ProShare Advisors LLC increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,848 shares of the transportation company’s stock after buying an additional 10,297 shares during the quarter. ProShare Advisors LLC’s holdings in Delta Air Lines were worth $8,664,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Federated Hermes Inc. grew its stake in shares of Delta Air Lines by 7.7% in the third quarter. Federated Hermes Inc. now owns 358,870 shares of the transportation company’s stock worth $20,366,000 after purchasing an additional 25,507 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Delta Air Lines by 10.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,344 shares of the transportation company’s stock worth $4,957,000 after purchasing an additional 8,309 shares in the last quarter. Independent Advisor Alliance grew its stake in shares of Delta Air Lines by 41.3% in the third quarter. Independent Advisor Alliance now owns 53,601 shares of the transportation company’s stock worth $3,042,000 after purchasing an additional 15,661 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Delta Air Lines by 14.0% in the third quarter. TD Asset Management Inc now owns 457,796 shares of the transportation company’s stock worth $25,980,000 after purchasing an additional 56,365 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in shares of Delta Air Lines in the third quarter worth $1,041,000. 69.93% of the stock is currently owned by institutional investors.
Trending Headlines about Delta Air Lines
Here are the key news stories impacting Delta Air Lines this week:
- Positive Sentiment: Recent coverage highlighted Delta as outperforming the broader market, with trading strength tied to continued investor optimism after Berkshire Hathaway disclosed a new multi-billion-dollar stake in the airline. Delta Air Lines shares jump after Berkshire Hathaway reveals a new multi-billion-dollar stake
- Positive Sentiment: Falling oil prices have also supported airline stocks, since lower jet fuel costs can improve margins for carriers like Delta Air Lines. Airline Stocks Rise As Oil Prices Drop: Here’s What You Should Know
- Positive Sentiment: Analyst commentary has remained constructive, with multiple firms maintaining buy or overweight ratings and several recent price targets above current levels, reinforcing the bullish view on DAL. Analysts Offer Insights on Industrial Goods Companies: RXO, Inc. (RXO) and Delta Air Lines (DAL)
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on DAL
Delta Air Lines Trading Up 2.1%
Shares of NYSE DAL opened at $75.67 on Friday. Delta Air Lines, Inc. has a 12 month low of $45.28 and a 12 month high of $76.39. The company has a market cap of $49.72 billion, a price-to-earnings ratio of 11.03, a P/E/G ratio of 1.07 and a beta of 1.25. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $67.89 and a 200-day simple moving average of $67.14.
Delta Air Lines (NYSE:DAL – Get Free Report) last announced its earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.05 billion. During the same period in the prior year, the business posted $0.46 earnings per share. Delta Air Lines’s revenue was up 9.4% compared to the same quarter last year. Sell-side analysts predict that Delta Air Lines, Inc. will post 5.26 EPS for the current year.
Delta Air Lines Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, May 14th. Delta Air Lines’s dividend payout ratio is currently 10.93%.
Insider Activity
In related news, EVP John E. Laughter sold 15,000 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total value of $1,074,150.00. Following the completion of the sale, the executive vice president directly owned 54,369 shares of the company’s stock, valued at approximately $3,893,364.09. This represents a 21.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alain Bellemare sold 20,621 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $72.75, for a total value of $1,500,177.75. Following the completion of the sale, the executive vice president directly owned 120,025 shares of the company’s stock, valued at approximately $8,731,818.75. This represents a 14.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 204,925 shares of company stock valued at $14,323,395 over the last three months. Insiders own 0.80% of the company’s stock.
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.
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