Signature Estate & Investment Advisors LLC Grows Position in Delta Air Lines, Inc. $DAL

Signature Estate & Investment Advisors LLC grew its stake in Delta Air Lines, Inc. (NYSE:DAL) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,778 shares of the transportation company’s stock after purchasing an additional 2,477 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Delta Air Lines were worth $4,612,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. JT Stratford LLC boosted its position in Delta Air Lines by 1.2% in the 1st quarter. JT Stratford LLC now owns 16,403 shares of the transportation company’s stock worth $715,000 after purchasing an additional 200 shares in the last quarter. one8zero8 LLC lifted its position in shares of Delta Air Lines by 1.1% during the 1st quarter. one8zero8 LLC now owns 21,405 shares of the transportation company’s stock valued at $933,000 after buying an additional 225 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Delta Air Lines by 14.7% during the 2nd quarter. Sound Income Strategies LLC now owns 1,911 shares of the transportation company’s stock valued at $94,000 after buying an additional 245 shares in the last quarter. Mainstay Capital Management LLC ADV lifted its position in shares of Delta Air Lines by 5.0% during the 1st quarter. Mainstay Capital Management LLC ADV now owns 5,199 shares of the transportation company’s stock valued at $227,000 after buying an additional 246 shares in the last quarter. Finally, E&G Advisors LP lifted its position in shares of Delta Air Lines by 1.4% during the 1st quarter. E&G Advisors LP now owns 17,550 shares of the transportation company’s stock valued at $765,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Jefferies Financial Group increased their target price on Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, October 13th. TD Cowen increased their target price on Delta Air Lines from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, October 13th. JPMorgan Chase & Co. increased their target price on Delta Air Lines from $72.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Susquehanna Bancshares increased their target price on Delta Air Lines from $51.00 to $65.00 and gave the company a “positive” rating in a research report on Friday, July 11th. Finally, Bank of America increased their target price on Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $71.53.

Delta Air Lines Stock Down 1.2%

NYSE DAL opened at $59.70 on Friday. The business has a fifty day moving average price of $59.35 and a 200 day moving average price of $52.13. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. The company has a market cap of $38.98 billion, a P/E ratio of 8.41, a P/E/G ratio of 1.37 and a beta of 1.50.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The firm had revenue of $8.40 billion during the quarter. Research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. Delta Air Lines’s dividend payout ratio (DPR) is 10.56%.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward H. Bastian sold 35,000 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $56.28, for a total value of $1,969,800.00. Following the completion of the sale, the chief executive officer directly owned 632,823 shares of the company’s stock, valued at $35,615,278.44. This trade represents a 5.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William C. Carroll sold 14,010 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total value of $858,112.50. Following the completion of the sale, the senior vice president directly owned 15,816 shares of the company’s stock, valued at $968,730. This trade represents a 46.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,510 shares of company stock valued at $2,979,663 in the last three months. 0.88% of the stock is currently owned by insiders.

Delta Air Lines Company 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.