Sigma Planning Corp Sells 32,527 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Sigma Planning Corp decreased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 50.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,921 shares of the transportation company’s stock after selling 32,527 shares during the period. Sigma Planning Corp’s holdings in Delta Air Lines were worth $1,284,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Navalign LLC boosted its position in shares of Delta Air Lines by 1.7% during the fourth quarter. Navalign LLC now owns 17,402 shares of the transportation company’s stock valued at $700,000 after buying an additional 293 shares during the last quarter. Summit X LLC boosted its position in Delta Air Lines by 1.1% in the third quarter. Summit X LLC now owns 28,205 shares of the transportation company’s stock worth $1,044,000 after purchasing an additional 307 shares during the last quarter. Moisand Fitzgerald Tamayo LLC boosted its position in Delta Air Lines by 55.2% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock worth $32,000 after purchasing an additional 311 shares during the last quarter. Investment Research & Advisory Group Inc. boosted its position in Delta Air Lines by 0.9% in the third quarter. Investment Research & Advisory Group Inc. now owns 34,868 shares of the transportation company’s stock worth $1,290,000 after purchasing an additional 315 shares during the last quarter. Finally, Chesley Taft & Associates LLC boosted its position in Delta Air Lines by 2.4% in the fourth quarter. Chesley Taft & Associates LLC now owns 13,922 shares of the transportation company’s stock worth $560,000 after purchasing an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on DAL. Deutsche Bank Aktiengesellschaft boosted their price objective on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Bank of America boosted their target price on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Morgan Stanley restated an “overweight” rating and issued a $85.00 target price on shares of Delta Air Lines in a research note on Thursday, April 11th. Finally, TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and an average price target of $58.29.

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the completion of the sale, the chief executive officer now directly owns 428,768 shares in the company, valued at approximately $16,807,705.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.89% of the stock is currently owned by company insiders.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $49.02 on Tuesday. The firm has a market capitalization of $31.63 billion, a P/E ratio of 6.30, a P/E/G ratio of 0.71 and a beta of 1.43. 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 stock’s 50-day simple moving average is $44.33 and its two-hundred day simple moving average is $39.86. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $49.81.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 EPS. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 6.52 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s dividend payout ratio is presently 5.14%.

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.