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

TCTC Holdings LLC grew its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 154.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,274 shares of the transportation company’s stock after purchasing an additional 774 shares during the quarter. TCTC Holdings LLC’s holdings in Delta Air Lines were worth $77,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in DAL. New Wave Wealth Advisors LLC acquired a new stake in Delta Air Lines during the fourth quarter worth about $27,000. Roxbury Financial LLC acquired a new stake in Delta Air Lines during the fourth quarter worth about $29,000. Hemington Wealth Management grew its position 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 buying an additional 154 shares in the last quarter. Crews Bank & Trust acquired a new stake in Delta Air Lines during the fourth quarter worth about $30,000. Finally, Modus Advisors LLC acquired a new stake in Delta Air Lines during the fourth quarter worth about $33,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Stock Performance

NYSE:DAL opened at $46.88 on Tuesday. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The firm has a 50 day moving average of $62.08 and a 200-day moving average of $58.12. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $30.30 billion, a P/E ratio of 8.79, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 earnings per share. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal 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 issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of Delta Air Lines stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the sale, the executive vice president now owns 52,789 shares of the company’s stock, valued at approximately $3,425,478.21. The trade was a 41.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction 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 sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock valued at $11,116,463 over the last quarter. Corporate insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

DAL has been the topic of a number of recent research reports. Citigroup lifted their target price on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Barclays cut their price target on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, UBS Group cut their price target on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Delta Air Lines currently has an average rating of “Buy” and an average price target of $76.60.

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.