Compass Wealth Management LLC Buys 1,220 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Compass Wealth Management LLC grew its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 29.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,320 shares of the transportation company’s stock after purchasing an additional 1,220 shares during the period. Compass Wealth Management LLC’s holdings in Delta Air Lines were worth $255,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DAL. Wellington Management Group LLP raised its position in shares of Delta Air Lines by 220.2% in the fourth quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock valued at $346,008,000 after purchasing an additional 5,914,301 shares during the period. Capital International Investors increased its holdings in Delta Air Lines by 8.8% during the 4th quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock worth $842,283,000 after acquiring an additional 1,689,053 shares during the period. Norges Bank bought a new stake in Delta Air Lines during the 4th quarter worth approximately $65,056,000. Jennison Associates LLC increased its holdings in Delta Air Lines by 145.2% during the 4th quarter. Jennison Associates LLC now owns 2,618,627 shares of the transportation company’s stock worth $105,347,000 after acquiring an additional 1,550,770 shares during the period. Finally, Royal London Asset Management Ltd. increased its holdings in Delta Air Lines by 27.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock worth $260,198,000 after acquiring an additional 1,376,221 shares during the period. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Down 0.3 %

Shares of Delta Air Lines stock opened at $49.58 on Thursday. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $53.86. The company has a 50-day moving average of $50.42 and a 200 day moving average of $44.73. The firm has a market cap of $31.99 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 0.73 and a beta of 1.37. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The company had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 earnings per share. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.61 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Monday, May 13th. Delta Air Lines’s payout ratio is 5.14%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DAL. Bank of America upped their target price on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 target price on shares of Delta Air Lines in a report on Thursday, April 11th. HSBC initiated coverage on shares of Delta Air Lines in a report on Monday, May 13th. They set a “buy” rating and a $72.80 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Finally, StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $59.85.

Insider Buying and Selling

In other Delta Air Lines news, President Glen W. Hauenstein sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the sale, the president now owns 217,584 shares in the company, valued at approximately $10,672,495.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Delta Air Lines news, President Glen W. Hauenstein sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the sale, the president now owns 217,584 shares in the company, valued at approximately $10,672,495.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Willie Cw Chiang acquired 10,000 shares of Delta Air Lines stock in a transaction dated Wednesday, May 1st. The shares were bought at an average price of $49.50 per share, for a total transaction of $495,000.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $495,000. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 178,919 shares of company stock valued at $8,834,653. 0.96% of the stock is owned by insiders.

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.