Envestnet Portfolio Solutions Inc. Trims Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Envestnet Portfolio Solutions Inc. lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 34.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 28,705 shares of the transportation company's stock after selling 14,781 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Delta Air Lines were worth $1,737,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Natixis Advisors LLC lifted its holdings in Delta Air Lines by 12.9% in the third quarter. Natixis Advisors LLC now owns 169,056 shares of the transportation company's stock valued at $8,587,000 after buying an additional 19,350 shares during the period. Swiss National Bank lifted its stake in shares of Delta Air Lines by 0.7% in the 3rd quarter. Swiss National Bank now owns 478,900 shares of the transportation company's stock valued at $24,323,000 after purchasing an additional 3,400 shares during the period. Quest Partners LLC acquired a new position in shares of Delta Air Lines in the 3rd quarter valued at about $453,000. Pathstone Holdings LLC boosted its position in shares of Delta Air Lines by 8.4% during the 3rd quarter. Pathstone Holdings LLC now owns 56,926 shares of the transportation company's stock valued at $2,891,000 after purchasing an additional 4,413 shares in the last quarter. Finally, Caprock Group LLC grew its stake in Delta Air Lines by 15.0% during the third quarter. Caprock Group LLC now owns 11,956 shares of the transportation company's stock worth $607,000 after purchasing an additional 1,559 shares during the period. Institutional investors and hedge funds own 69.93% of the company's stock.

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Insider Activity at Delta Air Lines

In other news, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the transaction, the executive vice president now directly owns 52,789 shares of the company's stock, valued at $3,425,478.21. This represents a 41.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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 trade represents a 17.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DAL. Susquehanna boosted their price target on Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, January 7th. StockNews.com raised shares of Delta Air Lines from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Citigroup reduced their price target on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. TD Cowen upped their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a report on Monday, January 13th. Finally, UBS Group cut their price objective on shares of Delta Air Lines from $90.00 to $77.00 and set a "buy" rating on the stock in a research report on Tuesday, March 11th. Fourteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines currently has an average rating of "Buy" and a consensus price target of $76.29.

Delta Air Lines Stock Down 0.0 %

Shares of NYSE DAL traded down $0.02 during trading on Tuesday, hitting $48.86. The stock had a trading volume of 2,632,236 shares, compared to its average volume of 8,798,769. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The firm has a fifty day moving average of $60.48 and a two-hundred day moving average of $58.29. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98. The company has a market capitalization of $31.59 billion, a PE ratio of 9.17, a PEG ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL - Get Free Report) 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 analysts' expectations of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.28 EPS. As a group, equities research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Thursday, February 27th. Delta Air Lines's dividend payout ratio (DPR) is currently 11.26%.

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.