Islay Capital Management LLC Has $750,000 Position in Delta Air Lines, Inc. (NYSE:DAL)

Islay Capital Management LLC raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 4,476.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,402 shares of the transportation company’s stock after buying an additional 12,131 shares during the quarter. Islay Capital Management LLC’s holdings in Delta Air Lines were worth $750,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DAL. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines during the fourth quarter worth about $27,000. Roxbury Financial LLC bought a new position in shares of Delta Air Lines during the fourth quarter worth approximately $29,000. Hemington Wealth Management increased its holdings in shares of Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares during the period. Crews Bank & Trust bought a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $30,000. Finally, Modus Advisors LLC acquired a new stake in Delta Air Lines during the fourth quarter worth approximately $33,000. Institutional investors own 69.93% of the company’s stock.

Insider Activity

In other news, SVP William C. Carroll sold 6,783 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction of $447,271.02. Following the completion of the sale, the senior vice president now directly owns 10,016 shares in the company, valued at $660,455.04. This represents a 40.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were 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 in the company, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 162,886 shares of company stock valued at $11,116,463. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Down 4.1 %

Shares of NYSE DAL opened at $37.13 on Friday. The company has a 50 day simple moving average of $56.32 and a 200 day simple moving average of $58.06. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The firm has a market cap of $24.00 billion, a PE ratio of 6.97, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter last year, the firm earned $1.28 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.62%. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DAL. UBS Group dropped their price objective on Delta Air Lines from $90.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Bank of America dropped their target price on shares of Delta Air Lines from $65.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday. Raymond James reduced their price target on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating on the stock in a research report on Wednesday. Finally, Citigroup decreased their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $71.49.

Delta Air Lines 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.