Orion Portfolio Solutions LLC Grows Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

Orion Portfolio Solutions LLC lifted its position in Delta Air Lines, Inc. (NYSE:DALFree Report) by 206.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,620 shares of the transportation company’s stock after acquiring an additional 15,902 shares during the period. Orion Portfolio Solutions LLC’s holdings in Delta Air Lines were worth $983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in DAL. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter worth $27,000. Venturi Wealth Management LLC grew its stake in Delta Air Lines by 396.6% during the 4th quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 575 shares in the last quarter. Manchester Capital Management LLC raised its holdings in Delta Air Lines by 26,166.7% in the 4th quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 785 shares during the last quarter. Headlands Technologies LLC purchased a new position in Delta Air Lines in the 3rd quarter worth approximately $35,000. Finally, Nordwand Advisors LLC acquired a new position in shares of Delta Air Lines during the 4th quarter worth approximately $40,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Morgan Stanley reiterated an “overweight” rating and set a $85.00 price objective on shares of Delta Air Lines in a research report on Thursday, April 11th. Bank of America lifted their price target on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. HSBC assumed coverage on shares of Delta Air Lines in a research report on Monday, May 13th. They set a “buy” rating and a $72.80 price target on the stock. UBS Group started coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 target price on the stock. Finally, Susquehanna increased their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $59.85.

Check Out Our Latest Stock Analysis on Delta Air Lines

Delta Air Lines Price Performance

DAL opened at $50.79 on Tuesday. The stock’s 50-day moving average price is $49.69 and its 200 day moving average price is $43.63. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $53.86. The firm has a market cap of $32.78 billion, a price-to-earnings ratio of 6.53, a PEG ratio of 0.75 and a beta of 1.37. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48.

Delta Air Lines (NYSE:DALGet Free Report) last issued its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $13.75 billion for the quarter, compared to analysts’ expectations of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 earnings per share. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post 6.66 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.79%. Delta Air Lines’s dividend payout ratio (DPR) is 5.14%.

Insider Transactions at Delta Air Lines

In related news, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the completion of the transaction, the president now directly owns 217,584 shares in the company, valued at $10,672,495.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Delta Air Lines news, EVP Peter W. Carter sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $50.00, for a total transaction of $2,500,000.00. Following the completion of the transaction, the executive vice president now owns 143,328 shares in the company, valued at approximately $7,166,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the sale, the president now directly owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 178,919 shares of company stock valued at $8,834,653. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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