Signature Estate & Investment Advisors LLC Purchases 2,477 Shares of Delta Air Lines, Inc. $DAL

Signature Estate & Investment Advisors LLC boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 2.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,778 shares of the transportation company’s stock after purchasing an additional 2,477 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Delta Air Lines were worth $4,612,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Signature Resources Capital Management LLC bought a new position in Delta Air Lines in the second quarter worth about $25,000. Activest Wealth Management raised its holdings in Delta Air Lines by 2,280.8% in the second quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock worth $30,000 after purchasing an additional 593 shares in the last quarter. Wealth Preservation Advisors LLC bought a new position in Delta Air Lines in the first quarter worth about $31,000. Zions Bancorporation National Association UT bought a new position in Delta Air Lines in the first quarter worth about $33,000. Finally, Hara Capital LLC bought a new position in Delta Air Lines in the first quarter worth about $35,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $59.70 on Friday. The business’s 50 day moving average price is $59.35 and its 200 day moving average price is $52.13. The firm 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, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. The firm had revenue of $8.40 billion for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. On average, sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

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

Insider Activity at Delta Air Lines

In related news, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president owned 15,816 shares in the company, valued at $968,730. This represents a 46.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Edward H. Bastian sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were 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 owned 632,823 shares in the company, valued at approximately $35,615,278.44. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,510 shares of company stock worth $2,979,663 over the last quarter. Insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Delta Air Lines in a report on Wednesday, October 8th. Barclays upped their price objective on shares of Delta Air Lines from $58.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, July 11th. UBS Group upped their price objective on shares of Delta Air Lines from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, October 10th. The Goldman Sachs Group upped their price objective on shares of Delta Air Lines from $60.00 to $67.00 and gave the company a “buy” rating in a report on Friday, July 11th. Finally, Raymond James Financial upped their price objective on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “strong-buy” rating in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. According to MarketBeat, Delta Air Lines presently has an average rating of “Buy” and a consensus target price of $71.53.

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.