Delta Air Lines, Inc. (NYSE:DAL) Stock Holdings Increased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 323.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 82,716 shares of the transportation company’s stock after acquiring an additional 63,175 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Delta Air Lines were worth $5,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in DAL. Pictet Asset Management Holding SA boosted its holdings in shares of Delta Air Lines by 7.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 123,398 shares of the transportation company’s stock valued at $7,466,000 after buying an additional 8,977 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Delta Air Lines by 3.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 58,634 shares of the transportation company’s stock valued at $3,547,000 after acquiring an additional 1,838 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $6,354,000. Norges Bank acquired a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $152,342,000. Finally, Blair William & Co. IL lifted its holdings in shares of Delta Air Lines by 5.4% in the 4th quarter. Blair William & Co. IL now owns 20,850 shares of the transportation company’s stock worth $1,261,000 after purchasing an additional 1,068 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Buying and Selling

In other news, SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Rahul D. Samant sold 17,970 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total value of $1,241,367.60. Following the sale, the executive vice president now directly owns 35,889 shares in the company, valued at $2,479,212.12. This trade represents a 33.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 162,886 shares of company stock worth $11,116,463. Corporate insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Barclays dropped their price objective on shares of Delta Air Lines from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. TD Cowen upped their target price 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. Citigroup dropped their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Finally, Susquehanna increased their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $76.29.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $43.80 on Friday. Delta Air Lines, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The firm has a market cap of $28.31 billion, a P/E ratio of 8.22, a PEG ratio of 0.75 and a beta of 1.34. The stock has a fifty day moving average price of $58.94 and a two-hundred day moving average price of $58.29. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL) last released its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same period in the previous year, the company earned $1.28 earnings per share. Delta Air Lines’s revenue was up 9.4% compared to the same quarter last year. Research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.37%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s dividend payout ratio is presently 11.26%.

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.