Delta Air Lines, Inc. $DAL Shares Bought by Waycross Partners LLC

Waycross Partners LLC lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 418,263 shares of the transportation company’s stock after purchasing an additional 12,938 shares during the period. Delta Air Lines accounts for about 2.7% of Waycross Partners LLC’s investment portfolio, making the stock its 19th biggest holding. Waycross Partners LLC’s holdings in Delta Air Lines were worth $27,806,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP raised its position in Delta Air Lines by 137.4% in the fourth quarter. Wellington Management Group LLP now owns 13,811,787 shares of the transportation company’s stock worth $958,538,000 after acquiring an additional 7,994,004 shares in the last quarter. Life Cycle Investment Partners Ltd acquired a new stake in Delta Air Lines in the fourth quarter valued at $471,532,000. Bank of New York Mellon Corp boosted its position in shares of Delta Air Lines by 29.2% during the 1st quarter. Bank of New York Mellon Corp now owns 12,270,241 shares of the transportation company’s stock worth $815,726,000 after purchasing an additional 2,773,945 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Delta Air Lines by 1,579.2% during the 4th quarter. Pacer Advisors Inc. now owns 2,673,400 shares of the transportation company’s stock worth $185,534,000 after purchasing an additional 2,514,193 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Delta Air Lines by 44.3% during the 4th quarter. AQR Capital Management LLC now owns 6,155,776 shares of the transportation company’s stock worth $426,441,000 after purchasing an additional 1,890,521 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Trading Down 0.0%

Shares of DAL stock opened at $84.15 on Monday. Delta Air Lines, Inc. has a fifty-two week low of $50.44 and a fifty-two week high of $95.68. The stock has a market cap of $55.34 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.04 and a beta of 1.29. The business has a fifty day simple moving average of $82.50 and a 200-day simple moving average of $73.08. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $17.43 billion. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.10 EPS. On average, analysts forecast that Delta Air Lines, Inc. will post 6.66 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The firm 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. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, July 9th. Delta Air Lines’s 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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Bank of America increased their price target on shares of Delta Air Lines from $93.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Raymond James Financial downgraded shares of Delta Air Lines from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from $80.00 to $104.00 in a report on Monday, July 6th. Wolfe Research lowered their target price on shares of Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. UBS Group increased their target price on shares of Delta Air Lines from $107.00 to $112.00 and gave the company a “buy” rating in a report on Monday, July 13th. Finally, Argus set a $105.00 price target on shares of Delta Air Lines in a research report on Tuesday, July 14th. Twenty-three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Delta Air Lines has a consensus rating of “Moderate Buy” and an average target price of $100.40.

Insider Activity

In other news, EVP Alain Bellemare sold 25,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 95,025 shares in the company, valued at $7,738,836. This represents a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Allison C. Ausband sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $79.00, for a total transaction of $395,000.00. Following the completion of the sale, the executive vice president owned 133,854 shares in the company, valued at $10,574,466. This represents a 3.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,331 shares of company stock worth $5,036,638 in the last ninety days. Insiders own 0.80% of the company’s stock.

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.