Strategic Investment Advisors MI raised its stake in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 113.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,328 shares of the transportation company’s stock after buying an additional 9,194 shares during the period. Strategic Investment Advisors MI’s holdings in Delta Air Lines were worth $1,149,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of DAL. Lloyd Advisory Services LLC. bought a new position in shares of Delta Air Lines in the 4th quarter valued at $31,000. SWAN Capital LLC grew its holdings in shares of Delta Air Lines by 1,016.0% during the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after purchasing an additional 508 shares during the last quarter. Camelot Portfolios LLC acquired a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $34,000. Cornerstone Planning Group LLC raised its holdings in Delta Air Lines by 451.6% in the 4th quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock valued at $34,000 after buying an additional 429 shares during the last quarter. Finally, Atlas Wealth LLC acquired a new stake in Delta Air Lines during the 1st quarter worth approximately $35,000. Institutional investors own 69.93% of the company’s stock.
Insider Transactions at Delta Air Lines
In other Delta Air Lines news, EVP Alain Bellemare sold 25,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was 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 directly owned 95,025 shares of the company’s stock, valued at approximately $7,738,836. This represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Allison C. Ausband sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total value of $395,000.00. Following the completion of the sale, the executive vice president directly owned 133,854 shares of the company’s stock, valued at $10,574,466. This represents a 3.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 65,331 shares of company stock valued at $5,036,638 in the last 90 days. 0.80% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Check Out Our Latest Analysis on Delta Air Lines
Delta Air Lines Price Performance
Shares of NYSE DAL opened at $88.70 on Friday. Delta Air Lines, Inc. has a fifty-two week low of $50.44 and a fifty-two week high of $95.68. The stock has a market cap of $58.33 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 1.08 and a beta of 1.29. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.35 and a current ratio of 0.42. The firm’s 50-day simple moving average is $85.07 and its 200 day simple moving average is $74.02.
Delta Air Lines (NYSE:DAL – Get Free Report) last posted its earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.07. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The firm had revenue of $17.67 billion during the quarter, compared to analyst estimates of $17.43 billion. During the same quarter in the prior year, the business posted $2.10 EPS. The business’s revenue was up 18.7% compared to the same quarter last year. As a group, research analysts anticipate that Delta Air Lines, Inc. will post 6.54 earnings per share for the current fiscal year.
Delta Air Lines Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 9th were issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, July 9th. Delta Air Lines’s dividend payout ratio is 14.26%.
Delta Air Lines News Summary
Here are the key news stories impacting Delta Air Lines this week:
- Positive Sentiment: Analyst fair-value estimates moved materially higher. Following Delta’s second-quarter results and management commentary, one estimate rose from $81.81 to $105.52. Analysts cited earnings execution, margins, and growth in premium and loyalty revenue as reasons for the improved outlook. Delta Air Lines Stock Gets Fair Value Boost After Q2 Spurs Analyst Target Hikes
- Positive Sentiment: Wall Street sentiment remains supportive. Coverage highlights Delta’s outperformance over the broader market and generally optimistic analyst views. The company’s latest quarterly results also exceeded expectations, with adjusted earnings of $1.56 per share versus a $1.49 consensus estimate and revenue of $17.67 billion versus $17.43 billion expected. Do Wall Street Analysts Like Delta Air Lines Stock?
- Positive Sentiment: Delta is benefiting from a less-cyclical revenue mix. Commentary contrasts Delta’s valuation with GE Aerospace’s premium and argues that premium cabins, loyalty programs and other diversified revenue streams make Delta less dependent on main-cabin ticket demand than in the past. Delta’s Profits vs. GE’s Premiums
- Neutral Sentiment: A new DraftKings partnership adds engagement but is not expected to materially change near-term earnings. Delta will offer SkyPicks, a free sports-knowledge contest available through Delta Sync Wi-Fi. Passengers can compete for Delta gift cards without wagering or depositing money, potentially enhancing the in-flight experience and customer engagement. Delta and DraftKings Add Sports Contests to In-Flight Entertainment
- Neutral Sentiment: Increased investor attention is amplifying visibility rather than providing a new fundamental catalyst. Recent coverage focuses on Delta’s relative transportation-sector performance, broker recommendations and its status as a widely followed stock. Are Transportation Stocks Lagging Delta Air Lines
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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