Perigon Wealth Management LLC Increases Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Perigon Wealth Management LLC grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 51.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,686 shares of the transportation company’s stock after purchasing an additional 5,357 shares during the quarter. Perigon Wealth Management LLC’s holdings in Delta Air Lines were worth $631,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Delta Air Lines by 495.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 570 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in shares of Delta Air Lines during the 4th quarter valued at $28,000. Venturi Wealth Management LLC increased its position in shares of Delta Air Lines by 396.6% during the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 575 shares during the last quarter. Moisand Fitzgerald Tamayo LLC increased its position in shares of Delta Air Lines by 55.2% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 311 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Delta Air Lines during the 3rd quarter valued at $35,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Stock Performance

NYSE:DAL opened at $46.86 on Monday. The business’s 50-day moving average price is $43.44 and its two-hundred day moving average price is $39.39. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $49.81. The stock has a market cap of $30.24 billion, a P/E ratio of 6.02, a PEG ratio of 0.70 and a beta of 1.43. The company has a quick ratio of 0.34, a current ratio of 0.41 and a debt-to-equity ratio of 1.48.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The firm had revenue of $13.75 billion for the quarter, compared to analysts’ expectations of $12.51 billion. During the same quarter last year, the firm posted $0.25 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts predict that Delta Air Lines, Inc. will post 6.52 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.85%. Delta Air Lines’s dividend payout ratio is 5.14%.

Analyst Upgrades and Downgrades

DAL has been the subject of several research reports. Susquehanna increased their price target on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. Bank of America increased their price target on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday. StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Morgan Stanley reiterated an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $58.29.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of Delta Air Lines stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the transaction, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at approximately $16,807,705.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.89% of the stock is currently owned by insiders.

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.