Compound Global Advisors LLC Makes New $363,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

Compound Global Advisors LLC bought a new position in Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,000 shares of the transportation company’s stock, valued at approximately $363,000. Delta Air Lines accounts for approximately 1.5% of Compound Global Advisors LLC’s holdings, making the stock its 29th biggest position.

Several other institutional investors have also made changes to their positions in the company. Sanders Capital LLC boosted its stake in Delta Air Lines by 2.8% in the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after purchasing an additional 749,099 shares during the period. Geode Capital Management LLC boosted its position in shares of Delta Air Lines by 2.8% in the third quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after buying an additional 416,338 shares during the period. Pzena Investment Management LLC purchased a new position in shares of Delta Air Lines during the third quarter valued at $281,206,000. Castle Hook Partners LP acquired a new position in Delta Air Lines during the third quarter valued at $189,296,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Delta Air Lines by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company’s stock worth $177,637,000 after acquiring an additional 10,332 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rahul D. Samant sold 17,970 shares of Delta Air Lines stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the transaction, the executive vice president now owns 35,889 shares in the company, valued at $2,479,212.12. The trade was a 33.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 124,863 shares of company stock valued at $8,649,150. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the topic of several research analyst reports. TD Cowen lifted their target price on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $83.00 price objective on shares of Delta Air Lines in a research report on Friday, November 15th. Barclays upped their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Citigroup lifted their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Jefferies Financial Group upped their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $78.22.

Delta Air Lines Price Performance

NYSE DAL opened at $66.20 on Tuesday. The firm has a market cap of $42.72 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 0.80 and a beta of 1.36. The stock’s 50-day moving average is $64.01 and its two-hundred day moving average is $54.93. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week 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) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $1.28 EPS. On average, analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s dividend payout ratio is currently 11.26%.

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.