Delta Air Lines, Inc. (NYSE:DAL) Position Trimmed by Signaturefd LLC

Signaturefd LLC lowered its stake in Delta Air Lines, Inc. (NYSE:DAL) by 16.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,628 shares of the transportation company’s stock after selling 28,664 shares during the period. Signaturefd LLC’s holdings in Delta Air Lines were worth $8,569,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Parallel Advisors LLC lifted its holdings in shares of Delta Air Lines by 12.1% during the fourth quarter. Parallel Advisors LLC now owns 10,511 shares of the transportation company’s stock valued at $636,000 after purchasing an additional 1,134 shares during the last quarter. Cibc World Markets Corp lifted its stake in Delta Air Lines by 34.5% during the fourth quarter. Cibc World Markets Corp now owns 79,449 shares of the transportation company’s stock valued at $4,807,000 after buying an additional 20,371 shares in the last quarter. GLOBALT Investments LLC GA purchased a new position in shares of Delta Air Lines in the fourth quarter worth approximately $718,000. GWN Securities Inc. acquired a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $421,000. Finally, Harbour Investments Inc. lifted its position in shares of Delta Air Lines by 3.5% in the 4th quarter. Harbour Investments Inc. now owns 9,438 shares of the transportation company’s stock valued at $571,000 after acquiring an additional 317 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Rahul D. Samant sold 38,023 shares of the company’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 transaction, the executive vice president now 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 162,886 shares of company stock worth $11,116,463 over the last ninety days. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

NYSE DAL opened at $46.60 on Monday. The firm has a market cap of $30.12 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. The stock’s 50-day moving average is $62.34 and its two-hundred day moving average is $58.08. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same period in the previous year, the company earned $1.28 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s dividend payout ratio is 11.26%.

Analysts Set New Price Targets

Several research firms have weighed in on DAL. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. TD Cowen lifted their target price on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. UBS Group reduced their price target on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Finally, Barclays lowered their price objective on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Delta Air Lines has an average rating of “Buy” and a consensus target price of $76.60.

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.