Signaturefd LLC Has $8.65 Million Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Signaturefd LLC increased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 170,292 shares of the transportation company’s stock after buying an additional 1,701 shares during the quarter. Signaturefd LLC’s holdings in Delta Air Lines were worth $8,649,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DAL. Jupiter Asset Management Ltd. acquired a new stake in shares of Delta Air Lines in the 2nd quarter valued at approximately $60,217,000. Russell Investments Group Ltd. raised its stake in Delta Air Lines by 96.1% in the 1st quarter. Russell Investments Group Ltd. now owns 2,487,387 shares of the transportation company’s stock valued at $119,057,000 after acquiring an additional 1,219,074 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Delta Air Lines by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock valued at $471,330,000 after purchasing an additional 1,105,674 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Delta Air Lines by 159.8% during the 2nd quarter. American Century Companies Inc. now owns 588,436 shares of the transportation company’s stock worth $27,915,000 after buying an additional 361,942 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Delta Air Lines by 98.5% during the 2nd quarter. Sei Investments Co. now owns 667,373 shares of the transportation company’s stock worth $31,660,000 after buying an additional 331,197 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Activity

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

Delta Air Lines Price Performance

DAL stock traded down $0.65 during midday trading on Tuesday, reaching $54.45. 2,085,530 shares of the stock were exchanged, compared to its average volume of 9,477,033. The stock has a market capitalization of $35.14 billion, a PE ratio of 7.87, a P/E/G ratio of 0.98 and a beta of 1.35. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $56.48. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35. The company has a fifty day moving average price of $46.13 and a 200 day moving average price of $47.21.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 7.46% and a return on equity of 36.02%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.03 EPS. As a group, analysts expect that Delta Air Lines, Inc. will post 6.17 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Thursday, October 10th. Delta Air Lines’s dividend payout ratio is 8.63%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Susquehanna boosted their price objective on Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a report on Wednesday, October 9th. Sanford C. Bernstein lifted their target price on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. TD Cowen cut their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. BNP Paribas upgraded shares of Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Barclays boosted their target price on shares of Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $65.40.

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.