Perigon Wealth Management LLC Buys 5,357 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Perigon Wealth Management LLC grew its stake in Delta Air Lines, Inc. (NYSE:DAL) by 51.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 15,686 shares of the transportation company’s stock after purchasing an additional 5,357 shares during the period. Perigon Wealth Management LLC’s holdings in Delta Air Lines were worth $631,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DAL. Norges Bank bought a new stake in shares of Delta Air Lines in the 4th quarter valued at approximately $60,640,000. Amundi lifted its stake in shares of Delta Air Lines by 79.5% in the 4th quarter. Amundi now owns 3,396,524 shares of the transportation company’s stock valued at $129,679,000 after purchasing an additional 1,504,544 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Delta Air Lines by 211.1% in the 1st quarter. AQR Capital Management LLC now owns 2,127,687 shares of the transportation company’s stock valued at $73,661,000 after purchasing an additional 1,443,810 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Delta Air Lines by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 68,234,306 shares of the transportation company’s stock valued at $2,700,032,000 after purchasing an additional 1,267,578 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Delta Air Lines by 27.0% in the 3rd quarter. Invesco Ltd. now owns 4,813,848 shares of the transportation company’s stock valued at $178,112,000 after purchasing an additional 1,022,957 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Edward H. Bastian sold 71,840 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total transaction of $2,816,128.00. Following the transaction, the chief executive officer now directly owns 428,768 shares in the company, valued at approximately $16,807,705.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.89% of the stock is owned by company insiders.

Delta Air Lines Trading Down 1.6 %

Shares of NYSE:DAL opened at $46.86 on Monday. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $49.81. The business’s fifty day simple moving average is $43.44 and its 200-day simple moving average is $39.39. The company has a market capitalization of $30.24 billion, a PE ratio of 6.02, a P/E/G ratio of 0.70 and a beta of 1.43. The company has a current ratio of 0.41, a quick ratio of 0.34 and a debt-to-equity ratio of 1.48.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same period last year, the business posted $0.25 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently issued reports on DAL. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Susquehanna raised 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. Deutsche Bank Aktiengesellschaft raised 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. UBS Group assumed coverage on Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target for the company. Finally, TheStreet raised Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $58.29.

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.