Swiss National Bank grew its stake in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 7.1% during the first quarter, HoldingsChannel reports. The firm owned 479,100 shares of the transportation company’s stock after purchasing an additional 31,800 shares during the quarter. Swiss National Bank’s holdings in Delta Air Lines were worth $31,851,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. IFM Investors Pty Ltd grew its position in Delta Air Lines by 0.5% in the 4th quarter. IFM Investors Pty Ltd now owns 28,167 shares of the transportation company’s stock valued at $1,955,000 after buying an additional 144 shares during the last quarter. Utah Retirement Systems raised its position in 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 during the last quarter. HBK Sorce Advisory LLC lifted 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 during the period. Larson Financial Group LLC lifted its stake in shares of Delta Air Lines by 2.4% in the 4th quarter. Larson Financial Group LLC now owns 6,472 shares of the transportation company’s stock worth $449,000 after acquiring an additional 152 shares during the period. Finally, LRI Investments LLC boosted 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 acquiring an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.
Delta Air Lines Price Performance
Delta Air Lines stock opened at $81.92 on Friday. Delta Air Lines, Inc. has a 52 week low of $50.44 and a 52 week high of $95.68. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48. The firm’s 50-day simple moving average is $83.50 and its 200 day simple moving average is $73.48. The firm has a market capitalization of $53.87 billion, a PE ratio of 13.59, a P/E/G ratio of 1.05 and a beta of 1.29.
Delta Air Lines Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th will be paid a dividend of $0.215 per share. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. 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%. Delta Air Lines’s dividend payout ratio is 14.26%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on DAL. Jefferies Financial Group boosted their price target on shares of Delta Air Lines from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Weiss Ratings upgraded shares of Delta Air Lines from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. UBS Group boosted their target price on Delta Air Lines from $107.00 to $112.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. HSBC cut their target price on 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. Finally, Argus set a $105.00 price target on Delta Air Lines in a report on Tuesday, July 14th. Twenty-three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.40.
Insider Buying and Selling
In other Delta Air Lines news, EVP Alain Bellemare sold 25,000 shares of the stock in a transaction on 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 sale, the executive vice president owned 95,025 shares in the company, valued at approximately $7,738,836. This represents a 20.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Allison C. Ausband sold 9,710 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $76.00, for a total value of $737,960.00. Following the sale, the executive vice president owned 138,854 shares in the company, valued at approximately $10,552,904. This trade represents a 6.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 65,331 shares of company stock valued at $5,036,638. Corporate insiders own 0.80% of the company’s stock.
Trending Headlines about Delta Air Lines
Here are the key news stories impacting Delta Air Lines this week:
- Positive Sentiment: Delta’s recent business trends still appear constructive, with the company reporting strong quarterly revenue and continued demand strength in travel, and management also recently announced a five-year sustainable aviation fuel partnership with Shell that could support longer-term fuel strategy. Shell Signs Five Year SAF Deal With Delta Across Major U.S. Airports
- Neutral Sentiment: Peer airline earnings from Southwest and American Airlines showed that record or strong revenues and premium demand can offset some cost pressure, reinforcing the view that airline fundamentals are mixed but still resilient. Southwest Airlines Q2 Earnings Beat Estimates on Record Revenue Growth AAL Q2 Earnings Beat Estimates on Record Revenues, Premium Demand
- Negative Sentiment: Higher fuel costs remain the main stock pressure point, with American Airlines lowering its annual profit outlook after warning that swelling jet fuel costs could add $6 billion in 2026; that same sector-wide concern is weighing on DAL. Swelling jet fuel costs hit American Airlines outlook Delta Air Lines Slides as Fuel-Cost Concerns Pressure Airline Shares
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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