Sugarloaf Wealth Management LLC Acquires 262 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Sugarloaf Wealth Management LLC increased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,690 shares of the transportation company’s stock after acquiring an additional 262 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Delta Air Lines were worth $163,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity at Delta Air Lines

In related news, EVP Allison C. Ausband sold 7,510 shares of the 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 of the company’s stock, valued at approximately $3,688,130.14. This represents a 11.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Edward H. Bastian sold 68,000 shares of Delta Air Lines stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $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 sold 136,809 shares of company stock valued at $7,871,765. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Price Performance

NYSE:DAL opened at $66.99 on Friday. The stock has a market cap of $43.23 billion, a PE ratio of 9.30, a P/E/G ratio of 1.21 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. The business’s 50-day simple moving average is $62.27 and its two-hundred day simple moving average is $51.85. Delta Air Lines, Inc. has a 52 week low of $36.34 and a 52 week high of $68.99.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping 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 company had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same period in the previous year, the firm earned $1.28 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. As a group, analysts forecast that Delta Air Lines, Inc. will post 6.08 EPS for the current fiscal year.

Analyst Ratings Changes

DAL has been the subject of several research analyst reports. TD Cowen lifted their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Citigroup lifted their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Jefferies Financial Group raised 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. Barclays increased their price target on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Susquehanna boosted their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $77.06.

Delta Air Lines 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.