Leonteq Securities AG grew its holdings in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 57.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,075 shares of the transportation company’s stock after buying an additional 22,763 shares during the quarter. Leonteq Securities AG’s holdings in Delta Air Lines were worth $4,127,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. Capital International Investors grew its holdings in Delta Air Lines by 4.4% during the 4th quarter. Capital International Investors now owns 24,211,101 shares of the transportation company’s stock worth $1,680,249,000 after acquiring an additional 1,012,265 shares during the last quarter. State Street Corp raised its stake in shares of Delta Air Lines by 0.7% in the fourth quarter. State Street Corp now owns 23,163,644 shares of the transportation company’s stock worth $1,607,557,000 after acquiring an additional 165,729 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Delta Air Lines by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 17,413,841 shares of the transportation company’s stock worth $1,215,766,000 after acquiring an additional 202,865 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Delta Air Lines by 137.4% during the fourth quarter. Wellington Management Group LLP now owns 13,811,787 shares of the transportation company’s stock worth $958,538,000 after purchasing an additional 7,994,004 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Delta Air Lines by 0.5% during the fourth quarter. Morgan Stanley now owns 12,310,804 shares of the transportation company’s stock worth $854,370,000 after purchasing an additional 56,455 shares in the last quarter. 69.93% of the stock is owned by institutional investors.
Insider Activity at Delta Air Lines
In other Delta Air Lines 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 transaction, the executive vice president owned 54,369 shares of the company’s stock, valued at approximately $3,893,364.09. This represents a 21.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Allison C. Ausband sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total value of $395,000.00. Following the transaction, the executive vice president owned 133,854 shares in the company, valued at approximately $10,574,466. This trade represents a 3.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 149,635 shares of company stock worth $10,833,855. 0.80% of the stock is owned by insiders.
Delta Air Lines Trading Down 0.3%
Delta Air Lines (NYSE:DAL – Get Free Report) last released its earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.05 billion. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. On average, analysts predict that Delta Air Lines, Inc. will post 5.36 EPS for the current year.
Delta Air Lines Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be issued a $0.215 dividend. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.19. This represents a $0.86 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Thursday, July 9th. Delta Air Lines’s dividend payout ratio is currently 12.54%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on DAL shares. 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 report on Tuesday, June 23rd. Rothschild & Co Redburn reduced their price objective on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Raymond James Financial increased their price objective on Delta Air Lines from $76.00 to $80.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 9th. Argus lifted their target price on Delta Air Lines from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Finally, The Goldman Sachs Group boosted their target price on Delta Air Lines from $80.00 to $116.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.93.
Check Out Our Latest Analysis on Delta Air Lines
Trending Headlines about Delta Air Lines
Here are the key news stories impacting Delta Air Lines this week:
- Positive Sentiment: BMO Capital Markets raised its price target on Delta to $105 from $80 and reiterated an outperform rating, signaling meaningful upside potential. Benzinga report on BMO price target increase
- Positive Sentiment: Bank of America also turned more constructive on Delta, lifting its target to $100 from $93 and maintaining a buy rating, citing strong demand, sticky airfares, and lower fuel costs across the airline sector. Benzinga report on Bank of America rating
- Positive Sentiment: Multiple reports noted that airline stocks, including DAL, rose after analysts said revenue trends could keep outperforming historical patterns, reinforcing optimism into second-quarter results. TipRanks article on airline revenue outlook
- Positive Sentiment: Zacks highlighted Delta’s strong earnings surprise history and suggested the company has the ingredients to beat estimates again, adding to pre-earnings confidence. Zacks article on Delta earnings outlook
- Neutral Sentiment: Several articles pointed to Delta’s strategic expansion, including trans-Pacific growth and new flight opportunities, which support the long-term story but are less likely to move the stock immediately. Yahoo Finance article on Delta long-term strength
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.
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