Premier Path Wealth Partners LLC Purchases Shares of 3,492 Delta Air Lines, Inc. (NYSE:DAL)

Premier Path Wealth Partners LLC acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,492 shares of the transportation company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DAL. Mason & Associates Inc grew its holdings in shares of Delta Air Lines by 3.2% during the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock worth $308,000 after purchasing an additional 160 shares in the last quarter. Armstrong Advisory Group Inc. boosted its stake in Delta Air Lines by 10.6% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company’s stock worth $110,000 after buying an additional 175 shares in the last quarter. Huntington National Bank increased its holdings in Delta Air Lines by 2.9% in the 3rd quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock valued at $339,000 after buying an additional 189 shares during the period. Oakworth Capital Inc. raised its stake in shares of Delta Air Lines by 16.9% in the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock valued at $72,000 after buying an additional 204 shares in the last quarter. Finally, Total Investment Management Inc. lifted its holdings in shares of Delta Air Lines by 3.0% during the 3rd quarter. Total Investment Management Inc. now owns 7,357 shares of the transportation company’s stock worth $374,000 after acquiring an additional 212 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Delta Air Lines

In related news, SVP William C. Carroll sold 21,530 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $60.62, for a total value of $1,305,148.60. Following the sale, the senior vice president now directly owns 19,756 shares in the company, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Edward H. Bastian sold 68,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $56.33, for a total transaction of $3,830,440.00. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $24,775,004.27. The trade was a 13.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 117,319 shares of company stock valued at $6,794,748. 0.96% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DAL. JPMorgan Chase & Co. increased their price target on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Bank of America raised their target price on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. UBS Group reiterated a “buy” rating and issued a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Finally, Jefferies Financial Group upped their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $78.22.

Delta Air Lines Price Performance

DAL opened at $65.81 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. The stock has a market capitalization of $42.47 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 1.05 and a beta of 1.35. The company’s 50 day simple moving average is $62.86 and its 200-day simple moving average is $52.51. Delta Air Lines, Inc. has a one year low of $36.69 and a one year high of $68.99.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $1.28 earnings per share. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.35 earnings per share for the current fiscal year.

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.