TCTC Holdings LLC Has $77,000 Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

TCTC Holdings LLC grew its position in Delta Air Lines, Inc. (NYSE:DAL) by 154.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,274 shares of the transportation company’s stock after buying an additional 774 shares during the period. TCTC Holdings LLC’s holdings in Delta Air Lines were worth $77,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in shares of Delta Air Lines by 12.1% in the 4th quarter. Parallel Advisors LLC now owns 10,511 shares of the transportation company’s stock valued at $636,000 after buying an additional 1,134 shares during the period. Cibc World Markets Corp lifted its position in Delta Air Lines by 34.5% in the 4th quarter. Cibc World Markets Corp now owns 79,449 shares of the transportation company’s stock valued at $4,807,000 after acquiring an additional 20,371 shares in the last quarter. GLOBALT Investments LLC GA bought a new stake in Delta Air Lines in the 4th quarter valued at $718,000. GWN Securities Inc. bought a new stake in Delta Air Lines in the 4th quarter valued at $421,000. Finally, Harbour Investments Inc. lifted its position in Delta Air Lines by 3.5% in the 4th quarter. Harbour Investments Inc. now owns 9,438 shares of the transportation company’s stock valued at $571,000 after acquiring an additional 317 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Activity at Delta Air Lines

In related news, SVP William C. Carroll sold 8,400 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the transaction, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,304,291.12. This represents a 29.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following 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. In the last 90 days, insiders have sold 162,886 shares of company stock worth $11,116,463. Insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

DAL has been the topic of several research reports. TD Cowen boosted their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Barclays cut their price target on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Susquehanna boosted their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Finally, UBS Group cut their price target on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and a consensus price target of $76.60.

Delta Air Lines Stock Up 0.3 %

Shares of DAL stock opened at $46.88 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The firm’s 50-day moving average is $62.08 and its 200-day moving average is $58.12. The stock has a market cap of $30.30 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 0.75 and a beta of 1.34. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. Delta Air Lines’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 EPS. Sell-side analysts predict 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 will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. Delta Air Lines’s dividend payout ratio (DPR) is currently 11.26%.

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.