Delta Air Lines, Inc. (NYSE:DAL) Stock Holdings Lowered by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC trimmed its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 71.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,618 shares of the transportation company’s stock after selling 8,894 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Delta Air Lines were worth $219,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC acquired a new position in shares of Delta Air Lines in the 3rd quarter worth $25,000. Kimelman & Baird LLC purchased a new position in Delta Air Lines in the 2nd quarter worth about $31,000. Ashton Thomas Securities LLC acquired a new stake in Delta Air Lines during the 3rd quarter worth about $31,000. Modus Advisors LLC purchased a new stake in Delta Air Lines during the fourth quarter valued at about $33,000. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Delta Air Lines by 217.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock worth $34,000 after buying an additional 380 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Activity

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the transaction, the senior vice president now owns 19,756 shares in the company, valued at $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,429 shares of company stock valued at $9,339,519 over the last 90 days. 0.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DAL has been the subject of several research analyst reports. Jefferies Financial Group upped their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Sanford C. Bernstein raised their target price 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. The Goldman Sachs Group reissued a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a research report on Friday, November 15th. Bank of America raised their price objective on Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, Citigroup upped their target price on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $78.22.

Delta Air Lines Stock Performance

Shares of DAL opened at $67.58 on Wednesday. The firm has a market cap of $43.61 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 0.79 and a beta of 1.35. The company’s fifty day moving average is $63.26 and its 200-day moving average is $53.43. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.76 by $0.09. The firm had revenue of $15.56 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.28 earnings per share. Equities analysts expect that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

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.