TFO Wealth Partners LLC Has $219,000 Stake in Delta Air Lines, Inc. (NYSE:DAL)

TFO Wealth Partners LLC lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DALFree Report) by 20,838.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,444 shares of the transportation company’s stock after purchasing an additional 5,418 shares during the period. TFO Wealth Partners LLC’s holdings in Delta Air Lines were worth $219,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DAL. MeadowBrook Investment Advisors LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth approximately $27,000. Venturi Wealth Management LLC lifted its position in shares of Delta Air Lines by 396.6% during the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after purchasing an additional 575 shares in the last quarter. Manchester Capital Management LLC raised its stake in shares of Delta Air Lines by 26,166.7% during the fourth quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after buying an additional 785 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Delta Air Lines during the third quarter worth approximately $35,000. Finally, Nordwand Advisors LLC bought a new stake in shares of Delta Air Lines during the fourth quarter worth approximately $40,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DAL has been the subject of a number of recent research reports. Citigroup boosted their price target on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Bank of America boosted their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. UBS Group initiated coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target for the company. HSBC initiated coverage on shares of Delta Air Lines in a research note on Monday, May 13th. They set a “buy” rating and a $72.80 price target for the company. Finally, Morgan Stanley reissued an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $59.85.

Get Our Latest Report on DAL

Delta Air Lines Stock Up 1.8 %

Delta Air Lines stock opened at $51.02 on Monday. The stock has a market capitalization of $32.92 billion, a PE ratio of 6.56, a price-to-earnings-growth ratio of 0.75 and a beta of 1.37. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $53.86. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The company has a 50 day moving average of $49.58 and a 200-day moving average of $43.53.

Delta Air Lines (NYSE:DALGet Free Report) last announced its earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate 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 business 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. The firm’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 6.66 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Monday, May 13th. Delta Air Lines’s payout ratio is 5.14%.

Insider Buying and Selling

In related news, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the completion of the transaction, the executive vice president now owns 141,451 shares in the company, valued at $6,911,295.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the completion of the transaction, the executive vice president now owns 141,451 shares in the company, valued at $6,911,295.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the completion of the sale, the president now owns 217,584 shares of the company’s stock, valued at approximately $10,672,495.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 178,919 shares of company stock worth $8,834,653. 0.96% of the stock is owned by insiders.

Delta Air Lines Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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