Jackson Hole Capital Partners LLC bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,123 shares of the transportation company’s stock, valued at approximately $555,000.

A number of other institutional investors also recently bought and sold shares of DAL. MUFG Securities EMEA plc grew its holdings in Delta Air Lines by 1,830.8% in the fourth quarter. MUFG Securities EMEA plc now owns 347,281 shares of the transportation company’s stock valued at $17,329,000 after purchasing an additional 329,295 shares during the period. Belpointe Asset Management LLC acquired a new stake in Delta Air Lines in the fourth quarter valued at approximately $374,000. Sowell Financial Services LLC grew its holdings in Delta Air Lines by 10.4% in the fourth quarter. Sowell Financial Services LLC now owns 11,945 shares of the transportation company’s stock valued at $596,000 after purchasing an additional 1,127 shares during the period. Norges Bank acquired a new stake in Delta Air Lines in the fourth quarter valued at approximately $89,761,000. Finally, Actinver Wealth Management Inc. purchased a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $308,000. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

In related news, COO W Gilbert West sold 21,000 shares of Delta Air Lines stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $50.49, for a total transaction of $1,060,290.00. Following the transaction, the chief operating officer now owns 136,799 shares in the company, valued at $6,906,981.51. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Rahul D. Samant sold 13,436 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $51.16, for a total value of $687,385.76. Following the transaction, the executive vice president now owns 67,598 shares in the company, valued at approximately $3,458,313.68. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 3,559,723 shares of company stock worth $176,077,837 and have sold 70,436 shares worth $3,602,036. Company insiders own 0.33% of the company’s stock.

Several equities analysts have recently weighed in on DAL shares. Credit Suisse Group set a $67.00 target price on Delta Air Lines and gave the company a “buy” rating in a research report on Wednesday, January 16th. Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Monday, January 14th. Stephens restated a “buy” rating on shares of Delta Air Lines in a research report on Sunday, January 6th. Vertical Research started coverage on Delta Air Lines in a research report on Monday, February 4th. They issued a “hold” rating on the stock. Finally, Deutsche Bank downgraded Delta Air Lines from a “buy” rating to a “hold” rating and set a $49.58 target price on the stock. in a research report on Friday, March 1st. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $66.60.

Shares of Delta Air Lines stock opened at $51.65 on Friday. Delta Air Lines, Inc. has a one year low of $45.08 and a one year high of $61.32. The company has a market cap of $35.07 billion, a P/E ratio of 9.14, a P/E/G ratio of 0.72 and a beta of 1.08. The company has a current ratio of 0.34, a quick ratio of 0.28 and a debt-to-equity ratio of 1.03.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Tuesday, January 15th. The transportation company reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.03. Delta Air Lines had a return on equity of 29.42% and a net margin of 8.78%. The firm had revenue of $10.74 billion for the quarter, compared to the consensus estimate of $10.71 billion. During the same quarter last year, the business posted $0.96 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, research analysts predict that Delta Air Lines, Inc. will post 6.5 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were given a dividend of $0.35 per share. The ex-dividend date was Thursday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 2.71%. Delta Air Lines’s payout ratio is 24.78%.

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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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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