Inceptionr LLC Invests $709,000 in Delta Air Lines, Inc. $DAL

Inceptionr LLC acquired a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) in the first quarter, Holdings Channel reports. The institutional investor acquired 10,670 shares of the transportation company’s stock, valued at approximately $709,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DAL. Lloyd Advisory Services LLC. acquired a new position in Delta Air Lines in the fourth quarter valued at about $31,000. Camelot Portfolios LLC acquired a new stake in shares of Delta Air Lines during the fourth quarter valued at about $34,000. Byrne Asset Management LLC acquired a new stake in shares of Delta Air Lines during the fourth quarter valued at about $35,000. Cornerstone Planning Group LLC increased its position in shares of Delta Air Lines by 451.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 429 shares during the last quarter. Finally, Atlas Wealth LLC purchased a new stake in shares of Delta Air Lines in the 1st quarter valued at approximately $35,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines News Roundup

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

• Positive Sentiment: Delta continues to draw investor interest as a major U.S. carrier with a strong Atlanta hub and ongoing travel demand support, which can help keep sentiment constructive around the stock. Article Title
• Positive Sentiment: Delta has also been trading with relatively low implied volatility, suggesting options are inexpensive and that traders may be positioning for a move higher or a stable range. Article Title
• Neutral Sentiment: Delta reportedly outperformed other airline stocks even as the broader group weakened, indicating relative strength rather than a clear company-specific catalyst. Article Title
• Negative Sentiment: Rising jet fuel prices are pressuring U.S. airline earnings forecasts, and Delta has already flagged fuel expense as a key margin headwind, which is weighing on airline shares. Article Title

Delta Air Lines Stock Up 3.8%

Shares of DAL opened at $85.07 on Friday. The stock has a market capitalization of $55.94 billion, a PE ratio of 14.11, a P/E/G ratio of 1.03 and a beta of 1.29. Delta Air Lines, Inc. has a 1 year low of $50.44 and a 1 year high of $95.68. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.35 and a current ratio of 0.42. The company’s 50-day simple moving average is $83.80 and its 200-day simple moving average is $73.56.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.49 by $0.07. The business had revenue of $17.67 billion during the quarter, compared to analyst estimates of $17.43 billion. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.10 earnings per share. Analysts forecast that Delta Air Lines, Inc. will post 6.54 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The firm also recently announced 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. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, July 9th. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. Delta Air Lines’s dividend payout ratio (DPR) is currently 14.26%.

Insider Activity at Delta Air Lines

In other news, EVP Alain Bellemare sold 25,000 shares of the company’s 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 of the company’s stock, valued at approximately $7,738,836. This represents a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the sale, the executive vice president owned 138,854 shares in the company, 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. Insiders sold a total of 65,331 shares of company stock valued at $5,036,638 in the last three months. 0.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on DAL. Benchmark restated a “buy” rating on shares of Delta Air Lines in a report on Wednesday, July 8th. Evercore lifted their target price on shares of Delta Air Lines from $85.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. The Goldman Sachs Group lifted their target price on shares of Delta Air Lines from $80.00 to $116.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Seaport Research Partners boosted their target price on Delta Air Lines from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Finally, UBS Group upped their price target on Delta Air Lines from $107.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Twenty-three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Delta Air Lines currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.40.

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.