Regent Peak Wealth Advisors LLC Acquires New Shares in Delta Air Lines, Inc. $DAL

Regent Peak Wealth Advisors LLC bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 70,567 shares of the transportation company’s stock, valued at approximately $4,005,000. Delta Air Lines accounts for about 0.8% of Regent Peak Wealth Advisors LLC’s portfolio, making the stock its 26th biggest holding.

Other large investors have also recently made changes to their positions in the company. Signature Resources Capital Management LLC bought a new stake in shares of Delta Air Lines during the second quarter valued at about $25,000. NewSquare Capital LLC boosted its position in shares of Delta Air Lines by 184.6% in the second quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 371 shares during the period. Activest Wealth Management grew its stake in Delta Air Lines by 2,280.8% during the second quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 593 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new position in Delta Air Lines during the first quarter valued at approximately $31,000. Finally, Kilter Group LLC bought a new stake in Delta Air Lines during the 2nd quarter worth approximately $35,000. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Stock Up 0.7%

DAL opened at $71.02 on Friday. The business’s fifty day simple moving average is $63.08 and its 200 day simple moving average is $58.35. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $72.34. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $46.37 billion, a PE ratio of 10.00, a P/E/G ratio of 1.55 and a beta of 1.38.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $8.40 billion during the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. As a group, research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Insider Activity at Delta Air Lines

In other news, EVP John E. Laughter sold 23,323 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the sale, the executive vice president directly owned 81,109 shares in the company, valued at approximately $5,055,523.97. The trade was a 22.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the sale, the senior vice president directly owned 15,816 shares of the company’s stock, valued at $968,730. This trade represents a 46.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Cowen reissued a “buy” rating on shares of Delta Air Lines in a report on Thursday, December 4th. Sanford C. Bernstein upped their price target on shares of Delta Air Lines from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, October 10th. Jefferies Financial Group dropped their price objective on Delta Air Lines from $74.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. Susquehanna boosted their target price on Delta Air Lines from $68.00 to $70.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Finally, Rothschild & Co Redburn upped their target price on Delta Air Lines from $65.00 to $72.00 in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. Based on data from MarketBeat, Delta Air Lines has an average rating of “Buy” and an average price target of $75.07.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.