Dynamic Advisor Solutions LLC Decreases Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Dynamic Advisor Solutions LLC reduced its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 71.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Mason & Associates Inc raised its position in shares of Delta Air Lines by 3.2% in the fourth quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company's stock worth $308,000 after acquiring an additional 160 shares during the period. Armstrong Advisory Group Inc. increased its holdings in Delta Air Lines by 10.6% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company's stock worth $110,000 after acquiring an additional 175 shares in the last quarter. Ballentine Partners LLC raised its position in Delta Air Lines by 3.7% during the fourth quarter. Ballentine Partners LLC now owns 5,267 shares of the transportation company's stock worth $319,000 after acquiring an additional 188 shares during the period. Huntington National Bank lifted its holdings in Delta Air Lines by 2.9% during the third quarter. Huntington National Bank now owns 6,679 shares of the transportation company's stock valued at $339,000 after purchasing an additional 189 shares in the last quarter. Finally, Oakworth Capital Inc. increased its stake in shares of Delta Air Lines by 16.9% during the third quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company's stock worth $72,000 after purchasing an additional 204 shares in the last quarter. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Trading Up 0.9 %

Shares of NYSE DAL traded up $0.63 during mid-day trading on Wednesday, reaching $68.28. 1,866,413 shares of the company's stock were exchanged, compared to its average volume of 8,957,662. The firm has a market capitalization of $44.06 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 0.79 and a beta of 1.35. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98. The company's 50-day moving average is $63.32 and its 200-day moving average is $53.60. 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 - Get Free Report) last announced its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The business had revenue of $15.56 billion during the quarter, compared to analysts' expectations of $14.20 billion. During the same period last year, the business earned $1.28 earnings per share. The business's revenue for the quarter was up 9.4% on a year-over-year basis. Analysts expect that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Edward H. Bastian sold 91,710 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the transaction, the chief executive officer now owns 439,819 shares of the company's stock, valued at approximately $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP William C. Carroll sold 8,400 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $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 139,429 shares of company stock worth $9,339,519 over the last ninety days. Corporate insiders own 0.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DAL. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. Bank of America boosted their price target 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. Barclays raised their price objective on Delta Air Lines from $60.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Citigroup increased their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, StockNews.com upgraded shares of Delta Air Lines from a "hold" rating to a "buy" rating in a research report on Monday, January 13th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $78.22.

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.