75,000 Shares in Delta Air Lines, Inc. (NYSE:DAL) Purchased by Truffle Hound Capital LLC

Truffle Hound Capital LLC bought a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 75,000 shares of the transportation company's stock, valued at approximately $4,538,000. Delta Air Lines makes up approximately 1.6% of Truffle Hound Capital LLC's investment portfolio, making the stock its 19th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in DAL. New Wave Wealth Advisors LLC purchased a new stake in Delta Air Lines in the 4th quarter valued at $27,000. Roxbury Financial LLC purchased a new stake in shares of Delta Air Lines in the fourth quarter valued at about $29,000. Hemington Wealth Management increased its position in Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock worth $28,000 after purchasing an additional 154 shares during the last quarter. Crews Bank & Trust purchased a new position in Delta Air Lines during the fourth quarter worth about $30,000. Finally, Modus Advisors LLC acquired a new position in Delta Air Lines in the 4th quarter valued at about $33,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the business's stock in a transaction that occurred 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 owns 19,756 shares in the company, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Rahul D. Samant sold 17,970 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the sale, the executive vice president now directly owns 35,889 shares of the company's stock, valued at $2,479,212.12. This represents a 33.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 162,886 shares of company stock worth $11,116,463 in the last three months. Insiders own 0.96% of the company's stock.

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Delta Air Lines Stock Down 0.2 %

Shares of DAL traded down $0.09 during midday trading on Tuesday, reaching $48.79. The stock had a trading volume of 3,760,297 shares, compared to its average volume of 8,798,769. The company has a market cap of $31.54 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.75 and a beta of 1.34. The company's fifty day simple moving average is $60.48 and its two-hundred day simple moving average is $58.29. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

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 (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. The company 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 30.41%. Delta Air Lines's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 earnings per share. Equities research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines's dividend payout ratio (DPR) is presently 11.26%.

Analyst Ratings Changes

DAL has been the topic of a number of recent analyst reports. Barclays decreased their price objective on Delta Air Lines from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Susquehanna raised their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a research report on Tuesday, January 7th. UBS Group decreased their target price on shares of Delta Air Lines from $90.00 to $77.00 and set a "buy" rating on the stock in a research report on Tuesday, March 11th. StockNews.com upgraded shares of Delta Air Lines from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Finally, Citigroup decreased their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $76.29.

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.