Jackson Creek Investment Advisors LLC Buys New Shares in Delta Air Lines, Inc. $DAL

Jackson Creek Investment Advisors LLC bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,230 shares of the transportation company’s stock, valued at approximately $432,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AlphaQuest LLC lifted its holdings in Delta Air Lines by 90.6% in the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after buying an additional 211 shares during the period. Accredited Wealth Management LLC lifted its holdings in Delta Air Lines by 1,983.3% in the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock valued at $28,000 after buying an additional 476 shares during the period. Lloyd Advisory Services LLC. acquired a new position in Delta Air Lines in the fourth quarter valued at $31,000. SWAN Capital LLC lifted its holdings in Delta Air Lines by 1,016.0% in the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after buying an additional 508 shares during the period. Finally, Camelot Portfolios LLC bought a new position in shares of Delta Air Lines during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the topic of a number of research analyst reports. Citigroup increased their price target on Delta Air Lines from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. HSBC cut their price target on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating on the stock in a report on Thursday, April 9th. Wells Fargo & Company cut their price target on Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. Weiss Ratings cut Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 6th. Finally, Jefferies Financial Group increased their price target on Delta Air Lines from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.89.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP John E. Laughter sold 15,000 shares of the business’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $71.61, for a total transaction of $1,074,150.00. Following the completion of the sale, the executive vice president owned 54,369 shares in the company, valued at approximately $3,893,364.09. The trade was a 21.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Alain Bellemare sold 20,621 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $72.75, for a total transaction of $1,500,177.75. Following the sale, the executive vice president owned 120,025 shares of the company’s stock, valued at $8,731,818.75. This trade represents a 14.66% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 119,635 shares of company stock worth $8,402,855. 0.80% of the stock is owned by corporate insiders.

More Delta Air Lines News

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: TD Cowen and UBS both raised their price targets on Delta, reinforcing confidence that the airline’s earnings outlook and valuation can improve. Delta (DAL) Stock Is Up, What You Need To Know
• Positive Sentiment: UBS lifted its target to $98 and kept a buy rating, citing a more constructive sector outlook; other recent analyst notes also leaned positive for airline profits and stock performance. Why Some Experts Say Airline Profits—and Stocks—Are About To Take Off
• Positive Sentiment: Falling oil prices are easing jet-fuel cost pressure across the airline group, which is helping airline stocks rally broadly. Airline stocks rally as oil retreat eases fuel cost pressure
• Neutral Sentiment: Delta’s executive vice president Allison Ausband disclosed recent stock sales. Insider selling can create some caution, but the transactions were relatively modest compared with Delta’s market value. Delta Air Lines (NYSE:DAL) EVP Allison Ausband Sells 5,000 Shares
• Neutral Sentiment: Delta is also working to improve operations after a rise in flight cancellations, which could matter for summer travel demand, but this is more of an execution issue than an immediate catalyst. Delta’s Flight Cancellations Have Mounted, and It’s Staffing Up to Improve

Delta Air Lines Stock Performance

Shares of DAL opened at $81.66 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36. The stock has a 50-day moving average of $69.43 and a 200-day moving average of $67.72. The company has a market cap of $53.65 billion, a PE ratio of 11.90, a P/E/G ratio of 1.15 and a beta of 1.25. Delta Air Lines, Inc. has a one year low of $45.28 and a one year high of $83.76.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $14.20 billion during 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%. Delta Air Lines’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS. On average, equities research analysts predict that Delta Air Lines, Inc. will post 5.26 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Thursday, May 14th. Delta Air Lines’s payout ratio is 10.93%.

About Delta Air Lines

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.