Dynamic Advisor Solutions LLC Makes New $635,000 Investment in Delta Air Lines, Inc. (NYSE:DAL)

Dynamic Advisor Solutions LLC acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,512 shares of the transportation company’s stock, valued at approximately $635,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DAL. Kimelman & Baird LLC acquired a new position in Delta Air Lines during the 2nd quarter valued at approximately $31,000. Strategic Financial Concepts LLC acquired a new position in shares of Delta Air Lines in the 2nd quarter valued at $36,000. Rise Advisors LLC raised its stake in Delta Air Lines by 122.5% in the 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after acquiring an additional 452 shares during the last quarter. Unique Wealth Strategies LLC acquired a new stake in Delta Air Lines during the 2nd quarter worth about $40,000. Finally, Quarry LP purchased a new stake in Delta Air Lines during the 2nd quarter valued at about $41,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Trading Up 2.1 %

Shares of DAL stock opened at $51.33 on Friday. The stock has a 50 day simple moving average of $44.19 and a 200-day simple moving average of $46.89. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $53.86. The company has a market cap of $33.13 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 0.98 and a beta of 1.35. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.40 and a quick ratio of 0.35.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.02). The company had revenue of $15.68 billion for the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.03 earnings per share. On average, equities research analysts expect that Delta Air Lines, Inc. will post 6.17 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.17%. Delta Air Lines’s payout ratio is currently 8.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DAL shares. TD Cowen decreased their target price on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Sanford C. Bernstein upped their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday. BNP Paribas raised shares of Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Bank of America upped their price target on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday. Finally, Barclays lifted their price objective on Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $65.40.

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.