Deroy & Devereaux Private Investment Counsel Inc. lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 526,785 shares of the transportation company’s stock after selling 9,367 shares during the period. Delta Air Lines makes up 1.8% of Deroy & Devereaux Private Investment Counsel Inc.’s portfolio, making the stock its 15th biggest position. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.08% of Delta Air Lines worth $36,559,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AlphaQuest LLC raised its holdings in shares of Delta Air Lines by 90.6% in the 3rd quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock worth $25,000 after buying an additional 211 shares in the last quarter. Accredited Wealth Management LLC lifted its position in shares of Delta Air Lines by 1,983.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after buying an additional 476 shares during the period. 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 valued at $32,000 after buying an additional 508 shares in the last quarter. Byrne Asset Management LLC acquired a new stake in Delta Air Lines in the 4th quarter valued at $35,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Delta Air Lines in the third quarter valued at $35,000. Institutional investors own 69.93% of the company’s stock.
Delta Air Lines News Summary
Here are the key news stories impacting Delta Air Lines this week:
- Positive Sentiment: Fuel relief from Strait of Hormuz comments — Iran said the Strait of Hormuz will remain open, triggering a steep drop in crude (WTI and Brent) and easing near‑term jet‑fuel cost pressure for airlines, which lifted Delta shares. Read More.
- Positive Sentiment: Analyst upgrades and higher targets after Q1 — Several brokers have raised price targets and maintained buy ratings following Delta’s better‑than‑expected Q1 results and favorable commentary on premium and loyalty revenue, supporting upside sentiment. Read More.
- Neutral Sentiment: Zacks moves rating to Hold — Zacks upgraded DAL from “strong sell” to “hold,” which is mild support but not a strong buy signal. Read More.
- Neutral Sentiment: Industry M&A chatter — Ongoing discussion about consolidation among U.S. carriers (United/American rumors) can rotate investor flows across names; Delta may benefit as a standalone leader but the direct impact is indirect. Read More.
- Negative Sentiment: Insider selling disclosed — EVP John Laughter sold ~15,000 shares (SEC filing), which can spook some investors even if sales are for diversification or liquidity. Read More.
- Negative Sentiment: Sector risk from Spirit distress — Reports of rising bankruptcy/liquidation risk at Spirit Airlines are weighing on sector sentiment and could create volatility for peers, including Delta. Read More.
Delta Air Lines Stock Up 2.6%
Delta Air Lines (NYSE:DAL – Get Free Report) last posted its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share 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 quarter last year, the company posted $0.46 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.
Delta Air Lines Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, February 26th were issued a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.0%. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.93%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on DAL shares. Seaport Research Partners increased their price objective on Delta Air Lines from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Wolfe Research lowered their target price on shares of Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. HSBC dropped their target price on shares of Delta Air Lines from $80.20 to $79.30 and set a “buy” rating for the company in a research report on Thursday, April 9th. TD Cowen lifted their price target on shares of Delta Air Lines from $76.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Finally, Weiss Ratings lowered shares of Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.26.
Get Our Latest Report on Delta Air Lines
Insider Transactions at Delta Air Lines
In other news, EVP Steven M. Sear sold 38,600 shares of Delta Air Lines stock in a transaction on Monday, February 9th. The stock was sold at an average price of $75.05, for a total value of $2,896,930.00. Following the completion of the sale, the executive vice president directly owned 104,404 shares of the company’s stock, valued at approximately $7,835,520.20. This trade represents a 26.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alain Bellemare sold 35,212 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $75.20, for a total value of $2,647,942.40. Following the sale, the executive vice president owned 138,176 shares of the company’s stock, valued at approximately $10,390,835.20. The trade was a 20.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 353,611 shares of company stock worth $25,182,798 over the last ninety days. 0.88% of the stock is currently owned by insiders.
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.
Further Reading
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