Perigon Wealth Management LLC Boosts Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Perigon Wealth Management LLC raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Future Financial Wealth Managment LLC purchased a new position in shares of Delta Air Lines during the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Delta Air Lines during the 3rd quarter worth $31,000. Modus Advisors LLC acquired a new stake in shares of Delta Air Lines during the fourth quarter worth $33,000. Harbor Investment Advisory LLC grew its position in shares of Delta Air Lines by 217.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 380 shares during the period. Finally, Sugar Maple Asset Management LLC acquired a new position in Delta Air Lines in the fourth quarter valued at $36,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $67.24 on Friday. The company has a market cap of $43.39 billion, a P/E ratio of 12.62, a PEG ratio of 0.80 and a beta of 1.35. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The business’s 50-day simple moving average is $63.51 and its 200 day simple moving average is $53.80. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 earnings per share. On average, sell-side analysts forecast that Delta Air Lines, Inc. will post 7.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Allison C. Ausband sold 7,510 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total transaction of $470,276.20. Following the transaction, the executive vice president now directly owns 58,897 shares in the company, valued at $3,688,130.14. This represents a 11.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the transaction, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,150 shares of company stock valued at $8,735,936 in the last ninety days. Insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DAL. Sanford C. Bernstein raised their price target on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group restated a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, Jefferies Financial Group increased their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $78.22.

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.