TriaGen Wealth Management LLC Buys New Shares in Delta Air Lines, Inc. (NYSE:DAL)

TriaGen Wealth Management LLC bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,997 shares of the transportation company’s stock, valued at approximately $423,000.

Several other large investors have also recently bought and sold shares of the stock. New Wave Wealth Advisors LLC bought a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $27,000. Future Financial Wealth Managment LLC bought a new stake in Delta Air Lines during the third quarter worth $25,000. Crews Bank & Trust acquired a new stake in Delta Air Lines in the fourth quarter valued at $30,000. Modus Advisors LLC bought a new position in shares of Delta Air Lines in the 4th quarter valued at about $33,000. Finally, Harbor Investment Advisory LLC increased its stake in shares of Delta Air Lines by 217.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock worth $34,000 after purchasing an additional 380 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group reiterated a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a research note on Tuesday, November 26th. Citigroup lifted their target price on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. StockNews.com upgraded Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Barclays lifted their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, TD Cowen increased their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $78.22.

Insider Activity at Delta Air Lines

In related news, SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Edward H. Bastian sold 91,710 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their position. 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 over the last quarter. 0.96% of the stock is owned by corporate insiders.

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $67.24 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98. The company’s 50 day moving average price is $63.51 and its two-hundred day moving average price is $53.80. The firm has a market cap of $43.39 billion, a PE ratio of 12.62, a PEG ratio of 0.80 and a beta of 1.35.

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