued at $24,775,004.27. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,240 shares of company stock valued at $8,044,893 over the last 90 days. Corporate insiders own 0.96% of the company's stock.

Delta Air Lines Trading Up 1.1 %

Shares of NYSE DAL traded up $0.72 on Thursday, reaching $65.18. 3,814,455 shares of the company traded hands, compared to its average volume of 9,381,090. Delta Air Lines, Inc. has a fifty-two week low of $35.28 and a fifty-two week high of $66.21. The company has a 50 day moving average of $52.17 and a 200 day moving average of $48.51. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $42.06 billion, a PE ratio of 9.04, a P/E/G ratio of 1.22 and a beta of 1.33.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.02). The firm had revenue of $15.68 billion during the quarter, compared to analysts' expectations of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $2.03 earnings per share. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 6.07 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.92%. Delta Air Lines's dividend payout ratio (DPR) is 8.33%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DAL. Sanford C. Bernstein raised their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Tuesday, October 8th. BNP Paribas raised shares of Delta Air Lines to a "strong-buy" rating in a report on Thursday, September 19th. Bank of America lifted their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, October 11th. JPMorgan Chase & Co. lifted their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. Finally, Susquehanna boosted their target price on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a "positive" rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of "Buy" and an average target price of $70.23.

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.