Sigma Planning Corp Sells 903 Shares of Delta Air Lines, Inc. $DAL

Sigma Planning Corp trimmed its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,349 shares of the transportation company’s stock after selling 903 shares during the period. Sigma Planning Corp’s holdings in Delta Air Lines were worth $1,050,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. South Dakota Investment Council lifted its position in shares of Delta Air Lines by 29.0% during the 2nd quarter. South Dakota Investment Council now owns 197,185 shares of the transportation company’s stock valued at $9,698,000 after acquiring an additional 44,373 shares during the period. State of Michigan Retirement System raised its holdings in shares of Delta Air Lines by 2.6% during the second quarter. State of Michigan Retirement System now owns 187,503 shares of the transportation company’s stock valued at $9,221,000 after purchasing an additional 4,700 shares during the period. Carson Advisory Inc. boosted its position in shares of Delta Air Lines by 5.9% during the 2nd quarter. Carson Advisory Inc. now owns 29,376 shares of the transportation company’s stock worth $1,445,000 after purchasing an additional 1,642 shares in the last quarter. Tredje AP fonden boosted its position in shares of Delta Air Lines by 67.4% during the 2nd quarter. Tredje AP fonden now owns 21,171 shares of the transportation company’s stock worth $1,041,000 after purchasing an additional 8,525 shares in the last quarter. Finally, Cambiar Investors LLC grew its stake in shares of Delta Air Lines by 19.5% in the 2nd quarter. Cambiar Investors LLC now owns 1,385,501 shares of the transportation company’s stock valued at $68,139,000 after buying an additional 226,234 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DAL. Sanford C. Bernstein raised their price objective on Delta Air Lines from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. lifted their price target on shares of Delta Air Lines from $72.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Evercore ISI boosted their price target on shares of Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Citigroup raised their price objective on shares of Delta Air Lines from $62.00 to $65.50 and gave the company a “buy” rating in a research note on Friday, July 11th. Finally, The Goldman Sachs Group lifted 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. One investment analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $71.53.

Delta Air Lines Trading Down 1.1%

NYSE DAL opened at $57.89 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $59.15 and a 200 day simple moving average of $54.00. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The firm has a market capitalization of $37.80 billion, a P/E ratio of 8.15, a PEG ratio of 1.35 and a beta of 1.52.

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

Delta Air Lines Announces Dividend

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

Insider Buying and Selling at Delta Air Lines

In other news, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the transaction, the executive vice president directly owned 81,109 shares of the company’s stock, valued at $5,055,523.97. This represents a 22.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP William C. Carroll sold 14,010 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total value of $858,112.50. Following the sale, the senior vice president directly owned 15,816 shares of the company’s stock, valued at $968,730. The trade was a 46.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 39,833 shares of company stock worth $2,463,585. Insiders own 0.88% of the company’s stock.

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.