Orion Portfolio Solutions LLC Has $5 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Orion Portfolio Solutions LLC boosted its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 323.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,716 shares of the transportation company's stock after buying an additional 63,175 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Delta Air Lines were worth $5,004,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of DAL. WASHINGTON TRUST Co raised its holdings in shares of Delta Air Lines by 7.5% in the fourth quarter. WASHINGTON TRUST Co now owns 2,150 shares of the transportation company's stock valued at $130,000 after purchasing an additional 150 shares during the last quarter. Hemington Wealth Management grew its position in Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company's stock valued at $28,000 after purchasing an additional 154 shares in the last quarter. Mason & Associates Inc increased its stake in Delta Air Lines by 3.2% in the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company's stock valued at $308,000 after buying an additional 160 shares during the last quarter. DAVENPORT & Co LLC increased its stake in Delta Air Lines by 1.2% in the 4th quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company's stock valued at $865,000 after buying an additional 173 shares during the last quarter. Finally, Armstrong Advisory Group Inc. lifted its position in Delta Air Lines by 10.6% during the 4th quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company's stock worth $110,000 after buying an additional 175 shares in the last quarter. Institutional investors own 69.93% of the company's stock.

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Delta Air Lines Stock Performance

Shares of NYSE:DAL traded down $4.05 during trading on Thursday, reaching $39.32. 8,012,872 shares of the stock were exchanged, compared to its average volume of 10,311,165. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98. The stock has a 50-day moving average price of $57.49 and a 200-day moving average price of $58.26. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The firm has a market cap of $25.42 billion, a PE ratio of 7.38, a PEG ratio of 0.75 and a beta of 1.34.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. 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 firm posted $1.28 EPS. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. Delta Air Lines's dividend payout ratio (DPR) is presently 11.26%.

Insider Buying and Selling

In other news, EVP Rahul D. Samant sold 38,023 shares of the firm's 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 transaction, the executive vice president now directly owns 52,789 shares of the company's stock, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the business'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 sale, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DAL. Jefferies Financial Group reaffirmed a "hold" rating and issued a $46.00 target price (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday. Bank of America lowered their price target on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research report on Thursday. Citigroup cut their price objective on 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 boosted their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Finally, The Goldman Sachs Group dropped their price target on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $71.49.

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.