Delta Air Lines, Inc. (NYSE:DAL) Shares Sold by Signaturefd LLC

Signaturefd LLC lessened its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 16.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 141,628 shares of the transportation company's stock after selling 28,664 shares during the quarter. Signaturefd LLC's holdings in Delta Air Lines were worth $8,569,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Assetmark Inc. grew its position in shares of Delta Air Lines by 68.1% in the 3rd quarter. Assetmark Inc. now owns 3,006 shares of the transportation company's stock worth $153,000 after buying an additional 1,218 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Delta Air Lines during the third quarter worth $517,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Delta Air Lines by 12.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 40,965 shares of the transportation company's stock valued at $2,081,000 after purchasing an additional 4,447 shares during the last quarter. Huntington National Bank boosted its position in shares of Delta Air Lines by 2.9% in the 3rd quarter. Huntington National Bank now owns 6,679 shares of the transportation company's stock worth $339,000 after purchasing an additional 189 shares in the last quarter. Finally, KBC Group NV grew its stake in Delta Air Lines by 143.7% during the 3rd quarter. KBC Group NV now owns 56,611 shares of the transportation company's stock worth $2,876,000 after buying an additional 33,378 shares during the last quarter. Institutional investors own 69.93% of the company's stock.

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Analysts Set New Price Targets

DAL has been the subject of several recent analyst reports. UBS Group lowered their price target 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. Barclays dropped their target price on shares of Delta Air Lines from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Susquehanna raised their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Finally, StockNews.com raised Delta Air Lines from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $76.29.

Delta Air Lines Stock Performance

DAL stock traded down $0.07 during trading on Friday, hitting $46.89. 17,058,560 shares of the company traded hands, compared to its average volume of 8,796,913. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The company has a market cap of $30.31 billion, a PE ratio of 8.80, a P/E/G ratio of 0.75 and a beta of 1.34. The stock's 50-day simple moving average is $61.21 and its 200 day simple moving average is $57.99. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same period in the previous year, the firm earned $1.28 EPS. The business's quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines's payout ratio is currently 11.26%.

Insider Activity

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the transaction, the executive vice president now owns 52,789 shares in the company, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP William C. Carroll sold 6,783 shares of the business's stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 10,016 shares of the company's stock, valued at $660,455.04. This trade represents a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock worth $11,116,463 in the last ninety days. Company 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.