BCS Wealth Management Buys Shares of 3,512 Delta Air Lines, Inc. (NYSE:DAL)

BCS Wealth Management purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 3,512 shares of the transportation company’s stock, valued at approximately $212,000.

Other institutional investors have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new position in Delta Air Lines in the 3rd quarter valued at $25,000. Kimelman & Baird LLC purchased a new stake in shares of Delta Air Lines during the second quarter worth $31,000. Ashton Thomas Securities LLC acquired a new stake in shares of Delta Air Lines in the third quarter valued at about $31,000. Modus Advisors LLC purchased a new position in shares of Delta Air Lines in the fourth quarter worth about $33,000. Finally, Versant Capital Management Inc boosted its position in Delta Air Lines by 829.2% during the fourth quarter. Versant Capital Management Inc now owns 604 shares of the transportation company’s stock worth $37,000 after acquiring an additional 539 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Trading Up 1.6 %

NYSE DAL opened at $66.16 on Wednesday. Delta Air Lines, Inc. has a 12 month low of $36.34 and a 12 month high of $68.99. The stock has a market capitalization of $42.69 billion, a P/E ratio of 9.19, a PEG ratio of 1.17 and a beta of 1.35. The firm’s 50-day moving average is $62.59 and its two-hundred day moving average is $52.15. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The firm had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter last year, the company posted $1.28 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.08 earnings per share for the current year.

Insider Transactions at Delta Air Lines

In other news, EVP Alain Bellemare sold 19,490 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 121,961 shares of the company’s stock, valued at approximately $6,739,564.86. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,809 shares of company stock worth $7,871,765 over the last ninety days. Company insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

DAL has been the subject of a number of recent research reports. UBS Group reiterated a “buy” rating and issued a $88.00 price objective on shares of Delta Air Lines in a report on Tuesday, November 26th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. JPMorgan Chase & Co. lifted their price objective on Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $78.22.

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.