Delta Air Lines, Inc. $DAL Shares Sold by Compass Capital Management Inc.

Compass Capital Management Inc. trimmed its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 22.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,819 shares of the transportation company’s stock after selling 37,026 shares during the quarter. Compass Capital Management Inc.’s holdings in Delta Air Lines were worth $8,801,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TD Asset Management Inc grew its position in Delta Air Lines by 14.0% in the 3rd quarter. TD Asset Management Inc now owns 457,796 shares of the transportation company’s stock valued at $25,980,000 after buying an additional 56,365 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in Delta Air Lines in the 3rd quarter valued at $1,041,000. Mirae Asset Global Investments Co. Ltd. grew its position in Delta Air Lines by 22.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,173 shares of the transportation company’s stock valued at $7,438,000 after buying an additional 19,829 shares during the last quarter. iA Global Asset Management Inc. grew its position in Delta Air Lines by 53.2% in the 4th quarter. iA Global Asset Management Inc. now owns 92,142 shares of the transportation company’s stock valued at $6,395,000 after buying an additional 32,014 shares during the last quarter. Finally, Ceredex Value Advisors LLC grew its position in Delta Air Lines by 66.0% in the 3rd quarter. Ceredex Value Advisors LLC now owns 911,136 shares of the transportation company’s stock valued at $51,707,000 after buying an additional 362,329 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Allison C. Ausband sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $79.00, for a total value of $395,000.00. Following the sale, the executive vice president directly owned 133,854 shares in the company, valued at $10,574,466. The trade was a 3.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the completion of the sale, the executive vice president owned 95,025 shares in the company, valued at $7,738,836. This represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 149,635 shares of company stock worth $10,833,855 in the last three months. Corporate insiders own 0.80% of the company’s stock.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $81.91 on Friday. The firm has a market capitalization of $53.81 billion, a P/E ratio of 11.94, a PEG ratio of 1.08 and a beta of 1.30. Delta Air Lines, Inc. has a one year low of $45.28 and a one year high of $83.83. The company’s fifty day moving average is $72.72 and its two-hundred day moving average is $69.44. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.42.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.05 billion. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. Analysts forecast that Delta Air Lines, Inc. will post 5.37 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, May 14th. Delta Air Lines’s payout ratio is presently 10.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. TD Cowen lifted their price objective on shares of Delta Air Lines from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Raymond James Financial lifted their price objective on shares of Delta Air Lines from $76.00 to $80.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 9th. Evercore reiterated an “outperform” rating and issued a $85.00 price objective on shares of Delta Air Lines in a research report on Friday, April 17th. Argus lifted their price objective on shares of Delta Air Lines from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Finally, Bank of America lowered their price objective on shares of Delta Air Lines from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.85.

Delta Air Lines Company Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.