Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 19.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,401 shares of the transportation company’s stock after purchasing an additional 553 shares during the period. Geneos Wealth Management Inc.’s holdings in Delta Air Lines were worth $206,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. boosted its position in Delta Air Lines by 5.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock valued at $13,644,000 after buying an additional 13,802 shares during the last quarter. KBC Group NV boosted its holdings in Delta Air Lines by 143.7% in the third quarter. KBC Group NV now owns 56,611 shares of the transportation company’s stock valued at $2,876,000 after purchasing an additional 33,378 shares during the last quarter. Olstein Capital Management L.P. grew its stake in Delta Air Lines by 32.6% during the 3rd quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock valued at $8,888,000 after purchasing an additional 43,000 shares in the last quarter. Donoghue Forlines LLC purchased a new stake in Delta Air Lines during the 4th quarter worth approximately $2,036,000. Finally, River Road Asset Management LLC raised its position in shares of Delta Air Lines by 22.8% in the 3rd quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company’s stock valued at $6,634,000 after purchasing an additional 24,249 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction on 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 owns 439,819 shares in the company, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Allison C. Ausband sold 7,510 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total value of $470,276.20. Following the transaction, the executive vice president now directly owns 58,897 shares in the company, valued at $3,688,130.14. This trade represents a 11.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 139,429 shares of company stock worth $9,339,519. Company insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DAL shares. TD Cowen raised their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. upped their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Jefferies Financial Group lifted their price target on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, UBS Group restated a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $68.37 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The firm has a market capitalization of $44.12 billion, a PE ratio of 12.83, a P/E/G ratio of 0.79 and a beta of 1.35. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98. The business’s fifty day moving average price is $63.32 and its two-hundred day moving average price is $53.60.

Delta Air Lines (NYSE:DAL) last released 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 5.61% and a return on equity of 30.43%. The business had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter last year, the company earned $1.28 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts expect that Delta Air Lines, Inc. will post 7.67 EPS for the current year.

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.