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

Sugarloaf Wealth Management LLC grew its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 10.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,690 shares of the transportation company’s stock after buying an additional 262 shares during the period. Sugarloaf Wealth Management LLC’s holdings in Delta Air Lines were worth $163,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DAL. Pzena Investment Management LLC bought a new stake in Delta Air Lines during the 3rd quarter valued at $281,206,000. Castle Hook Partners LP purchased a new position in shares of Delta Air Lines in the third quarter valued at $189,296,000. Dimensional Fund Advisors LP raised its stake in shares of Delta Air Lines by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock valued at $471,330,000 after purchasing an additional 1,105,674 shares during the period. Sanders Capital LLC raised its stake in shares of Delta Air Lines by 2.8% during the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after purchasing an additional 749,099 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in Delta Air Lines by 419.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company’s stock worth $28,551,000 after purchasing an additional 453,926 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Up 9.1 %

Shares of DAL opened at $66.99 on Friday. Delta Air Lines, Inc. has a 1 year low of $36.34 and a 1 year high of $68.99. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. The stock has a 50 day simple moving average of $62.27 and a two-hundred day simple moving average of $51.85. The firm has a market cap of $43.23 billion, a P/E ratio of 9.30, a P/E/G ratio of 1.21 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last announced 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 during the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 EPS. On average, analysts forecast that Delta Air Lines, Inc. will post 6.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein upped their price target on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. 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. The Goldman Sachs Group reissued a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. Susquehanna upped their price target on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday. Finally, Barclays lifted their price objective on Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $77.06.

Insider Transactions at Delta Air Lines

In related news, EVP Alain Bellemare sold 19,490 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the completion of the sale, the executive vice president now directly owns 121,961 shares in the company, valued at $6,739,564.86. This represents a 13.78 % decrease in their position. The transaction was disclosed in a 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 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. Over the last quarter, insiders have sold 136,809 shares of company stock worth $7,871,765. Company insiders own 0.96% of the company’s stock.

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.