Nordea Investment Management AB boosted its stake in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 86.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,043 shares of the transportation company’s stock after purchasing an additional 49,076 shares during the period. Nordea Investment Management AB’s holdings in Delta Air Lines were worth $7,381,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Procyon Advisors LLC bought a new position in shares of Delta Air Lines in the 4th quarter valued at $212,000. MassMutual Private Wealth & Trust FSB grew its position in Delta Air Lines by 6.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,679 shares of the transportation company’s stock worth $255,000 after acquiring an additional 221 shares during the last quarter. Hilltop National Bank bought a new stake in Delta Air Lines during the 4th quarter worth $88,000. Vigilare Wealth Management acquired a new position in Delta Air Lines in the 4th quarter worth about $352,000. Finally, Sagespring Wealth Partners LLC increased its holdings in Delta Air Lines by 66.1% in the 4th quarter. Sagespring Wealth Partners LLC now owns 11,205 shares of the transportation company’s stock worth $778,000 after purchasing an additional 4,461 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.
Delta Air Lines Trading Up 1.9%
NYSE DAL opened at $67.95 on Thursday. The firm has a market capitalization of $44.38 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 0.68 and a beta of 1.34. The business’s 50-day moving average price is $66.96 and its two-hundred day moving average price is $64.28. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.60. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $76.39.
Delta Air Lines Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, February 26th were paid a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a $0.75 annualized dividend and a yield of 1.1%. Delta Air Lines’s dividend payout ratio is currently 9.78%.
Insiders Place Their Bets
In other Delta Air Lines news, insider Peter W. Carter sold 27,000 shares of Delta Air Lines stock in a transaction on Friday, February 6th. The shares were sold at an average price of $74.82, for a total value of $2,020,140.00. Following the completion of the sale, the insider directly owned 421,744 shares of the company’s stock, valued at approximately $31,554,886.08. The trade was a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Steven M. Sear sold 38,600 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $75.05, for a total transaction of $2,896,930.00. Following the transaction, the executive vice president owned 104,404 shares in the company, valued at $7,835,520.20. This represents a 26.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 620,550 shares of company stock valued at $44,127,667. 0.88% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of analysts have recently commented on the company. BMO Capital Markets reissued an “outperform” rating on shares of Delta Air Lines in a research note on Wednesday, January 14th. Argus set a $80.00 price objective on Delta Air Lines in a research note on Wednesday, January 14th. Jefferies Financial Group dropped their price objective on shares of Delta Air Lines from $84.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Zacks Research downgraded shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 17th. Finally, Wall Street Zen lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.80.
View Our Latest Stock Report on DAL
Key Headlines Impacting Delta Air Lines
Here are the key news stories impacting Delta Air Lines this week:
- Positive Sentiment: Management raised its revenue outlook and emphasized resilient demand at the JPMorgan Industrials Conference — reinforcement that core operations remain strong even with rising costs. Delta Air Lines (DAL) Raises Revenue Outlook Amid Strong Demand and Rising Fuel Costs
- Positive Sentiment: Delta’s 2012 refinery acquisition is looking more valuable as jet-fuel supply tightness lifts crack spreads — the refinery can partially offset fuel inflation and protect margins. Focus: Delta Air Lines’ refinery bet looks more valuable in jet fuel squeeze
- Positive Sentiment: UBS and other firms remain constructive on DAL, forecasting further price appreciation — analyst support can sustain investor confidence. UBS Group Forecasts Strong Price Appreciation for Delta Air Lines (NYSE:DAL) Stock
- Positive Sentiment: Analysts expect a solid Q1 with double-digit profit growth, setting up momentum into the next earnings report. Here’s What to Expect From Delta Air Lines’ Next Earnings Report
- Neutral Sentiment: Delta publicly suspended special airport perks for members of Congress amid the partial government shutdown — a policy and PR move that may be seen as operationally neutral but attracts media attention. Delta Air Lines temporarily halts perks for members of Congress, citing the partial government shutdown
- Negative Sentiment: Rising jet-fuel prices are a meaningful near-term headwind; Citi trimmed its price target due to higher fuel cost assumptions, flagging downside risk to Q1 results. This increases earnings uncertainty. Why Higher Jet-Fuel Costs Are Clouding Delta (DAL)’s Near-Term Earnings Outlook
- Negative Sentiment: Multiple insiders sold roughly $56M of stock, which can signal caution from insiders or portfolio rebalancing; investors often view large insider sales as a near-term negative signal. Insiders At Delta Air Lines Sold US$56m In Stock, Alluding To Potential Weakness
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.
See Also
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