Pacer Advisors Inc. Acquires 2,514,193 Shares of Delta Air Lines, Inc. $DAL

Pacer Advisors Inc. grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1,579.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,673,400 shares of the transportation company’s stock after buying an additional 2,514,193 shares during the period. Pacer Advisors Inc.’s holdings in Delta Air Lines were worth $185,534,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DAL. Accredited Wealth Management LLC boosted its holdings in Delta Air Lines by 1,983.3% in the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 476 shares in the last quarter. Lloyd Advisory Services LLC. bought a new position in Delta Air Lines in the 4th quarter worth $31,000. SWAN Capital LLC raised its holdings in Delta Air Lines by 1,016.0% in the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after purchasing an additional 508 shares in the last quarter. Camelot Portfolios LLC purchased a new stake in shares of Delta Air Lines in the 4th quarter worth about $34,000. Finally, Cornerstone Planning Group LLC lifted its position in shares of Delta Air Lines by 451.6% in the 4th 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. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP John E. Laughter sold 15,000 shares of Delta Air Lines stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total transaction of $1,074,150.00. Following the completion of the transaction, the executive vice president owned 54,369 shares in the company, valued at approximately $3,893,364.09. The trade was a 21.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Allison C. Ausband sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total value of $395,000.00. Following the completion of the sale, the executive vice president directly owned 133,854 shares in the company, valued at $10,574,466. This trade represents a 3.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 149,635 shares of company stock valued at $10,833,855 in the last ninety days. 0.80% of the stock is currently owned by corporate insiders.

Key Delta Air Lines News

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

• Positive Sentiment: Delta’s board declared a quarterly dividend of $0.2150 per share, about 15% above prior levels, signaling confidence in cash flow and rewarding investors. Delta Air Lines Declares Quarterly Dividend
• Positive Sentiment: Lower crude prices are helping airline stocks, including Delta, by easing fuel-cost pressure and improving near-term margins. Popular Airline Stock Continues Higher on Lower Crude Costs
• Positive Sentiment: The U.S. government closed its investigation into Delta’s handling of the CrowdStrike outage, removing a legal and reputational overhang that had affected investor sentiment. Trump Administration Clears Delta in CrowdStrike Outage Probe, Ends Investigation Into Travel Meltdown That Impacted 1.3 Million Passengers
• Positive Sentiment: Delta also announced a fleet-efficiency upgrade, planning to install VCT finlets across 240 Boeing 737NG aircraft, which could help reduce fuel burn and operating costs over time. Delta Advances Fleet Efficiency with VCT Finlets Across 737NG Fleet

Analyst Ratings Changes

DAL has been the topic of several research analyst reports. Jefferies Financial Group boosted their price target on shares of Delta Air Lines from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Weiss Ratings cut Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. TD Cowen upped their target price on Delta Air Lines from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Susquehanna decreased their target price on Delta Air Lines from $81.00 to $78.00 and set a “positive” rating for the company in a research report on Thursday, April 9th. Finally, Argus raised their target price on Delta Air Lines from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $81.05.

Delta Air Lines Stock Up 2.3%

Shares of Delta Air Lines stock opened at $84.16 on Friday. Delta Air Lines, Inc. has a 1 year low of $45.28 and a 1 year high of $87.39. The firm has a market cap of $55.29 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 1.16 and a beta of 1.30. The company has a 50-day moving average of $74.37 and a 200 day moving average of $70.15. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 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 net margin of 6.87% and a return on equity of 20.28%. Delta Air Lines’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 5.37 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th will be given a $0.215 dividend. 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 presently 10.93%.

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.