Tower Research Capital LLC TRC Buys 20,522 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Tower Research Capital LLC TRC lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 113.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 38,629 shares of the transportation company's stock after acquiring an additional 20,522 shares during the period. Tower Research Capital LLC TRC's holdings in Delta Air Lines were worth $2,337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Delta Air Lines by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company's stock valued at $4,380,820,000 after buying an additional 456,465 shares during the period. Sanders Capital LLC lifted its position in Delta Air Lines by 6.9% in the fourth quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company's stock valued at $1,800,754,000 after purchasing an additional 1,922,932 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Delta Air Lines by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company's stock valued at $968,234,000 after purchasing an additional 410,648 shares during the period. Capital World Investors grew its holdings in shares of Delta Air Lines by 0.3% in the fourth quarter. Capital World Investors now owns 15,180,467 shares of the transportation company's stock worth $918,419,000 after purchasing an additional 46,101 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Delta Air Lines by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,090,209 shares of the transportation company's stock worth $670,994,000 after buying an additional 92,208 shares during the period. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Stock Down 0.9 %

Shares of Delta Air Lines stock traded down $0.38 during midday trading on Friday, hitting $41.64. The company had a trading volume of 7,190,385 shares, compared to its average volume of 9,240,790. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. 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 company has a 50 day moving average of $47.30 and a 200 day moving average of $57.01. The stock has a market capitalization of $27.19 billion, a P/E ratio of 7.81, a P/E/G ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) 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 company had revenue of $12.98 billion for the quarter, compared to analysts' expectations of $13.85 billion. During the same period in the previous year, the business earned $0.45 EPS. The business's revenue was down 5.6% compared to the same quarter last year. On average, equities analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines's dividend payout ratio is currently 10.64%.

Wall Street Analyst Weigh In

DAL has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Barclays lowered their price target on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. TD Cowen lifted their price objective on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, April 10th. Raymond James decreased their target price on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 2nd. Finally, Dbs Bank lowered Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $61.06.

Insider Buying and Selling at Delta Air Lines

In related 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 value of $2,467,312.47. Following the completion of the sale, the executive vice president now 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William C. Carroll sold 6,783 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the transaction, the senior vice president now owns 10,016 shares in the company, valued at $660,455.04. The trade was 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 worth $4,155,951 over the last quarter. Insiders own 0.96% of the company's stock.

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.