Tower Research Capital LLC TRC boosted its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 113.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,629 shares of the transportation company's stock after purchasing an additional 20,522 shares during the quarter. Tower Research Capital LLC TRC's holdings in Delta Air Lines were worth $2,337,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DAL. New Wave Wealth Advisors LLC acquired a new stake in Delta Air Lines during the fourth quarter worth approximately $27,000. Hemington Wealth Management raised its stake in 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. Roxbury Financial LLC acquired a new position in shares of Delta Air Lines in the 4th quarter valued at $29,000. Crews Bank & Trust purchased a new stake in shares of Delta Air Lines during the 4th quarter valued at $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Delta Air Lines by 414.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after buying an additional 431 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
DAL has been the subject of a number of research reports. Susquehanna lowered their price target on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research report on Monday, April 7th. Dbs Bank lowered shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Barclays reduced their target price on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Bank of America lowered their price target on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, TD Cowen boosted their price objective on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.06.
Check Out Our Latest Analysis on DAL
Delta Air Lines Stock Up 0.6 %
Shares of DAL stock traded up $0.26 during trading hours on Monday, hitting $41.84. 2,820,374 shares of the company were exchanged, compared to its average volume of 11,356,078. The stock has a market capitalization of $27.32 billion, a price-to-earnings ratio of 7.85, a P/E/G ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The business's 50-day simple moving average is $47.30 and its two-hundred day simple moving average is $57.10. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.
Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business had revenue of $12.98 billion for the quarter, compared to the consensus estimate of $13.85 billion. During the same period in the prior year, the company earned $0.45 EPS. Delta Air Lines's quarterly revenue was down 5.6% on a year-over-year basis. Sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.
Delta Air Lines Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.43%. Delta Air Lines's payout ratio is currently 10.64%.
Insiders Place Their Bets
In other news, EVP Rahul D. Samant sold 38,023 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the transaction, the executive vice president now directly owns 52,789 shares in the company, valued at approximately $3,425,478.21. The trade was a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP William C. Carroll sold 6,783 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the completion of the sale, the senior vice president now owns 10,016 shares in the company, valued at approximately $660,455.04. This represents a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 62,776 shares of company stock valued at $4,155,951 over the last three months. Company insiders own 0.96% of the company's stock.
About Delta Air Lines
(
Free Report)
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.
Further Reading
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