Raleigh Capital Management Inc. Has $786,000 Holdings in Delta Air Lines, Inc. $DAL

Raleigh Capital Management Inc. grew its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 90.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,830 shares of the transportation company’s stock after acquiring an additional 5,603 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Delta Air Lines were worth $786,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of DAL. Koshinski Asset Management Inc. lifted its holdings in shares of Delta Air Lines by 17.2% in the 1st quarter. Koshinski Asset Management Inc. now owns 6,907 shares of the transportation company’s stock worth $459,000 after purchasing an additional 1,013 shares in the last quarter. V Square Quantitative Management LLC increased its stake in Delta Air Lines by 0.9% during the 1st quarter. V Square Quantitative Management LLC now owns 19,872 shares of the transportation company’s stock valued at $1,321,000 after purchasing an additional 182 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Delta Air Lines by 12.2% during the first quarter. QRG Capital Management Inc. now owns 154,544 shares of the transportation company’s stock worth $10,274,000 after buying an additional 16,769 shares during the last quarter. HB Wealth Management LLC raised its holdings in Delta Air Lines by 12.9% during the first quarter. HB Wealth Management LLC now owns 177,145 shares of the transportation company’s stock worth $11,777,000 after buying an additional 20,203 shares during the last quarter. Finally, World Investment Advisors raised its holdings in Delta Air Lines by 13.5% during the first quarter. World Investment Advisors now owns 16,978 shares of the transportation company’s stock worth $1,129,000 after buying an additional 2,021 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DAL shares. Wells Fargo & Company lifted their price objective on shares of Delta Air Lines from $75.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday. The Goldman Sachs Group upped their target price on shares of Delta Air Lines from $80.00 to $116.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group raised their price target on shares of Delta Air Lines from $98.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Jefferies Financial Group lifted their price target on Delta Air Lines from $81.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, BNP Paribas Exane decreased their price objective on Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. One 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.93.

Insider Transactions at Delta Air Lines

In related news, EVP Allison C. Ausband sold 9,710 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total transaction of $737,960.00. Following the completion of the sale, the executive vice president directly owned 138,854 shares of the company’s stock, valued at approximately $10,552,904. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John E. Laughter sold 69,304 shares of Delta Air Lines stock in a transaction on Friday, April 10th. The stock was sold at an average price of $68.15, for a total value of $4,723,067.60. Following the sale, the executive vice president owned 69,369 shares in the company, valued at $4,727,497.35. This trade represents a 49.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 149,635 shares of company stock worth $10,833,855 in the last 90 days. Insiders own 0.80% of the company’s stock.

Delta Air Lines Stock Performance

NYSE DAL opened at $92.75 on Friday. 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. The firm has a market cap of $60.94 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 1.39 and a beta of 1.29. The company has a fifty day moving average price of $78.99 and a 200-day moving average price of $71.91.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.05 billion. During the same period last year, the firm earned $0.46 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 5.47 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $0.86 annualized dividend and a dividend yield of 0.9%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s payout ratio is 10.93%.

Key Headlines Impacting Delta Air Lines

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

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.