Tribune Investment Group LP Makes New $5.26 Million Investment in Delta Air Lines, Inc. (NYSE:DAL)

Tribune Investment Group LP purchased a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 87,000 shares of the transportation company's stock, valued at approximately $5,264,000. Delta Air Lines comprises 2.9% of Tribune Investment Group LP's holdings, making the stock its 16th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new position in shares of Delta Air Lines during the fourth quarter valued at about $27,000. Hemington Wealth Management lifted its holdings in shares of 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 last quarter. Roxbury Financial LLC bought a new stake in Delta Air Lines in the fourth quarter worth $29,000. Crews Bank & Trust purchased a new stake in Delta Air Lines during the 4th quarter valued at about $30,000. Finally, Modus Advisors LLC bought a new position in Delta Air Lines in the 4th quarter valued at approximately $33,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Trading Up 0.5 %

NYSE DAL traded up $0.22 during trading hours on Friday, hitting $40.81. 8,109,884 shares of the company were exchanged, compared to its average volume of 9,273,822. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average price of $49.72 and a 200 day moving average price of $57.29. The stock has a market cap of $26.38 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.38). The company had revenue of $12.98 billion for the quarter, compared to the consensus estimate of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 EPS. Analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Thursday, February 27th. Delta Air Lines's dividend payout ratio (DPR) is currently 10.64%.

Insider Buying and Selling at Delta Air Lines

In related news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 154,486 shares of company stock worth $10,561,895 over the last 90 days. Company insiders own 0.96% of the company's stock.

Analyst Upgrades and Downgrades

DAL has been the subject of several research analyst reports. Susquehanna reduced their price objective on Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a report on Monday, April 7th. Bank of America cut their target price on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. UBS Group downgraded shares of Delta Air Lines from a "buy" rating to a "neutral" rating and cut their price objective for the company from $77.00 to $42.00 in a research report on Monday, April 7th. Barclays decreased their target price on Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group cut their price target on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Four investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $61.06.

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.