Insigneo Advisory Services LLC Trims Stock Position in Delta Air Lines, Inc. $DAL

Insigneo Advisory Services LLC trimmed its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 26.3% in the second quarter, HoldingsChannel reports. The firm owned 5,622 shares of the transportation company’s stock after selling 2,010 shares during the period. Insigneo Advisory Services LLC’s holdings in Delta Air Lines were worth $277,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Signature Resources Capital Management LLC acquired a new stake in Delta Air Lines during the 2nd quarter valued at $25,000. NewSquare Capital LLC lifted its position in shares of Delta Air Lines by 184.6% in the second quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 371 shares in the last quarter. Activest Wealth Management lifted its position in shares of Delta Air Lines by 2,280.8% in the second quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 593 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of Delta Air Lines during the first quarter valued at $31,000. Finally, Zions Bancorporation National Association UT purchased a new stake in Delta Air Lines during the 1st quarter worth about $33,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP William C. Carroll sold 14,010 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total value of $858,112.50. Following the transaction, the senior vice president directly owned 15,816 shares in the company, valued at $968,730. This trade represents a 46.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John E. Laughter sold 23,323 shares of Delta Air Lines stock in a transaction dated Tuesday, October 21st. The shares were 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 in the company, valued at $5,055,523.97. This represents a 22.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.88% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Jefferies Financial Group upped their target price on shares of Delta Air Lines from $70.00 to $74.00 and gave the company a “buy” rating in a report on Monday, October 13th. 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 research note on Friday, October 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Delta Air Lines in a research report on Wednesday, October 8th. Susquehanna boosted their price target on Delta Air Lines from $68.00 to $70.00 and gave the company a “positive” rating in a report on Friday, October 10th. Finally, Wall Street Zen raised Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. One research 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.com, the stock has a consensus rating of “Buy” and a consensus target price of $71.68.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $64.29 on Thursday. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. The company has a 50 day moving average price of $58.71 and a 200 day moving average price of $55.61. The firm has a market capitalization of $41.98 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 1.35 and a beta of 1.52.

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

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, October 16th. Delta Air Lines’s payout ratio is 10.56%.

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.