Delta Air Lines, Inc. (NYSE:DAL) Shares Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,530 shares of the transportation company’s stock after purchasing an additional 382 shares during the period. Perigon Wealth Management LLC’s holdings in Delta Air Lines were worth $565,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Quarry LP bought a new position in Delta Air Lines in the second quarter worth about $41,000. EP Wealth Advisors LLC raised its position in shares of Delta Air Lines by 10.6% during the 2nd quarter. EP Wealth Advisors LLC now owns 6,684 shares of the transportation company’s stock worth $317,000 after purchasing an additional 643 shares during the period. Truist Financial Corp lifted its holdings in shares of Delta Air Lines by 20.6% in the 2nd quarter. Truist Financial Corp now owns 179,211 shares of the transportation company’s stock worth $8,502,000 after purchasing an additional 30,599 shares during the last quarter. Cetera Investment Advisers boosted its position in Delta Air Lines by 0.9% during the 2nd quarter. Cetera Investment Advisers now owns 220,621 shares of the transportation company’s stock valued at $10,466,000 after purchasing an additional 2,055 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Delta Air Lines during the 2nd quarter worth $5,987,000. 69.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on DAL. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Monday, January 13th. 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 research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft lifted their price target on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Susquehanna increased their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lifted their target price on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $78.22.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the sale, the chief executive officer now owns 439,819 shares in the company, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Allison C. Ausband sold 7,510 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the completion of the transaction, the executive vice president now directly owns 58,897 shares in the company, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,150 shares of company stock worth $8,735,936. 0.96% of the stock is owned by insiders.

Delta Air Lines Trading Down 1.9 %

Shares of DAL stock opened at $67.24 on Friday. The stock has a 50-day simple moving average of $63.51 and a 200 day simple moving average of $53.80. The stock has a market capitalization of $43.39 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.80 and a beta of 1.35. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data 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 30.43%. The company had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same quarter last year, the firm posted $1.28 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts expect that Delta Air Lines, Inc. will post 7.67 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.