Compass Capital Management Inc. Makes New Investment in Delta Air Lines, Inc. $DAL

Compass Capital Management Inc. bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 177,347 shares of the transportation company’s stock, valued at approximately $8,722,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Signature Resources Capital Management LLC acquired a new position in Delta Air Lines in the second quarter valued at approximately $25,000. NewSquare Capital LLC raised its position in Delta Air Lines by 184.6% in the second quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 371 shares during the period. Activest Wealth Management raised its position in Delta Air Lines by 2,280.8% in the second quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 593 shares during the period. Wealth Preservation Advisors LLC acquired a new position in shares of Delta Air Lines in the 1st quarter valued at $31,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Delta Air Lines during the 1st quarter worth $33,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on DAL shares. UBS Group boosted their price objective on shares of Delta Air Lines from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, October 10th. Bank of America boosted their price target on shares of Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Delta Air Lines in a research report on Wednesday, October 8th. HSBC lifted their target price on shares of Delta Air Lines from $69.20 to $73.70 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, Seaport Global Securities upped their price target on Delta Air Lines from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $71.53.

Insider Activity

In other Delta Air Lines news, SVP William C. Carroll sold 14,010 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the transaction, the senior vice president owned 15,816 shares of the company’s stock, valued at $968,730. The trade was a 46.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John E. Laughter sold 23,323 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the sale, the executive vice president owned 81,109 shares of the company’s stock, valued at approximately $5,055,523.97. This represents a 22.33% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 39,833 shares of company stock valued at $2,463,585. Insiders own 0.88% of the company’s stock.

Delta Air Lines Stock Up 1.9%

DAL stock opened at $58.91 on Monday. The stock has a market cap of $38.47 billion, a P/E ratio of 8.30, a PEG ratio of 1.35 and a beta of 1.52. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The company’s 50 day moving average is $59.09 and its two-hundred day moving average is $54.32.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The business had revenue of $8.40 billion during the quarter. Research analysts expect 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 announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th were given a dividend of $0.1875 per share. The ex-dividend date was Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. Delta Air Lines’s payout ratio is 10.56%.

About Delta Air Lines

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.