Encompass More Asset Management Makes New $239,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

Encompass More Asset Management bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 4,704 shares of the transportation company’s stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DAL. Huntington National Bank grew its stake in Delta Air Lines by 2.9% in the third quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock valued at $339,000 after acquiring an additional 189 shares during the period. Armstrong Advisory Group Inc. grew its position in shares of Delta Air Lines by 13.8% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 200 shares during the period. Oakworth Capital Inc. increased its stake in Delta Air Lines by 16.9% during the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock worth $72,000 after purchasing an additional 204 shares in the last quarter. Total Investment Management Inc. raised its holdings in Delta Air Lines by 3.0% during the 3rd quarter. Total Investment Management Inc. now owns 7,357 shares of the transportation company’s stock worth $374,000 after buying an additional 212 shares during the period. Finally, Van ECK Associates Corp lifted its stake 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 buying an additional 239 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of Delta Air Lines stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the transaction, the executive vice president now directly owns 58,897 shares of the company’s stock, valued at $3,688,130.14. The trade was a 11.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 68,000 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at $24,775,004.27. The trade was a 13.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,240 shares of company stock valued at $8,044,893. 0.96% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DAL has been the subject of several research reports. Sanford C. Bernstein increased their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. TD Cowen increased their target price on Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. UBS Group reissued a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. Bank of America upped their price objective on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $75.83.

Delta Air Lines Price Performance

NYSE:DAL opened at $63.82 on Friday. The stock has a market capitalization of $41.18 billion, a PE ratio of 8.86, a P/E/G ratio of 1.21 and a beta of 1.33. Delta Air Lines, Inc. has a 1-year low of $36.19 and a 1-year high of $66.25. The firm has a fifty day simple moving average of $56.75 and a 200 day simple moving average of $49.52. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $2.03 EPS. On average, research analysts expect that Delta Air Lines, Inc. will post 6.07 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. Delta Air Lines’s payout ratio is 8.33%.

Delta Air Lines Company 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.