Kestra Advisory Services LLC Has $5.43 Million Position in Delta Air Lines, Inc. $DAL

Kestra Advisory Services LLC grew its stake in Delta Air Lines, Inc. (NYSE:DAL) by 12.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,754 shares of the transportation company’s stock after purchasing an additional 9,138 shares during the quarter. Kestra Advisory Services LLC’s holdings in Delta Air Lines were worth $5,435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DAL. Lloyd Advisory Services LLC. bought a new position in Delta Air Lines in the 4th quarter valued at about $31,000. Camelot Portfolios LLC bought a new stake in shares of Delta Air Lines during the fourth quarter worth approximately $34,000. Byrne Asset Management LLC acquired a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $35,000. Beacon Financial Strategies CORP acquired a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $36,000. Finally, Cornerstone Planning Group LLC increased its stake 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 purchasing an additional 429 shares during the period. Institutional investors own 69.93% of the company’s stock.

Key Delta Air Lines News

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

• Positive Sentiment: TD Cowen lifted its price target on Delta Air Lines to $112 and kept a buy rating, suggesting analysts see more upside ahead. Delta Air Lines (NYSE:DAL) Price Target Raised to $112.00 at TD Cowen
• Positive Sentiment: Multiple market write-ups highlighted strong travel demand and described Delta as a momentum and value stock, which may be supporting investor confidence. Why Delta Air Lines (DAL) is a Top Momentum Stock for the Long-Term
• Positive Sentiment: Reports also noted Delta’s healthy travel demand and additional bullish coverage, reinforcing the airline’s upbeat fundamental narrative. Delta Air Lines (DAL) Gains From Healthy Travel Demand
• Neutral Sentiment: Delta CEO Ed Bastian said cheaper jet fuel may not translate into lower airfares, implying pricing could stay firm even if fuel costs ease. Cheaper jet fuel won’t lower airfares, Delta Air Lines CEO Ed Bastian says
• Neutral Sentiment: Investors are also watching broader industry factors like geopolitical tensions and oil-price moves, which could create near-term volatility for airlines. Thanks to Escalating Iran Tensions, Delta Air Lines Stock Could Face Turbulence

Insider Buying and Selling

In other Delta Air Lines news, EVP Allison C. Ausband sold 9,710 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $76.00, for a total transaction of $737,960.00. Following the completion of the transaction, the executive vice president directly owned 138,854 shares in the company, valued at $10,552,904. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alain Bellemare sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total value of $2,036,000.00. Following the sale, the executive vice president owned 95,025 shares of the company’s stock, valued at $7,738,836. The trade was a 20.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 65,331 shares of company stock worth $5,036,638 over the last three months. 0.80% of the stock is currently owned by insiders.

Delta Air Lines Trading Up 0.6%

DAL opened at $86.06 on Thursday. Delta Air Lines, Inc. has a twelve month low of $50.44 and a twelve month high of $95.68. The company has a 50-day simple moving average of $82.01 and a 200 day simple moving average of $72.86. 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 stock has a market capitalization of $56.60 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 1.05 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.07. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The firm had revenue of $17.67 billion for the quarter, compared to the consensus estimate of $17.43 billion. During the same period in the prior year, the company posted $2.10 earnings per share. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. Analysts predict that Delta Air Lines, Inc. will post 6.67 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. This is a positive change 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 14.26%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DAL shares. Weiss Ratings reissued a “hold (c)” rating on shares of Delta Air Lines in a report on Tuesday, July 7th. Evercore upped their price objective on Delta Air Lines from $85.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Cantor Fitzgerald set a $112.00 price objective on Delta Air Lines in a research report on Tuesday. Jefferies Financial Group lifted 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. Finally, Zacks Research raised shares of Delta Air Lines from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. Twenty-three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Delta Air Lines presently has a consensus rating of “Moderate Buy” and an average price target of $100.40.

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.