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

Geneos Wealth Management Inc. increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 19.4% in 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 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DAL. Mason & Associates Inc raised its holdings in Delta Air Lines by 3.2% during the fourth quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock worth $308,000 after purchasing an additional 160 shares during the last quarter. Armstrong Advisory Group Inc. increased its position in shares of Delta Air Lines by 10.6% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company’s stock valued at $110,000 after buying an additional 175 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of Delta Air Lines by 3.7% during the 4th quarter. Ballentine Partners LLC now owns 5,267 shares of the transportation company’s stock worth $319,000 after buying an additional 188 shares during the last quarter. Huntington National Bank boosted its position in shares of Delta Air Lines by 2.9% in the 3rd quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock worth $339,000 after buying an additional 189 shares in the last quarter. Finally, Oakworth Capital Inc. grew its stake in Delta Air Lines by 16.9% in the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

DAL opened at $68.37 on Thursday. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The company’s 50 day simple moving average is $63.32 and its 200 day simple moving average is $53.60. The stock 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 (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.28 EPS. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post 7.67 EPS for the current year.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Steven M. Sear sold 10,279 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $58.72, for a total transaction of $603,582.88. Following the completion of the sale, the executive vice president now directly owns 78,459 shares in the company, valued at $4,607,112.48. The trade was a 11.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $470,276.20. Following the completion of the transaction, the executive vice president now directly owns 58,897 shares in the company, valued at approximately $3,688,130.14. This represents a 11.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 139,429 shares of company stock worth $9,339,519 over the last three months. 0.96% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DAL shares. StockNews.com upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upped their target price on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Sanford C. Bernstein raised their price target on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. TD Cowen upped their price objective on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, Jefferies Financial Group boosted their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines has an average rating of “Buy” and an average target price 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.