Delta Air Lines, Inc. $DAL Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 9.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 124,848 shares of the transportation company’s stock after acquiring an additional 10,297 shares during the period. ProShare Advisors LLC’s holdings in Delta Air Lines were worth $8,664,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Financial Bank Trust Division lifted its position in Delta Air Lines by 3.3% during the 4th quarter. First Financial Bank Trust Division now owns 4,721 shares of the transportation company’s stock worth $328,000 after acquiring an additional 150 shares in the last quarter. LRI Investments LLC raised its position in shares of Delta Air Lines by 3.4% in the 4th quarter. LRI Investments LLC now owns 4,644 shares of the transportation company’s stock valued at $322,000 after purchasing an additional 154 shares in the last quarter. JFS Wealth Advisors LLC raised its position in shares of Delta Air Lines by 25.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 794 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 161 shares in the last quarter. Apella Capital LLC raised its position in shares of Delta Air Lines by 4.6% in the 4th quarter. Apella Capital LLC now owns 3,717 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 164 shares in the last quarter. Finally, Kaufman Rossin Wealth LLC raised its position in shares of Delta Air Lines by 2.2% in the 4th quarter. Kaufman Rossin Wealth LLC now owns 8,593 shares of the transportation company’s stock valued at $596,000 after purchasing an additional 182 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DAL. Susquehanna cut their target price on Delta Air Lines from $81.00 to $78.00 and set a “positive” rating on the stock in a research report on Thursday, April 9th. BNP Paribas Exane cut their target price on Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. Bank of America cut their target price on Delta Air Lines from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Wells Fargo & Company cut their target price on Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. Finally, Argus upped their target price on Delta Air Lines from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.76.

Key Headlines Impacting Delta Air Lines

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: Recent coverage highlighted Delta as outperforming the broader market, with trading strength tied to continued investor optimism after Berkshire Hathaway disclosed a new multi-billion-dollar stake in the airline. Delta Air Lines shares jump after Berkshire Hathaway reveals a new multi-billion-dollar stake
• Positive Sentiment: Falling oil prices have also supported airline stocks, since lower jet fuel costs can improve margins for carriers like Delta Air Lines. Airline Stocks Rise As Oil Prices Drop: Here’s What You Should Know
• Positive Sentiment: Analyst commentary has remained constructive, with multiple firms maintaining buy or overweight ratings and several recent price targets above current levels, reinforcing the bullish view on DAL. Analysts Offer Insights on Industrial Goods Companies: RXO, Inc. (RXO) and Delta Air Lines (DAL)

Delta Air Lines Stock Performance

DAL stock opened at $75.67 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The firm has a market cap of $49.72 billion, a P/E ratio of 11.03, a P/E/G ratio of 1.07 and a beta of 1.25. Delta Air Lines, Inc. has a 12-month low of $45.28 and a 12-month high of $76.39. The stock’s 50 day simple moving average is $67.89 and its 200 day simple moving average is $67.14.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 5.26 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, May 14th. Delta Air Lines’s dividend payout ratio is currently 10.93%.

Insider Activity at Delta Air Lines

In related news, EVP John E. Laughter sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total transaction of $1,074,150.00. Following the sale, the executive vice president directly owned 54,369 shares of the company’s stock, valued at approximately $3,893,364.09. This represents a 21.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Alain Bellemare sold 20,621 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $72.75, for a total value of $1,500,177.75. Following the sale, the executive vice president directly owned 120,025 shares in the company, valued at approximately $8,731,818.75. This represents a 14.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 204,925 shares of company stock valued at $14,323,395. Corporate insiders own 0.80% of the company’s stock.

Delta Air Lines Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.