Brighton Jones LLC Purchases 2,302 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Brighton Jones LLC raised its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 33.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,174 shares of the transportation company’s stock after purchasing an additional 2,302 shares during the quarter. Brighton Jones LLC’s holdings in Delta Air Lines were worth $555,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hedges Asset Management LLC bought a new position in Delta Air Lines in the 4th quarter worth $224,000. Donoghue Forlines LLC purchased a new position in shares of Delta Air Lines during the 4th quarter valued at about $2,036,000. Raleigh Capital Management Inc. grew its stake in shares of Delta Air Lines by 206.2% during the 4th quarter. Raleigh Capital Management Inc. now owns 7,006 shares of the transportation company’s stock valued at $424,000 after acquiring an additional 4,718 shares during the period. Magnus Financial Group LLC increased its holdings in Delta Air Lines by 11.4% in the 4th quarter. Magnus Financial Group LLC now owns 5,903 shares of the transportation company’s stock worth $357,000 after acquiring an additional 602 shares in the last quarter. Finally, Dakota Wealth Management raised its stake in Delta Air Lines by 33.6% during the 4th quarter. Dakota Wealth Management now owns 8,235 shares of the transportation company’s stock worth $498,000 after acquiring an additional 2,069 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In other news, EVP Allison C. Ausband sold 7,510 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the sale, the executive vice president now owns 58,897 shares in the company, valued at approximately $3,688,130.14. This trade represents a 11.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines 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 transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 149,429 shares of company stock worth $9,924,819 over the last three months. 0.96% of the stock is owned by insiders.

Delta Air Lines Price Performance

DAL stock opened at $67.10 on Monday. The company has a fifty day simple moving average of $63.17 and a two-hundred day simple moving average of $53.22. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $43.30 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 0.79 and a beta of 1.35.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a research note on Friday, November 15th. JPMorgan Chase & Co. boosted their price objective on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Jefferies Financial Group increased their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Finally, Susquehanna increased their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $78.22.

Delta Air Lines Company 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.