Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 52.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 88,179 shares of the transportation company’s stock after selling 97,246 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Delta Air Lines were worth $6,120,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of the business. Bank of New York Mellon Corp lifted its holdings in shares of Delta Air Lines by 23.3% during the third quarter. Bank of New York Mellon Corp now owns 7,661,911 shares of the transportation company’s stock worth $434,813,000 after buying an additional 1,447,058 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Delta Air Lines by 54.8% during the third quarter. Wellington Management Group LLP now owns 5,817,783 shares of the transportation company’s stock worth $330,159,000 after buying an additional 2,058,744 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Delta Air Lines by 1.3% during the third quarter. LSV Asset Management now owns 3,447,917 shares of the transportation company’s stock worth $195,669,000 after buying an additional 42,878 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Delta Air Lines by 24.6% during the third quarter. Allianz Asset Management GmbH now owns 2,791,581 shares of the transportation company’s stock worth $158,422,000 after buying an additional 550,480 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Delta Air Lines by 1.8% during the third quarter. Russell Investments Group Ltd. now owns 2,655,412 shares of the transportation company’s stock worth $150,735,000 after buying an additional 47,631 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.
More Delta Air Lines News
Here are the key news stories impacting Delta Air Lines this week:
- Positive Sentiment: Delta says it will invest roughly $500M this year in employee wage hikes — a move that should reduce labor unrest and help maintain capacity and service reliability, supporting revenue stability over time. Delta Air Lines Invests $500M in Workers’ Wage Hikes
- Positive Sentiment: Analyst coverage is generally constructive: recent write-ups note Delta has outperformed peers and many analysts remain optimistic about the stock’s medium-term outlook — which can lend support to the share price. Delta Air Lines Stock Outlook: Is Wall Street Bullish or Bearish?
- Neutral Sentiment: Delta is attracting investor attention and screeners (Zacks/MarketBeat coverage), which can increase trading interest but doesn’t on its own change fundamentals. Delta Air Lines, Inc. (DAL) is Attracting Investor Attention
- Negative Sentiment: Insiders sold roughly $60M of DAL stock recently — a potential red flag for sentiment and a short-term headwind as markets sometimes interpret large insider sales as caution. Delta Air Lines Insiders Sell US$60m Of Stock
- Negative Sentiment: Delta is implementing a roughly 4% pay increase for workers amid elevated fuel costs — good for labor relations but raises operating expenses and compresses margins if higher fares or ancillary revenue don’t offset the cost. Delta Hits Workers With 4% Raise As Fuel Costs Pressure Airlines
- Negative Sentiment: Brent crude spiked toward $117/barrel on geopolitical headlines, a direct driver of higher jet-fuel prices and a material margin risk for airlines including Delta. Brent Crude Spikes to $117 on Iran Military Option Reports
- Negative Sentiment: International carriers are already flagging sustained fuel-cost pressure, underscoring industry-wide margin risk if prices remain elevated. This broad cost backdrop is negative for airline profitability. Japan’s ANA, JAL say Middle East war lifts fuel costs
Delta Air Lines Stock Up 1.6%
Delta Air Lines (NYSE:DAL – Get Free Report) last released its earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The company had revenue of $14.20 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 5.3 EPS for the current year.
Delta Air Lines Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, May 14th. Delta Air Lines’s dividend payout ratio (DPR) is 10.93%.
Insider Buying and Selling
In other Delta Air Lines news, EVP Alain Bellemare sold 35,212 shares of Delta Air Lines stock in a transaction on Monday, February 9th. The shares were sold at an average price of $75.20, for a total transaction of $2,647,942.40. Following the completion of the sale, the executive vice president owned 138,176 shares of the company’s stock, valued at approximately $10,390,835.20. The trade was a 20.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven M. Sear sold 38,600 shares of Delta Air Lines stock in a transaction on Monday, February 9th. The stock was sold at an average price of $75.05, for a total transaction of $2,896,930.00. Following the sale, the executive vice president directly owned 104,404 shares of the company’s stock, valued at $7,835,520.20. This represents a 26.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 353,611 shares of company stock worth $25,182,798. 0.88% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. TD Cowen increased their target price on shares of Delta Air Lines from $76.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Weiss Ratings cut shares of Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 6th. Jefferies Financial Group increased their target price on shares of Delta Air Lines from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. The Goldman Sachs Group lifted their target price on shares of Delta Air Lines from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, Barclays lifted their target price on shares of Delta Air Lines from $65.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Delta Air Lines presently has an average rating of “Moderate Buy” and a consensus price target of $79.10.
View Our Latest Research Report on DAL
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.
See Also
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