Junto Capital Management LP Acquires New Shares in Delta Air Lines, Inc. $DAL

Junto Capital Management LP bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 226,929 shares of the transportation company’s stock, valued at approximately $21,254,000.

Several other hedge funds also recently bought and sold shares of DAL. iA Global Asset Management Inc. increased its stake in shares of Delta Air Lines by 53.2% during the 4th quarter. iA Global Asset Management Inc. now owns 92,142 shares of the transportation company’s stock worth $6,395,000 after purchasing an additional 32,014 shares during the last quarter. Tredje AP fonden lifted its stake in shares of Delta Air Lines by 1,563.4% in the 4th quarter. Tredje AP fonden now owns 466,797 shares of the transportation company’s stock valued at $32,396,000 after purchasing an additional 438,735 shares during the last quarter. Leonteq Securities AG acquired a new stake in shares of Delta Air Lines in the 4th quarter valued at $2,728,000. Cerity Partners LLC boosted its holdings in Delta Air Lines by 13.6% in the fourth quarter. Cerity Partners LLC now owns 425,654 shares of the transportation company’s stock worth $29,540,000 after purchasing an additional 51,041 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Delta Air Lines during the fourth quarter worth $2,380,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Stock Down 0.2%

DAL stock opened at $78.82 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.42 and a quick ratio of 0.35. Delta Air Lines, Inc. has a 52-week low of $55.03 and a 52-week high of $95.68. The company has a 50-day moving average of $85.75 and a two-hundred day moving average of $77.12. The stock has a market capitalization of $51.83 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 1.09 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $17.43 billion. During the same period last year, the business posted $2.10 earnings per share. The firm’s revenue was up 18.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Delta Air Lines, Inc. will post 6.23 EPS for the current year.

Delta Air Lines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were issued a $0.215 dividend. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. Delta Air Lines’s payout ratio is 14.26%.

Wall Street Analyst Weigh In

DAL has been the topic of several recent research reports. Jefferies Financial Group raised their target price on Delta Air Lines from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, July 10th. BMO Capital Markets increased their price objective on Delta Air Lines from $80.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, July 2nd. Evercore raised their price objective on Delta Air Lines from $85.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. TD Cowen reduced their target price on Delta Air Lines from $112.00 to $105.00 and set a “buy” rating for the company in a report on Monday, August 24th. Finally, UBS Group upped 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. Twenty-three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.84.

Delta Air Lines News Summary

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

• Positive Sentiment: Delta announced a long-term strategic collaboration with Hyatt Hotels that will connect the Delta SkyMiles and World of Hyatt loyalty programs. Eligible elite members are expected to earn points across both programs, potentially increasing customer engagement, premium travel demand and valuable loyalty-related revenue. Hyatt Announces Long-Term Strategic Collaboration with Delta Air Lines
• Neutral Sentiment: Analyst opinions on Delta are described as mixed, indicating disagreement over the stock’s valuation and earnings outlook. This may limit buying interest until investors receive clearer evidence of improving profitability and demand trends. Analysts’ Opinions Are Mixed on Delta Air Lines
• Neutral Sentiment: United Airlines plans to suspend service on a route until March 2027 and offer refunds. The capacity reduction could modestly benefit Delta if it serves the same market, although the report does not establish a direct impact on Delta’s network. United Airlines to Exit Market Until March 2027
• Negative Sentiment: Democratic senators urged Delta to remain neutral in a union-organizing effort. Increased political attention or unionization could raise labor costs, reduce operating flexibility or create the risk of disruption, adding pressure to the stock’s outlook. Democratic Senators Urge Delta to Remain Neutral in Union Organizing Effort

Insider Buying and Selling

In other news, Director David G. Dewalt sold 31,756 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $90.85, for a total value of $2,885,032.60. Following the sale, the director owned 22,358 shares in the company, valued at approximately $2,031,224.30. This trade represents a 58.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven M. Sear sold 40,460 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $93.55, for a total transaction of $3,785,033.00. Following the transaction, the executive vice president directly owned 104,404 shares in the company, valued at $9,766,994.20. This trade represents a 27.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 356,726 shares of company stock worth $33,081,037. 0.80% of the stock is currently owned by company insiders.

Delta Air Lines Company Profile

Delta Air Lines, Inc is a major U.S. airline that provides scheduled passenger air transportation throughout the United States and to destinations across North America, Latin America, Europe, Asia, Africa and the Middle East. The company also offers air cargo services and operates a loyalty program, SkyMiles, along with related travel and customer services.

Headquartered in Atlanta, Georgia, Delta operates a network of domestic and international routes through hubs and focus cities that include Atlanta, Boston, Detroit, Los Angeles, Minneapolis–Saint Paul, New York, Salt Lake City and Seattle.