TD Private Client Wealth LLC Boosts Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

TD Private Client Wealth LLC boosted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 110.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,808 shares of the transportation company’s stock after purchasing an additional 8,293 shares during the quarter. TD Private Client Wealth LLC’s holdings in Delta Air Lines were worth $956,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new position in shares of Delta Air Lines in the 4th quarter valued at about $27,000. Hemington Wealth Management raised 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 valued at $28,000 after purchasing an additional 154 shares during the period. Roxbury Financial LLC bought a new stake in shares of Delta Air Lines in the 4th quarter valued at approximately $29,000. Crews Bank & Trust purchased a new position in shares of Delta Air Lines in the 4th quarter worth approximately $30,000. Finally, Modus Advisors LLC bought a new position in shares of Delta Air Lines during the 4th quarter valued at approximately $33,000. Institutional investors own 69.93% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Rahul D. Samant sold 38,023 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 52,789 shares in the company, valued at $3,425,478.21. This represents a 41.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP William C. Carroll sold 8,400 shares of the firm’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 sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock worth $11,116,463 over the last 90 days. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

Shares of DAL stock opened at $46.89 on Monday. The stock has a market capitalization of $30.31 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 0.75 and a beta of 1.34. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve month high of $69.98. The stock has a fifty day simple moving average of $60.80 and a two-hundred day simple moving average of $58.25.

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, topping 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 company had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same period in the prior year, the business earned $1.28 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is 11.26%.

Analysts Set New Price Targets

DAL has been the subject of several recent analyst reports. UBS Group dropped their price objective 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. Barclays dropped 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. Susquehanna increased their price objective 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. TD Cowen boosted their target price on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $76.29.

About Delta Air Lines

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.