Signaturefd LLC Raises Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Signaturefd LLC lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 170,292 shares of the transportation company’s stock after acquiring an additional 1,701 shares during the quarter. Signaturefd LLC’s holdings in Delta Air Lines were worth $8,649,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Manchester Capital Management LLC increased its position in shares of Delta Air Lines by 24.7% during the first quarter. Manchester Capital Management LLC now owns 983 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 195 shares during the last quarter. Armstrong Advisory Group Inc. increased its position in Delta Air Lines by 13.8% in the third quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company’s stock worth $84,000 after buying an additional 200 shares during the last quarter. Oakworth Capital Inc. increased its position in Delta Air Lines by 16.9% in the third quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock worth $72,000 after buying an additional 204 shares during the last quarter. HBK Sorce Advisory LLC increased its position in Delta Air Lines by 4.0% in the first quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company’s stock worth $276,000 after buying an additional 221 shares during the last quarter. Finally, Silverlake Wealth Management LLC increased its position in Delta Air Lines by 2.9% in the first quarter. Silverlake Wealth Management LLC now owns 8,145 shares of the transportation company’s stock worth $390,000 after buying an additional 229 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of recent research reports. Barclays raised their target price on Delta Air Lines from $52.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. lifted their price target on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Jefferies Financial Group lifted their price objective on Delta Air Lines from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. TD Cowen dropped their price objective on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, Sanford C. Bernstein lifted their price objective on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $65.40.

Delta Air Lines Trading Down 1.2 %

Shares of Delta Air Lines stock traded down $0.65 during midday trading on Tuesday, reaching $54.45. 2,085,530 shares of the company’s stock traded hands, compared to its average volume of 9,477,033. The stock has a 50 day moving average of $46.13 and a 200-day moving average of $47.21. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $56.48. The company has a market cap of $35.14 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.02). The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.03 earnings per share. As a group, equities analysts expect that Delta Air Lines, Inc. will post 6.17 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, October 31st. Stockholders of record on Thursday, October 10th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, October 10th. Delta Air Lines’s payout ratio is 8.63%.

Insider Activity

In other news, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $50.46, for a total transaction of $173,128.26. Following the sale, the executive vice president now owns 108,990 shares of the company’s stock, valued at approximately $5,499,635.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Alain Bellemare sold 19,490 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total value of $1,077,017.40. Following the transaction, the executive vice president now directly owns 121,961 shares of the company’s stock, valued at approximately $6,739,564.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Joanne D. Smith sold 3,431 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the completion of the transaction, the executive vice president now directly owns 108,990 shares in the company, valued at $5,499,635.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

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.