Fideuram Intesa Sanpaolo Private Banking S.P.A. Raises Stock Holdings in Delta Air Lines, Inc. $DAL

Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 40.6% in the first quarter, Holdings Channel.com reports. The fund owned 48,225 shares of the transportation company’s stock after purchasing an additional 13,934 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Delta Air Lines were worth $3,206,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Lloyd Advisory Services LLC. purchased a new position in shares of Delta Air Lines during the 4th quarter worth approximately $31,000. SWAN Capital LLC raised its position in Delta Air Lines by 1,016.0% in the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 508 shares during the period. Camelot Portfolios LLC acquired a new position in Delta Air Lines during the fourth quarter worth $34,000. Cornerstone Planning Group LLC lifted its stake in 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 in the last quarter. Finally, Byrne Asset Management LLC purchased a new position in shares of Delta Air Lines during the fourth quarter worth $35,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Key Delta Air Lines News

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

• Positive Sentiment: Multiple earnings-preview pieces say Delta looks positioned to beat estimates, supported by strong bookings and lower fuel costs, which could improve near-term results. Delta Air Lines (DAL) Expected to Beat Earnings Estimates: Should You Buy?
• Positive Sentiment: BMO Capital Markets raised its price target on Delta to $105 from $80 and kept an outperform rating, reinforcing a more optimistic Wall Street view of the airline. Benzinga report on BMO price target increase
• Positive Sentiment: Goldman Sachs and TD Cowen also lifted targets across major U.S. airlines, with Delta included, which signals improving analyst confidence in the sector’s revenue outlook. Airlines Get a Wall Street Lift as Goldman, TD Cowen Raise Targets on Delta, United, Southwest, American
• Positive Sentiment: Delta’s international expansion, including its Korean Air partnership and new Los Angeles-to-Hong Kong service, underscores growth in the high-margin trans-Pacific market. Delta (DAL) Expands Pacific Reach With Korean Air Tie Up And Hong Kong Route

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the transaction, the executive vice president owned 95,025 shares of the company’s stock, valued at approximately $7,738,836. This trade represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Allison C. Ausband sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were 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 owned 133,854 shares of the company’s stock, valued at approximately $10,574,466. This represents a 3.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 149,635 shares of company stock valued at $10,833,855 over the last ninety days. Insiders own 0.80% of the company’s stock.

Delta Air Lines Stock Up 0.0%

Delta Air Lines stock opened at $92.75 on Friday. The stock’s fifty day moving average is $78.99 and its two-hundred day moving average is $71.91. The stock has a market cap of $60.94 billion, a PE ratio of 13.52, a P/E/G ratio of 1.39 and a beta of 1.29. Delta Air Lines, Inc. has a 1-year low of $49.19 and a 1-year high of $95.68. 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 announced its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The company 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%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 earnings per share. On average, sell-side analysts expect that Delta Air Lines, Inc. will post 5.47 EPS 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. Investors of record on Thursday, July 9th will be paid a dividend of $0.215 per share. The ex-dividend date is Thursday, July 9th. This represents a $0.86 annualized dividend and a yield of 0.9%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s dividend payout ratio (DPR) is 10.93%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DAL. TD Cowen boosted their price target on shares of Delta Air Lines from $92.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday. Wolfe Research decreased their target price on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Wells Fargo & Company boosted their target price on Delta Air Lines from $75.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday. Weiss Ratings downgraded Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 6th. Finally, Bank of America increased their price target on Delta Air Lines from $93.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.93.

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.