Premier Path Wealth Partners LLC Makes New $211,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

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

Other institutional investors have also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC purchased a new stake in Delta Air Lines in the 3rd quarter valued at about $25,000. Kimelman & Baird LLC purchased a new stake in Delta Air Lines in the second quarter valued at approximately $31,000. Ashton Thomas Securities LLC acquired a new position in Delta Air Lines during the third quarter worth approximately $31,000. Modus Advisors LLC purchased a new position in Delta Air Lines during the fourth quarter worth approximately $33,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Delta Air Lines by 829.2% in the 4th quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 539 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Delta Air Lines

In other news, EVP Steven M. Sear sold 10,279 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $58.72, for a total transaction of $603,582.88. Following the completion of the transaction, the executive vice president now owns 78,459 shares of the company’s stock, valued at approximately $4,607,112.48. The trade was a 11.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP William C. Carroll sold 21,530 shares of the stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,319 shares of company stock worth $6,794,748. 0.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on DAL. Citigroup upped their price objective on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Bank of America increased their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Susquehanna lifted their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Sanford C. Bernstein increased their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group lifted their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $78.22.

Delta Air Lines Stock Down 0.6 %

Shares of Delta Air Lines stock opened at $65.81 on Monday. The business has a 50-day moving average price of $62.86 and a 200 day moving average price of $52.51. Delta Air Lines, Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $68.99. The firm has a market cap of $42.47 billion, a P/E ratio of 12.35, a P/E/G ratio of 1.05 and a beta of 1.35. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05.

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

About Delta Air Lines

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.