SVB Wealth LLC decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 33.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,324 shares of the transportation company’s stock after selling 8,737 shares during the quarter. SVB Wealth LLC’s holdings in Delta Air Lines were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Federated Hermes Inc. grew its position in Delta Air Lines by 7.7% during the third quarter. Federated Hermes Inc. now owns 358,870 shares of the transportation company’s stock valued at $20,366,000 after purchasing an additional 25,507 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Delta Air Lines by 10.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,344 shares of the transportation company’s stock valued at $4,957,000 after purchasing an additional 8,309 shares in the last quarter. Independent Advisor Alliance grew its position in Delta Air Lines by 41.3% during the third quarter. Independent Advisor Alliance now owns 53,601 shares of the transportation company’s stock valued at $3,042,000 after purchasing an additional 15,661 shares in the last quarter. TD Asset Management Inc grew its position in Delta Air Lines by 14.0% during the third quarter. TD Asset Management Inc now owns 457,796 shares of the transportation company’s stock valued at $25,980,000 after purchasing an additional 56,365 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in Delta Air Lines during the third quarter valued at approximately $1,041,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.
Insiders Place Their Bets
In other Delta Air Lines news, CEO Edward H. Bastian sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $70.26, for a total value of $7,026,000.00. Following the completion of the sale, the chief executive officer owned 1,363,448 shares of the company’s stock, valued at $95,795,856.48. The trade was a 6.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alain Bellemare sold 20,621 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $72.75, for a total value of $1,500,177.75. Following the completion of the sale, the executive vice president directly owned 120,025 shares of the company’s stock, valued at $8,731,818.75. This represents a 14.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 204,925 shares of company stock valued at $14,323,395 over the last quarter. Insiders own 0.80% of the company’s stock.
Delta Air Lines News Summary
- Positive Sentiment: Sanford C. Bernstein raised its price target on Delta Air Lines to $88 from $81 and reaffirmed an Outperform rating, citing Delta’s “fuel insulation” as a key advantage if oil prices stay elevated. Bernstein Hikes Delta Air Lines Price Target to $88 on Better Fuel Insulation
- Positive Sentiment: Delta continues to benefit from a constructive airline demand backdrop, with recent sector commentary pointing to stronger passenger demand and higher revenues across airlines, which can support pricing and earnings expectations for DAL. CPA to Report Q1 Earnings: What’s in Store for the Stock?
- Neutral Sentiment: Delta’s recent business results and industry comparisons remain broadly supportive, but the articles provided do not include a new Delta earnings release or fresh company-specific operational update in the last day.
- Negative Sentiment: U.S. airline stocks fell after oil prices surged when President Trump rejected Iran’s latest peace proposal, raising concerns about higher fuel costs for carriers like Delta. US airline stocks slip as oil surges after Trump rejects Iran peace proposal
- Negative Sentiment: Another market update echoed that airline shares were weaker as energy prices jumped, reinforcing near-term margin pressure concerns for Delta and peers. U.S. Airline Stocks Fall as Oil Prices Jump Following Trump’s Rejection of Iran Proposal
- Negative Sentiment: Industry commentary also highlighted soaring fuel costs across airlines, which can pressure profitability if carriers cannot fully pass those costs on to travelers. Airlines Face Soaring Fuel Costs. Travelers Are Paying More for Bags, Extras.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. BNP Paribas Exane lowered their price objective on shares of 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. Rothschild & Co Redburn cut their price target on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Wells Fargo & Company cut their price target on Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. UBS Group raised their price target on Delta Air Lines from $86.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wolfe Research cut their price target on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. One research 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.76.
View Our Latest Research Report on DAL
Delta Air Lines Stock Down 3.0%
DAL opened at $71.11 on Tuesday. Delta Air Lines, Inc. has a fifty-two week low of $45.28 and a fifty-two week high of $76.39. The business has a 50-day moving average of $66.44 and a 200-day moving average of $66.43. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36. The company has a market capitalization of $46.72 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25.
Delta Air Lines (NYSE:DAL – Get Free Report) last posted its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.05 billion. During the same period last year, the business earned $0.46 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. Equities research analysts forecast that Delta Air Lines, Inc. will post 5.3 EPS for the current fiscal year.
Delta Air Lines Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be given a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.1%. Delta Air Lines’s payout ratio is currently 10.93%.
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.
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