Delta Air Lines, Inc. $DAL Shares Sold by Interval Partners LP

Interval Partners LP cut its stake in Delta Air Lines, Inc. (NYSE:DAL) by 86.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,232 shares of the transportation company’s stock after selling 1,213,114 shares during the period. Interval Partners LP’s holdings in Delta Air Lines were worth $13,480,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of DAL. Accredited Wealth Management LLC boosted its stake in Delta Air Lines by 1,983.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after purchasing an additional 476 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in Delta Air Lines in the 4th quarter worth approximately $31,000. SWAN Capital LLC boosted its stake 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 acquired a new stake in Delta Air Lines during the 4th quarter valued at approximately $34,000. Finally, Cornerstone Planning Group LLC lifted its stake in Delta Air Lines by 451.6% during the 4th 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 period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $82.11 on Thursday. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The company has a 50 day simple moving average of $74.00 and a two-hundred day simple moving average of $70.01. Delta Air Lines, Inc. has a 12 month low of $45.28 and a 12 month high of $87.39. The stock has a market cap of $53.94 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.17 and a beta of 1.30.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The firm had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.05 billion. During the same period in the previous year, the business posted $0.46 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. As a group, analysts predict that Delta Air Lines, Inc. will post 5.37 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, May 14th. Delta Air Lines’s payout ratio is currently 10.93%.

Delta Air Lines News Summary

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

• Positive Sentiment: Bernstein reportedly raised its outlook on Delta, adding to a wave of favorable analyst attention that could support the stock by reinforcing expectations for earnings upside. Delta Air Lines To Rally Around 12%? Here Are 10 Top Analyst Forecasts For Wednesday
• Positive Sentiment: Delta said it will install VCT finlets across 240 Boeing 737NG aircraft, a move aimed at improving fuel efficiency and lowering operating costs over time. Delta Advances Fleet Efficiency with VCT Finlets Across 737NG Fleet
• Positive Sentiment: Reports that crude oil prices may fall if geopolitical tensions ease are constructive for airlines like Delta because jet fuel is a major expense and cheaper fuel can widen margins. 3 Stocks to Watch If the Strait of Hormuz Reopens
• Positive Sentiment: Delta was cleared by the U.S. Department of Transportation for its handling of the 2024 global IT outage, removing a potential regulatory overhang. Delta Air Lines is cleared by the DOT for how it handled the 2024 global IT outage
• Neutral Sentiment: Recent coverage also noted Delta’s quarter in the context of broader travel-sector earnings, but that piece appears more like benchmark commentary than a new stock-moving catalyst. Consumer Discretionary – Travel and Vacation Providers Stocks Q1 Results: Benchmarking Delta (NYSE:DAL)
• Neutral Sentiment: News that Spirit Airlines may make a comeback is mostly an industry headline and is not clearly a direct near-term driver for Delta’s shares. After Chapter 11 shutdown, Spirit Airlines may make a comeback
• Negative Sentiment: Bloomberg reported Delta may drop Safran as a supplier for new business-class suites after supply-chain and regulatory delays, which could signal execution risk around premium-cabin rollout plans. Delta Air Lines (DAL) Might Drop Safran SA, Reports Bloomberg

Insider Activity at Delta Air Lines

In related news, EVP Allison C. Ausband sold 9,710 shares of the business’s 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 transaction, the executive vice president directly owned 138,854 shares in the company, valued at $10,552,904. The trade was a 6.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction on 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 transaction, 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 149,635 shares of company stock worth $10,833,855 in the last three months. Company insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

DAL has been the subject of several research reports. Morgan Stanley lifted their price objective on shares of Delta Air Lines from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Rothschild & Co Redburn decreased their price objective on shares of Delta Air Lines from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Zacks Research upgraded shares of Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Sanford C. Bernstein lifted their price objective on shares of Delta Air Lines from $88.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Citigroup lifted their price objective on shares of Delta Air Lines from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Delta Air Lines has a consensus rating of “Moderate Buy” and a consensus price target of $81.05.

Delta Air Lines 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.