Spartan Wealth Advisory Services LLC purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 6,471 shares of the transportation company’s stock, valued at approximately $430,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. IFM Investors Pty Ltd boosted its holdings in Delta Air Lines by 0.5% during the 4th quarter. IFM Investors Pty Ltd now owns 28,167 shares of the transportation company’s stock worth $1,955,000 after acquiring an additional 144 shares during the last quarter. Utah Retirement Systems grew its stake in shares of Delta Air Lines by 0.3% in the 4th quarter. Utah Retirement Systems now owns 52,620 shares of the transportation company’s stock worth $3,652,000 after acquiring an additional 144 shares in the last quarter. HBK Sorce Advisory LLC grew its stake in shares of Delta Air Lines by 2.6% in the 4th quarter. HBK Sorce Advisory LLC now owns 6,022 shares of the transportation company’s stock worth $454,000 after acquiring an additional 151 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Delta Air Lines by 2.4% in the fourth quarter. Larson Financial Group LLC now owns 6,472 shares of the transportation company’s stock valued at $449,000 after purchasing an additional 152 shares during the last quarter. Finally, LRI Investments LLC raised its holdings in shares of Delta Air Lines by 3.4% in the fourth quarter. LRI Investments LLC now owns 4,644 shares of the transportation company’s stock valued at $322,000 after purchasing an additional 154 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms recently weighed in on DAL. Raymond James Financial cut shares of Delta Air Lines from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $80.00 to $104.00 in a report on Monday, July 6th. HSBC decreased their price objective on shares of Delta Air Lines from $80.20 to $79.30 and set a “buy” rating for the company in a research note on Thursday, April 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Delta Air Lines in a research report on Tuesday, July 7th. Argus set a $105.00 target price on Delta Air Lines in a research note on Tuesday, July 14th. Finally, BNP Paribas Exane cut their target price on Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Twenty-three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $100.40.
Trending Headlines about Delta Air Lines
Here are the key news stories impacting Delta Air Lines this week:
- Positive Sentiment: Delta and United both posted better-than-expected Q2 results, reinforcing that travel demand remains resilient and helping improve sentiment toward airline shares. Delta vs. United Airlines Stock: Which Is the Better Buy After Q2 Earnings?
- Positive Sentiment: Delta is being viewed as a beneficiary of strong fare pricing, especially in premium travel, which could support revenue and earnings even if overall demand normalizes. Delta’s Higher Fares And Shelf Offering Could Be A Game Changer For Delta Air Lines (DAL)
- Positive Sentiment: Another article highlighted that Delta is resetting fares higher as premium and corporate travel holds up, suggesting pricing power remains intact despite higher fuel costs. Delta (DAL) Is Resetting Fares Higher As Premium Travel Demand Holds Up
- Positive Sentiment: Industry commentary also pointed to Delta as a long-term momentum name, which can add to bullish investor interest after recent earnings strength. Why Delta Air Lines (DAL) is a top momentum stock for the long term
- Neutral Sentiment: Peers are still warning that higher jet fuel costs could pressure margins, so investors are balancing stronger demand against a potentially tougher cost backdrop. UAL Q2 Earnings Beat as Strong Yields Offset Fuel Pressure
- Neutral Sentiment: San Antonio’s airport expansion plan is a broader infrastructure development story and is not a direct catalyst for Delta, though it reflects continued airport investment in the travel market. San Antonio to Borrow $944 Million for Major Airport Expansion
- Negative Sentiment: News about Delta extending refund-policy flexibility on some international routes underscores ongoing geopolitical disruption that could weigh on operations and booking trends. Major airline extends refund policy for Dubai flights
Delta Air Lines Trading Down 0.0%
NYSE DAL opened at $84.15 on Monday. The business’s fifty day moving average is $82.50 and its 200-day moving average is $73.08. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.42 and a quick ratio of 0.35. The stock has a market capitalization of $55.34 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 1.04 and a beta of 1.29. Delta Air Lines, Inc. has a one year low of $50.44 and a one year high of $95.68.
Delta Air Lines (NYSE:DAL – Get Free Report) last posted its quarterly earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $17.67 billion during the quarter, compared to analyst estimates of $17.43 billion. During the same quarter in the prior year, the business earned $2.10 earnings per share. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. Equities research analysts predict that Delta Air Lines, Inc. will post 6.66 EPS for the current year.
Delta Air Lines Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s payout ratio is currently 14.26%.
Insider Buying and Selling
In other news, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the completion of the sale, the executive vice president owned 95,025 shares in the company, valued at $7,738,836. This trade represents a 20.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Allison C. Ausband sold 9,710 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total transaction of $737,960.00. Following the sale, the executive vice president owned 138,854 shares of the company’s stock, valued at approximately $10,552,904. The trade was a 6.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 65,331 shares of company stock valued at $5,036,638 over the last three months. Insiders own 0.80% of the company’s stock.
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.
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