Spartan Wealth Advisory Services LLC acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 6,471 shares of the transportation company’s stock, valued at approximately $430,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. IFM Investors Pty Ltd increased its holdings in Delta Air Lines by 0.5% in the fourth quarter. IFM Investors Pty Ltd now owns 28,167 shares of the transportation company’s stock worth $1,955,000 after purchasing an additional 144 shares in the last quarter. Utah Retirement Systems boosted its holdings in shares of Delta Air Lines by 0.3% during the 4th quarter. Utah Retirement Systems now owns 52,620 shares of the transportation company’s stock worth $3,652,000 after buying an additional 144 shares in the last quarter. HBK Sorce Advisory LLC boosted its holdings in shares of Delta Air Lines by 2.6% during the 4th quarter. HBK Sorce Advisory LLC now owns 6,022 shares of the transportation company’s stock worth $454,000 after buying an additional 151 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Delta Air Lines by 2.4% during the 4th quarter. Larson Financial Group LLC now owns 6,472 shares of the transportation company’s stock worth $449,000 after buying an additional 152 shares during the period. Finally, LRI Investments LLC grew its position in shares of Delta Air Lines by 3.4% during the 4th quarter. LRI Investments LLC now owns 4,644 shares of the transportation company’s stock worth $322,000 after buying an additional 154 shares during the period. Institutional investors own 69.93% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Seaport Research Partners lifted their price objective on shares of Delta Air Lines from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. The Goldman Sachs Group increased their target price on shares of Delta Air Lines from $80.00 to $116.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Wolfe Research reduced their price target on shares of Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Raymond James Financial downgraded shares of Delta Air Lines from a “strong-buy” rating to an “outperform” rating and lifted their price target for the company from $80.00 to $104.00 in a research note on Monday, July 6th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $106.00 price objective on shares of Delta Air Lines in a report on Monday, July 13th. Twenty-three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Delta Air Lines has an average rating of “Moderate Buy” and a consensus price target of $100.40.
Delta Air Lines Trading Down 0.0%
Shares of Delta Air Lines stock opened at $84.15 on Monday. The stock has a market capitalization of $55.34 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 1.04 and a beta of 1.29. Delta Air Lines, Inc. has a 52 week low of $50.44 and a 52 week high of $95.68. The stock has a 50 day moving average price of $82.50 and a two-hundred day moving average price of $73.08. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.35 and a current ratio of 0.42.
Delta Air Lines (NYSE:DAL – Get Free Report) last issued its earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.07. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The company had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.43 billion. During the same period in the prior year, the firm earned $2.10 earnings per share. Delta Air Lines’s revenue for the quarter was up 18.7% on a year-over-year basis. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 6.66 earnings per share for the current fiscal year.
Delta Air Lines Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be issued a dividend of $0.215 per share. The ex-dividend date is Thursday, July 9th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. This represents a $0.86 annualized dividend and a yield of 1.0%. Delta Air Lines’s dividend payout ratio is currently 14.26%.
Insider Buying and Selling at Delta Air Lines
In other news, EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction dated 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Allison C. Ausband sold 9,710 shares of the business’s stock in a transaction dated 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 directly owned 138,854 shares of the company’s stock, valued at approximately $10,552,904. The trade was a 6.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 65,331 shares of company stock worth $5,036,638. Corporate insiders own 0.80% of the company’s stock.
Delta Air Lines News Summary
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 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.
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