Tredje AP fonden Buys 438,735 Shares of Delta Air Lines, Inc. $DAL

Tredje AP fonden increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1,563.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 466,797 shares of the transportation company’s stock after buying an additional 438,735 shares during the period. Tredje AP fonden’s holdings in Delta Air Lines were worth $32,396,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Federated Hermes Inc. boosted its holdings in Delta Air Lines by 7.7% in the 3rd 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 during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Delta Air Lines by 10.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,344 shares of the transportation company’s stock worth $4,957,000 after buying an additional 8,309 shares in the last quarter. Independent Advisor Alliance grew its stake in Delta Air Lines by 41.3% in the 3rd quarter. Independent Advisor Alliance now owns 53,601 shares of the transportation company’s stock worth $3,042,000 after buying an additional 15,661 shares in the last quarter. TD Asset Management Inc grew its stake in Delta Air Lines by 14.0% in the 3rd quarter. TD Asset Management Inc now owns 457,796 shares of the transportation company’s stock worth $25,980,000 after buying an additional 56,365 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in Delta Air Lines in the 3rd quarter worth approximately $1,041,000. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In related news, EVP John E. Laughter sold 69,304 shares of the company’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $68.15, for a total transaction of $4,723,067.60. Following the completion of the sale, the executive vice president directly owned 69,369 shares in the company, valued at $4,727,497.35. This represents a 49.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Edward H. Bastian sold 100,000 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $70.26, for a total transaction of $7,026,000.00. Following the sale, the chief executive officer directly 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 204,925 shares of company stock valued at $14,323,395 over the last three months. 0.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DAL shares. 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. Seaport Research Partners boosted 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 note on Thursday, April 9th. Rothschild & Co Redburn cut their price target on shares of 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. Zacks Research raised shares of Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Finally, Jefferies Financial Group boosted their price target on shares of Delta Air Lines from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.76.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $70.25 on Tuesday. The stock has a market cap of $46.16 billion, a PE ratio of 10.24, a PEG ratio of 1.01 and a beta of 1.25. The company’s fifty day moving average is $67.12 and its 200 day moving average is $66.82. Delta Air Lines, Inc. has a 52 week low of $45.28 and a 52 week high of $76.39. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.Delta Air Lines’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $0.46 EPS. Research analysts anticipate that Delta Air Lines, Inc. will post 5.26 earnings per share for the current year.

Delta Air Lines Dividend Announcement

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 issued a $0.1875 dividend. The ex-dividend date is Thursday, May 14th. This represents a $0.75 annualized dividend and a dividend yield of 1.1%. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.93%.

Key Stories Impacting Delta Air Lines

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

• Positive Sentiment: Berkshire Hathaway disclosed a major new position in Delta Air Lines (DAL), buying about 39.8 million shares. The investment is being seen as a powerful endorsement from one of the market’s most closely watched investors. Warren Buffett Famously Bailed On Airlines in 2020. Now Berkshire Just Bet $2.65 Billion on Delta.
• Positive Sentiment: Delta announced expanded Europe flying to Madrid and Munich to capture event-driven travel demand, including football-related trips, while selling premium cabin seats. That suggests stronger near-term revenue opportunities and better yield mix. Delta Expands Europe Flights to Capture Event-Driven Travel Demand
• Neutral Sentiment: Delta is ending free snack service on flights under 350 miles and shifting the service model on longer routes. The change is unlikely to materially affect earnings, but it does show continued effort to manage costs and standardize service. Today is the last day Delta will offer free snacks on short flights.
• Neutral Sentiment: Commentary on Berkshire’s portfolio changes under Greg Abel is adding attention to DAL, but this is largely a broader market narrative rather than a Delta-specific fundamental development. Willing and Abel: Berkshire’s New CEO Makes Huge Portfolio Changes in Q1 (DAL)

Delta Air Lines Company 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.