Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) during the 1st quarter, Holdings Channel.com reports. The fund purchased 209,425 shares of the transportation company’s stock, valued at approximately $13,923,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Delta Air Lines by 22.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,173 shares of the transportation company’s stock valued at $7,438,000 after buying an additional 19,829 shares during the period. iA Global Asset Management Inc. increased its position in shares of Delta Air Lines by 53.2% during the fourth quarter. iA Global Asset Management Inc. now owns 92,142 shares of the transportation company’s stock worth $6,395,000 after acquiring an additional 32,014 shares in the last quarter. Tredje AP fonden lifted its holdings in shares of Delta Air Lines by 1,563.4% in the fourth quarter. Tredje AP fonden now owns 466,797 shares of the transportation company’s stock valued at $32,396,000 after purchasing an additional 438,735 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Delta Air Lines by 154.8% in the 4th quarter. Teacher Retirement System of Texas now owns 192,384 shares of the transportation company’s stock valued at $13,351,000 after acquiring an additional 116,891 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Delta Air Lines by 12.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 223,170 shares of the transportation company’s stock worth $16,124,000 after purchasing an additional 24,952 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Sanford C. Bernstein restated an “outperform” rating and issued a $106.00 price target on shares of Delta Air Lines in a research note on Monday. Wolfe Research reduced their price objective on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Raymond James Financial lowered shares of Delta Air Lines from a “strong-buy” rating to an “outperform” rating and raised their price target for the stock from $80.00 to $104.00 in a research report on Monday, July 6th. Susquehanna lifted their price objective on Delta Air Lines from $78.00 to $108.00 and gave the company a “positive” rating in a report on Tuesday, July 7th. Finally, Seaport Research Partners increased their price target on shares of Delta Air Lines from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Twenty-three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $100.40.
Insider Buying and Selling at Delta Air Lines
In other news, EVP Allison C. Ausband sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total value of $395,000.00. Following the transaction, the executive vice president owned 133,854 shares in the company, valued at $10,574,466. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total value of $2,036,000.00. Following the transaction, the executive vice president owned 95,025 shares in the company, valued at approximately $7,738,836. This trade represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 65,331 shares of company stock valued at $5,036,638. 0.80% of the stock is currently owned by insiders.
Delta Air Lines Price Performance
DAL stock opened at $84.15 on Friday. Delta Air Lines, Inc. has a 12-month low of $50.44 and a 12-month high of $95.68. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $82.50 and its 200 day simple moving average is $73.05. The firm has a market cap of $55.34 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 1.07 and a beta of 1.29.
Delta Air Lines (NYSE:DAL – Get Free Report) last released its earnings results on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.49 by $0.07. The business had revenue of $17.67 billion during the quarter, compared to analysts’ expectations of $17.43 billion. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The firm’s revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.10 earnings per share. On average, analysts expect that Delta Air Lines, Inc. will post 6.66 earnings per share for the current year.
Delta Air Lines Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be issued a $0.215 dividend. The ex-dividend date is Thursday, July 9th. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. This represents a $0.86 annualized dividend and a yield of 1.0%. Delta Air Lines’s dividend payout ratio is currently 14.26%.
Trending Headlines about Delta Air Lines
Here are the key news stories impacting Delta Air Lines this week:
- Positive Sentiment: Delta and United both posted better-than-expected Q2 results, reinforcing that travel demand remains resilient and helping improve sentiment toward airline shares. Delta vs. United Airlines Stock: Which Is the Better Buy After Q2 Earnings?
- Positive Sentiment: Delta is being viewed as a beneficiary of strong fare pricing, especially in premium travel, which could support revenue and earnings even if overall demand normalizes. Delta’s Higher Fares And Shelf Offering Could Be A Game Changer For Delta Air Lines (DAL)
- Positive Sentiment: Another article highlighted that Delta is resetting fares higher as premium and corporate travel holds up, suggesting pricing power remains intact despite higher fuel costs. Delta (DAL) Is Resetting Fares Higher As Premium Travel Demand Holds Up
- Positive Sentiment: Industry commentary also pointed to Delta as a long-term momentum name, which can add to bullish investor interest after recent earnings strength. Why Delta Air Lines (DAL) is a top momentum stock for the long term
- Neutral Sentiment: Peers are still warning that higher jet fuel costs could pressure margins, so investors are balancing stronger demand against a potentially tougher cost backdrop. UAL Q2 Earnings Beat as Strong Yields Offset Fuel Pressure
- Neutral Sentiment: San Antonio’s airport expansion plan is a broader infrastructure development story and is not a direct catalyst for Delta, though it reflects continued airport investment in the travel market. San Antonio to Borrow $944 Million for Major Airport Expansion
- Negative Sentiment: News about Delta extending refund-policy flexibility on some international routes underscores ongoing geopolitical disruption that could weigh on operations and booking trends. Major airline extends refund policy for Dubai flights
About Delta Air Lines
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.
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