Hourglass Capital LLC Has $4.68 Million Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Hourglass Capital LLC lessened its stake in Delta Air Lines, Inc. (NYSE:DAL) by 51.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 77,370 shares of the transportation company’s stock after selling 83,255 shares during the quarter. Hourglass Capital LLC’s holdings in Delta Air Lines were worth $4,681,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new stake in shares of Delta Air Lines in the third quarter valued at approximately $341,000. Vontobel Holding Ltd. raised its stake in Delta Air Lines by 2.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 32,379 shares of the transportation company’s stock valued at $1,645,000 after acquiring an additional 680 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Delta Air Lines by 3.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,645 shares of the transportation company’s stock valued at $1,303,000 after purchasing an additional 778 shares during the last quarter. V Square Quantitative Management LLC boosted its position in Delta Air Lines by 30.1% during the third quarter. V Square Quantitative Management LLC now owns 9,844 shares of the transportation company’s stock worth $500,000 after purchasing an additional 2,275 shares during the period. Finally, Richard W. Paul & Associates LLC increased its holdings in shares of Delta Air Lines by 99.0% in the third quarter. Richard W. Paul & Associates LLC now owns 1,745 shares of the transportation company’s stock valued at $89,000 after purchasing an additional 868 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Stock Performance

NYSE:DAL opened at $65.41 on Friday. The company has a market cap of $42.21 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 0.80 and a beta of 1.36. 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 quick ratio of 0.32 and a current ratio of 0.37. The stock has a fifty day moving average price of $64.14 and a 200-day moving average price of $55.53.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion during 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%. Delta Air Lines’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 earnings per share. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Jefferies Financial Group lifted their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Barclays increased their target price on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, TD Cowen upped their price objective on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $78.22.

Insider Buying and Selling

In other news, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the transaction, the chief executive officer now owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 162,886 shares of company stock worth $11,116,463. Corporate insiders own 0.96% of the company’s stock.

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.