Delta Air Lines, Inc. (NYSE:DAL) Position Lifted by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 4.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 52,390 shares of the transportation company’s stock after acquiring an additional 2,432 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Delta Air Lines were worth $3,170,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. New Wave Wealth Advisors LLC bought a new stake in Delta Air Lines in the fourth quarter valued at about $27,000. Hemington Wealth Management increased its holdings in shares of Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 154 shares during the last quarter. Roxbury Financial LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter valued at approximately $29,000. Crews Bank & Trust acquired a new stake in shares of Delta Air Lines during the fourth quarter worth $30,000. Finally, Modus Advisors LLC bought a new position in shares of Delta Air Lines in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Up 4.5 %

NYSE DAL opened at $48.89 on Tuesday. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98. The company has a market capitalization of $31.61 billion, a P/E ratio of 9.17, a PEG ratio of 0.75 and a beta of 1.34. The company’s 50 day simple moving average is $60.48 and its 200 day simple moving average is $58.29. 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 announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 EPS. Equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.60 annualized dividend and a yield of 1.23%. Delta Air Lines’s payout ratio is presently 11.26%.

Insiders Place Their Bets

In related news, EVP Rahul D. Samant sold 38,023 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. This trade represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 162,886 shares of company stock worth $11,116,463 over the last ninety days. 0.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DAL shares. Susquehanna increased their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Barclays cut their price target on Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Citigroup lowered their price objective on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. TD Cowen boosted their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, UBS Group dropped their price objective on shares of Delta Air Lines from $90.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $76.29.

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.