Hourglass Capital LLC Has $4.68 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

Hourglass Capital LLC lowered its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 51.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,370 shares of the transportation company's stock after selling 83,255 shares during the period. Hourglass Capital LLC's holdings in Delta Air Lines were worth $4,681,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. boosted its position in Delta Air Lines by 5.4% during the third quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company's stock worth $13,644,000 after purchasing an additional 13,802 shares during the period. KBC Group NV boosted its position 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 acquiring an additional 33,378 shares during the period. Olstein Capital Management L.P. boosted its position in shares of Delta Air Lines by 32.6% in the third quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company's stock valued at $8,888,000 after acquiring an additional 43,000 shares during the period. Donoghue Forlines LLC bought a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $2,036,000. Finally, River Road Asset Management LLC boosted its position in shares of Delta Air Lines by 22.8% in the third quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company's stock valued at $6,634,000 after acquiring an additional 24,249 shares during the period. Institutional investors own 69.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DAL shares. Deutsche Bank Aktiengesellschaft increased their price objective on Delta Air Lines from $60.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. The Goldman Sachs Group reissued a "buy" rating and issued a $83.00 price objective on shares of Delta Air Lines in a research report on Friday, November 15th. StockNews.com raised Delta Air Lines from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Jefferies Financial Group raised their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, Barclays raised their target price on Delta Air Lines from $60.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Fourteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $78.22.

Insider Activity at Delta Air Lines

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

Delta Air Lines Stock Up 1.1 %

Shares of NYSE:DAL traded up $0.70 during trading on Wednesday, hitting $65.04. 7,613,276 shares of the company's stock traded hands, compared to its average volume of 8,158,825. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The company has a market cap of $42.05 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The company has a 50-day moving average price of $64.23 and a 200-day moving average price of $56.05.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business had revenue of $15.56 billion for the quarter, compared to analysts' expectations of $14.20 billion. During the same quarter in the previous year, the business posted $1.28 EPS. Delta Air Lines's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

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 given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines's dividend payout ratio is presently 11.26%.

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.