Orion Portfolio Solutions LLC Boosts Stake in Delta Air Lines, Inc. (NYSE:DAL)

Orion Portfolio Solutions LLC increased its position in Delta Air Lines, Inc. (NYSE:DAL) by 60.7% in the 2nd quarter, Holdings Channel reports. The firm owned 5,468 shares of the transportation company’s stock after buying an additional 2,065 shares during the period. Orion Portfolio Solutions LLC’s holdings in Delta Air Lines were worth $153,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of DAL. Cetera Advisor Networks LLC lifted its holdings in shares of Delta Air Lines by 3.8% in the 1st quarter. Cetera Advisor Networks LLC now owns 20,038 shares of the transportation company’s stock valued at $572,000 after purchasing an additional 732 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Delta Air Lines by 196.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 139,921 shares of the transportation company’s stock valued at $3,992,000 after acquiring an additional 92,790 shares during the last quarter. Aigen Investment Management LP raised its stake in Delta Air Lines by 11.9% during the 1st quarter. Aigen Investment Management LP now owns 20,244 shares of the transportation company’s stock valued at $578,000 after acquiring an additional 2,147 shares during the last quarter. Swiss National Bank raised its stake in Delta Air Lines by 22.5% during the 1st quarter. Swiss National Bank now owns 627,629 shares of the transportation company’s stock valued at $17,906,000 after acquiring an additional 115,100 shares during the last quarter. Finally, Fiera Capital Corp raised its stake in shares of Delta Air Lines by 42.8% during the 1st quarter. Fiera Capital Corp now owns 10,558 shares of the transportation company’s stock worth $302,000 after buying an additional 3,163 shares in the last quarter. 58.31% of the stock is owned by institutional investors and hedge funds.

In other Delta Air Lines news, CFO Paul A. Jacobson sold 18,000 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $29.00, for a total transaction of $522,000.00. Following the transaction, the chief financial officer now owns 453,478 shares of the company’s stock, valued at approximately $13,150,862. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Paul A. Jacobson sold 25,000 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $31.70, for a total value of $792,500.00. In the last three months, insiders have sold 57,127 shares of company stock worth $1,723,900. Corporate insiders own 0.63% of the company’s stock.

Shares of NYSE:DAL opened at $32.84 on Friday. The business’s fifty day moving average price is $29.54 and its two-hundred day moving average price is $28.22. The stock has a market cap of $20.95 billion, a PE ratio of -5.63 and a beta of 1.32. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.91 and a current ratio of 0.94. Delta Air Lines, Inc. has a one year low of $17.51 and a one year high of $62.48.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Tuesday, July 14th. The transportation company reported ($4.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($4.24) by ($0.19). Delta Air Lines had a negative return on equity of 4.02% and a negative net margin of 10.74%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the company earned $2.35 EPS. The company’s revenue for the quarter was down 88.3% compared to the same quarter last year. As a group, equities research analysts predict that Delta Air Lines, Inc. will post -9.45 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on DAL. Credit Suisse Group reissued a “market perform” rating and set a $42.00 target price on shares of Delta Air Lines in a research note on Friday, June 12th. Barclays increased their target price on Delta Air Lines from $26.00 to $30.00 in a research note on Friday. Citigroup increased their target price on Delta Air Lines from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Cowen began coverage on Delta Air Lines in a research note on Friday, May 29th. They set a “buy” rating and a $33.00 target price for the company. Finally, Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating and set a $31.00 target price for the company in a research note on Wednesday, June 24th. Eleven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $45.37.

Delta Air Lines Profile

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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

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

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