HB Wealth Management LLC lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 12.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 177,145 shares of the transportation company’s stock after buying an additional 20,203 shares during the period. HB Wealth Management LLC’s holdings in Delta Air Lines were worth $11,777,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Capital International Investors boosted its holdings in shares of 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 valued at $1,680,249,000 after acquiring an additional 1,012,265 shares in the last quarter. State Street Corp increased its holdings in Delta Air Lines by 0.7% in the 4th quarter. State Street Corp now owns 23,163,644 shares of the transportation company’s stock worth $1,607,557,000 after purchasing an additional 165,729 shares in the last quarter. Geode Capital Management LLC increased its holdings in Delta Air Lines by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 17,413,841 shares of the transportation company’s stock worth $1,215,766,000 after purchasing an additional 202,865 shares in the last quarter. Wellington Management Group LLP raised its position in Delta Air Lines by 137.4% in the fourth quarter. Wellington Management Group LLP now owns 13,811,787 shares of the transportation company’s stock valued at $958,538,000 after purchasing an additional 7,994,004 shares during the last quarter. Finally, Morgan Stanley raised its position in Delta Air Lines by 0.5% in the fourth quarter. Morgan Stanley now owns 12,310,804 shares of the transportation company’s stock valued at $854,370,000 after purchasing an additional 56,455 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.
Delta Air Lines Trading Up 0.0%
NYSE DAL opened at $92.75 on Friday. The business’s 50-day moving average price is $78.99 and its two-hundred day moving average price is $71.91. Delta Air Lines, Inc. has a 12 month low of $49.19 and a 12 month high of $95.68. The firm has a market capitalization of $60.94 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 1.39 and a beta of 1.29. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54.
Delta Air Lines Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $0.86 dividend on an annualized basis and a yield of 0.9%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s payout ratio is currently 10.93%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Sanford C. Bernstein boosted their price target on Delta Air Lines from $88.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Zacks Research upgraded shares of Delta Air Lines from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. Argus lifted their target price on shares of Delta Air Lines from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Evercore boosted their target price on shares of Delta Air Lines from $85.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Finally, UBS Group upped their price target on shares of Delta Air Lines from $98.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.93.
View Our Latest Stock Report on DAL
More Delta Air Lines News
Here are the key news stories impacting Delta Air Lines this week:
- Positive Sentiment: Multiple earnings-preview pieces say Delta looks positioned to beat estimates, supported by strong bookings and lower fuel costs, which could improve near-term results. Delta Air Lines (DAL) Expected to Beat Earnings Estimates: Should You Buy?
- Positive Sentiment: BMO Capital Markets raised its price target on Delta to $105 from $80 and kept an outperform rating, reinforcing a more optimistic Wall Street view of the airline. Benzinga report on BMO price target increase
- Positive Sentiment: Goldman Sachs and TD Cowen also lifted targets across major U.S. airlines, with Delta included, which signals improving analyst confidence in the sector’s revenue outlook. Airlines Get a Wall Street Lift as Goldman, TD Cowen Raise Targets on Delta, United, Southwest, American
- Positive Sentiment: Delta’s international expansion, including its Korean Air partnership and new Los Angeles-to-Hong Kong service, underscores growth in the high-margin trans-Pacific market. Delta (DAL) Expands Pacific Reach With Korean Air Tie Up And Hong Kong Route
Insiders Place Their Bets
In other Delta Air Lines news, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the completion of the transaction, the executive vice president owned 95,025 shares in the company, valued at approximately $7,738,836. This trade represents a 20.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John E. Laughter sold 69,304 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was 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 owned 69,369 shares in the company, valued at $4,727,497.35. This trade represents a 49.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 149,635 shares of company stock worth $10,833,855. 0.80% 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.
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