BluePath Capital Management LLC Purchases 4,567 Shares of Delta Air Lines, Inc. (NYSE:DAL)

BluePath Capital Management LLC increased its position in Delta Air Lines, Inc. (NYSE:DAL) by 23.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 23,657 shares of the transportation company’s stock after acquiring an additional 4,567 shares during the quarter. Delta Air Lines comprises 0.8% of BluePath Capital Management LLC’s investment portfolio, making the stock its 23rd largest holding. BluePath Capital Management LLC’s holdings in Delta Air Lines were worth $1,540,000 at the end of the most recent quarter.

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

Insider Activity

In other Delta Air Lines news, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction 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 owns 19,756 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward H. Bastian sold 68,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $24,775,004.27. This trade represents a 13.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,319 shares of company stock valued at $6,794,748. 0.96% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DAL has been the subject of a number of recent analyst reports. TD Cowen lifted their target price on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday. UBS Group reaffirmed a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Susquehanna raised their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Barclays upped their price target on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. lifted their price objective 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 given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $78.22.

Delta Air Lines Stock Performance

NYSE:DAL opened at $65.42 on Thursday. The company has a market capitalization of $42.21 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 1.17 and a beta of 1.35. The business has a 50 day moving average of $62.59 and a 200 day moving average of $52.15. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. Delta Air Lines, Inc. has a 1-year low of $36.34 and a 1-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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same period in the previous year, the business posted $1.28 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 6.08 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.