TCG Advisory Services LLC Makes New Investment in Delta Air Lines, Inc. (NYSE:DAL)

TCG Advisory Services LLC bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,531 shares of the transportation company’s stock, valued at approximately $223,000.

Other large investors also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its position in Delta Air Lines by 396.6% in the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after buying an additional 575 shares during the last quarter. Headlands Technologies LLC bought a new stake in Delta Air Lines in the third quarter worth about $35,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Delta Air Lines by 1,302.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,318 shares of the transportation company’s stock valued at $49,000 after buying an additional 1,224 shares during the period. Itau Unibanco Holding S.A. bought a new position in shares of Delta Air Lines during the third quarter valued at approximately $56,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Delta Air Lines by 147.7% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,434 shares of the transportation company’s stock worth $58,000 after buying an additional 855 shares during the period. Institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DAL. StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Susquehanna raised their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. Bank of America boosted their price objective on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. UBS Group started coverage on shares of Delta Air Lines in a research report on Wednesday, March 20th. They set a “buy” rating and a $59.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $58.29.

Insiders Place Their Bets

In other Delta Air Lines news, Director Willie Cw Chiang bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average cost of $49.50 per share, with a total value of $495,000.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $495,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Willie Cw Chiang acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average price of $49.50 per share, with a total value of $495,000.00. Following the completion of the transaction, the director now owns 10,000 shares of the company’s stock, valued at $495,000. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total value of $4,905,000.00. Following the completion of the transaction, the president now owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The disclosure for this sale can be found here. Insiders sold a total of 174,073 shares of company stock valued at $8,581,207 over the last quarter. 0.89% of the stock is owned by insiders.

Delta Air Lines Price Performance

Shares of DAL stock opened at $52.93 on Tuesday. The company has a market cap of $33.87 billion, a P/E ratio of 6.80, a PEG ratio of 0.76 and a beta of 1.38. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The stock’s 50-day moving average is $46.20 and its 200 day moving average is $40.95. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $53.00.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company had revenue of $13.75 billion during the quarter, compared to analysts’ expectations of $12.51 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. Delta Air Lines’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts predict that Delta Air Lines, Inc. will post 6.61 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Monday, May 13th. Delta Air Lines’s dividend payout ratio is presently 5.14%.

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.