Public Employees Retirement System of Ohio Acquires Shares of 372,118 Delta Air Lines, Inc. $DAL

Public Employees Retirement System of Ohio bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 372,118 shares of the transportation company’s stock, valued at approximately $34,853,000.

A number of other institutional investors also recently bought and sold shares of DAL. Lloyd Advisory Services LLC. purchased a new stake in Delta Air Lines in the 4th quarter valued at about $31,000. SWAN Capital LLC increased its position in shares of Delta Air Lines by 1,016.0% during the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after acquiring an additional 508 shares during the period. Cornerstone Planning Group LLC increased its position in shares of Delta Air Lines by 451.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock worth $34,000 after acquiring an additional 429 shares during the period. Elevation Wealth Partners LLC raised its stake in shares of Delta Air Lines by 195.9% during the second quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 237 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Delta Air Lines during the third quarter valued at approximately $35,000. 69.93% of the stock is currently owned by institutional investors.

More Delta Air Lines News

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

• Positive Sentiment: A U.S. appeals court vacated the Department of Transportation’s order terminating Delta’s joint venture and antitrust immunity with Grupo Aeroméxico. The ruling preserves the decade-old cross-border partnership, supporting network breadth, schedule coordination and potential revenue synergies. Delta Air Lines vs. Grupo Aeroméxico partnership article
• Positive Sentiment: Delta plans to resume daily nonstop service between New York and Tel Aviv on September 6. Restoring the route could improve international capacity utilization and revenue if travel demand remains firm. Delta to resume New York-Tel Aviv flights
• Positive Sentiment: Industry airfares have risen sharply, indicating a favorable pricing environment for carriers such as Delta. Higher fares could support revenue and margins, although capacity and demand will determine how durable the benefit is. Airfare pricing article
• Positive Sentiment: Delta’s valuation and analyst sentiment remain supportive: the company is described as a strong value stock and has a consensus “Moderate Buy” rating. Elevated call-option activity also signals increased near-term bullish speculation, though options flow is not a fundamental guarantee.
• Neutral Sentiment: Delta and United have resumed flights amid a broader shift in travel patterns; the key variables are whether demand holds and whether airlines can sustain pricing. Delta and United resume flights
• Negative Sentiment: American Airlines is restoring seatback screens to narrow its product and profitability gap with Delta, potentially increasing competitive pressure on Delta’s premium-service advantage. American Airlines restores screens
• Negative Sentiment: Recent trading showed DAL underperforming the broader market, suggesting investors may be taking profits or focusing on execution, competition and the sustainability of airline pricing despite the favorable partnership ruling.

Delta Air Lines Stock Down 1.3%

Delta Air Lines stock opened at $80.09 on Friday. The business has a fifty day moving average of $87.73 and a two-hundred day moving average of $76.64. 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 firm has a market cap of $52.67 billion, a P/E ratio of 13.28, a P/E/G ratio of 1.12 and a beta of 1.31. Delta Air Lines, Inc. has a twelve month low of $55.03 and a twelve month high of $95.68.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. The business had revenue of $17.67 billion for the quarter, compared to the consensus estimate of $17.43 billion. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The business’s revenue was up 18.7% compared to the same quarter last year. During the same period last year, the business posted $2.10 EPS. On average, analysts forecast that Delta Air Lines, Inc. will post 6.23 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 9th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Thursday, July 9th. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. Delta Air Lines’s dividend payout ratio is 14.26%.

Insider Buying and Selling

In other news, Director David G. Dewalt sold 31,756 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $90.85, for a total value of $2,885,032.60. Following the sale, the director directly owned 22,358 shares in the company, valued at approximately $2,031,224.30. This trade represents a 58.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alain Bellemare sold 35,000 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $92.72, for a total transaction of $3,245,200.00. Following the completion of the transaction, the executive vice president directly owned 95,025 shares in the company, valued at approximately $8,810,718. The trade was a 26.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 356,726 shares of company stock valued at $33,081,037 over the last three months. Corporate insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on DAL shares. UBS Group increased their price objective on Delta Air Lines from $107.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. TD Cowen decreased their target price on Delta Air Lines from $112.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, August 24th. Jefferies Financial Group upped their target price on Delta Air Lines from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Bank of America increased their price target on Delta Air Lines from $93.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Finally, Benchmark restated a “buy” rating on shares of Delta Air Lines in a research note on Wednesday, July 8th. Twenty-three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $99.84.

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.