Paradigm Financial Advisors LLC Lowers Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Paradigm Financial Advisors LLC reduced its position in Delta Air Lines, Inc. (NYSE:DALGet Rating) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,551 shares of the transportation company’s stock after selling 740 shares during the period. Paradigm Financial Advisors LLC’s holdings in Delta Air Lines were worth $1,936,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC purchased a new stake in shares of Delta Air Lines in the fourth quarter worth about $25,000. Old North State Trust LLC lifted its position in shares of Delta Air Lines by 790.7% in the fourth quarter. Old North State Trust LLC now owns 668 shares of the transportation company’s stock worth $26,000 after buying an additional 593 shares in the last quarter. Evolution Advisers Inc. purchased a new stake in shares of Delta Air Lines in the fourth quarter worth about $29,000. Wealth Quarterback LLC raised its position in Delta Air Lines by 257.8% during the third quarter. Wealth Quarterback LLC now owns 5,034 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 3,627 shares during the period. Finally, Aquire Wealth Advisors LLC purchased a new stake in Delta Air Lines during the fourth quarter valued at approximately $40,000. Institutional investors own 63.24% of the company’s stock.

In related news, Director Greg Creed bought 11,000 shares of the company’s stock in a transaction on Friday, April 22nd. The shares were acquired at an average price of $44.03 per share, with a total value of $484,330.00. Following the transaction, the director now owns 11,000 shares of the company’s stock, valued at $484,330. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joanne D. Smith sold 6,098 shares of the stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $41.99, for a total value of $256,055.02. Following the sale, the executive vice president now owns 129,881 shares of the company’s stock, valued at approximately $5,453,703.19. The disclosure for this sale can be found here. Insiders have sold a total of 25,122 shares of company stock worth $1,089,874 in the last ninety days. Insiders own 0.63% of the company’s stock.

NYSE:DAL traded up $1.66 during midday trading on Friday, hitting $38.33. The stock had a trading volume of 11,562,567 shares, compared to its average volume of 15,531,334. Delta Air Lines, Inc. has a one year low of $29.75 and a one year high of $48.54. The company has a market capitalization of $24.57 billion, a price-to-earnings ratio of 48.52 and a beta of 1.05. The stock has a 50-day moving average of $39.07 and a 200 day moving average of $39.49. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 8.17.

Delta Air Lines (NYSE:DALGet Rating) last announced its quarterly earnings data on Wednesday, April 13th. The transportation company reported ($1.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.28) by $0.05. Delta Air Lines had a negative return on equity of 41.80% and a net margin of 1.47%. The company had revenue of $9.35 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter in the prior year, the firm earned ($3.55) earnings per share. Delta Air Lines’s revenue was up 125.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 2.49 earnings per share for the current fiscal year.

DAL has been the topic of a number of recent research reports. Susquehanna upped their price objective on Delta Air Lines from $45.00 to $47.00 in a research report on Thursday, April 14th. Susquehanna Bancshares upped their price objective on Delta Air Lines from $45.00 to $47.00 in a research report on Thursday, April 14th. Berenberg Bank upgraded Delta Air Lines from a “hold” rating to a “buy” rating and upped their price objective for the company from $48.00 to $50.00 in a research report on Tuesday, January 25th. Barclays upgraded Delta Air Lines from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $42.00 to $60.00 in a research report on Thursday, April 14th. Finally, Zacks Investment Research upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Wednesday, April 20th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average target price of $52.41.

About Delta Air Lines (Get Rating)

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, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.

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

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