Signature Estate & Investment Advisors LLC Boosts Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Signature Estate & Investment Advisors LLC grew its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,390 shares of the transportation company’s stock after buying an additional 2,432 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Delta Air Lines were worth $3,170,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new stake in Delta Air Lines in the fourth quarter valued at about $27,000. Hemington Wealth Management raised its stake in shares of Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after buying an additional 154 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Delta Air Lines in the 4th quarter valued at approximately $29,000. Crews Bank & Trust purchased a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $30,000. Finally, Modus Advisors LLC acquired a new position in Delta Air Lines during the fourth quarter worth $33,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. TD Cowen raised their price objective on shares of 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 objective on Delta Air Lines from $90.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Citigroup lowered their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Finally, Barclays reduced their price target on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $76.29.

Insider Buying and Selling

In other Delta Air Lines news, SVP William C. Carroll sold 6,783 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the transaction, the senior vice president now owns 10,016 shares in the company, valued at $660,455.04. The trade was a 40.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rahul D. Samant sold 38,023 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 52,789 shares of the company’s stock, valued at $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 162,886 shares of company stock valued at $11,116,463. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

NYSE:DAL opened at $48.89 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The company has a market cap of $31.61 billion, a P/E ratio of 9.17, a P/E/G ratio of 0.75 and a beta of 1.34. The firm’s 50 day moving average is $60.48 and its two-hundred day moving average is $58.29. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS 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 company had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same period in the prior year, the firm posted $1.28 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. Analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.23%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

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.