Global Retirement Partners LLC grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 66.7% during the fourth quarter, Holdings Channel reports. The firm owned 23,095 shares of the transportation company’s stock after purchasing an additional 9,241 shares during the period. Global Retirement Partners LLC’s holdings in Delta Air Lines were worth $1,603,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DAL. Wellington Management Group LLP raised its holdings in Delta Air Lines by 54.8% during the third quarter. Wellington Management Group LLP now owns 5,817,783 shares of the transportation company’s stock worth $330,159,000 after purchasing an additional 2,058,744 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Delta Air Lines by 23.3% during the third quarter. Bank of New York Mellon Corp now owns 7,661,911 shares of the transportation company’s stock worth $434,813,000 after purchasing an additional 1,447,058 shares in the last quarter. Marshall Wace LLP raised its holdings in Delta Air Lines by 16,044.7% during the third quarter. Marshall Wace LLP now owns 1,263,320 shares of the transportation company’s stock worth $71,693,000 after purchasing an additional 1,255,495 shares in the last quarter. Lansdowne Partners UK LLP raised its holdings in Delta Air Lines by 47.0% during the third quarter. Lansdowne Partners UK LLP now owns 2,284,257 shares of the transportation company’s stock worth $129,632,000 after purchasing an additional 730,368 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in Delta Air Lines by 24.6% during the third quarter. Allianz Asset Management GmbH now owns 2,791,581 shares of the transportation company’s stock worth $158,422,000 after purchasing an additional 550,480 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on DAL. Sanford C. Bernstein raised their price objective on shares of Delta Air Lines from $81.00 to $88.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Bank of America cut their price objective on shares of Delta Air Lines from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. UBS Group raised their price objective on shares of Delta Air Lines from $86.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Evercore reissued an “outperform” rating and set a $85.00 price objective on shares of Delta Air Lines in a report on Friday, April 17th. Finally, Seaport Research Partners raised their price objective on shares of Delta Air Lines from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Delta Air Lines has a consensus rating of “Moderate Buy” and a consensus target price of $79.76.
Insider Buying and Selling at Delta Air Lines
In other Delta Air Lines news, EVP Alain Bellemare sold 20,621 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $72.75, for a total value of $1,500,177.75. Following the transaction, the executive vice president directly owned 120,025 shares of the company’s stock, valued at approximately $8,731,818.75. The trade was a 14.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John E. Laughter sold 69,304 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $68.15, for a total transaction of $4,723,067.60. Following the completion of the transaction, the executive vice president directly owned 69,369 shares in the company, valued at $4,727,497.35. This represents a 49.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 204,925 shares of company stock valued at $14,323,395. 0.80% of the stock is owned by company insiders.
Delta Air Lines Stock Performance
Shares of Delta Air Lines stock opened at $76.16 on Monday. The firm’s fifty day simple moving average is $68.23 and its 200-day simple moving average is $67.26. The stock has a market capitalization of $50.04 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.10 and a beta of 1.25. Delta Air Lines, Inc. has a 12 month low of $45.28 and a 12 month high of $77.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36.
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 analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.05 billion. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 EPS. As a group, equities analysts forecast that Delta Air Lines, Inc. will post 5.26 earnings per share for the current year.
Delta Air Lines Dividend Announcement
The firm 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 $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, May 14th. Delta Air Lines’s payout ratio is presently 10.93%.
Delta Air Lines Company 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.
Recommended Stories
- Five stocks we like better than Delta Air Lines
- The Smart Glasses Gold Rush Is Leaving Old-School Eyewear Behind
- 3 Rare Earth Stocks That Win No Matter What China Does Next
- Amylyx Stock: Why the Full Pipeline Story Matters
- Palantir and Dell Build an AI OS for the Paranoid
Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL – Free Report).
Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.
