372,118 Shares in Delta Air Lines, Inc. $DAL Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 372,118 shares of the transportation company's stock, valued at approximately $34,853,000. Public Employees Retirement System of Ohio owned about 0.06% of Delta Air Lines at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of Delta Air Lines in the second quarter worth approximately $1,182,646,000. Wellington Management Group LLP raised its holdings in Delta Air Lines by 137.4% during the 4th quarter. Wellington Management Group LLP now owns 13,811,787 shares of the transportation company's stock valued at $958,538,000 after buying an additional 7,994,004 shares during the last quarter. Life Cycle Investment Partners Ltd purchased a new stake in Delta Air Lines during the 4th quarter valued at $471,532,000. Pacer Advisors Inc. boosted its position in Delta Air Lines by 1,579.2% during the 4th quarter. Pacer Advisors Inc. now owns 2,673,400 shares of the transportation company's stock valued at $185,534,000 after buying an additional 2,514,193 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Delta Air Lines by 44.3% in the 4th quarter. AQR Capital Management LLC now owns 6,155,776 shares of the transportation company's stock worth $426,441,000 after acquiring an additional 1,890,521 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Analyst Upgrades and Downgrades

DAL has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price target on Delta Air Lines from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Argus set a $105.00 price objective on Delta Air Lines in a research report on Tuesday, July 14th. Wells Fargo & Company boosted their target price on Delta Air Lines from $75.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, June 30th. Cantor Fitzgerald set a $112.00 target price on Delta Air Lines in a report on Tuesday, July 14th. Finally, Benchmark reaffirmed a "buy" rating on shares of Delta Air Lines in a research note on Wednesday, July 8th. Twenty-three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $99.84.

Insider Buying and Selling

In other news, Director Michael P. Huerta sold 3,100 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $94.11, for a total value of $291,741.00. Following the completion of the sale, the director directly owned 32,525 shares in the company, valued at $3,060,927.75. This represents a 8.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Alain Bellemare sold 35,000 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $92.72, for a total value of $3,245,200.00. Following the completion of the sale, the executive vice president owned 95,025 shares of the company's stock, valued at approximately $8,810,718. The trade was a 26.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 356,726 shares of company stock valued at $33,081,037 over the last ninety days. 0.80% of the stock is owned by insiders.

Delta Air Lines News Summary

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: A U.S. appeals court vacated the Department of Transportation’s order terminating Delta’s joint venture and antitrust immunity with Grupo Aeroméxico. The ruling preserves the decade-old cross-border partnership, supporting network breadth, schedule coordination and potential revenue synergies. Delta Air Lines vs. Grupo Aeroméxico partnership article
• Positive Sentiment: Delta plans to resume daily nonstop service between New York and Tel Aviv on September 6. Restoring the route could improve international capacity utilization and revenue if travel demand remains firm. Delta to resume New York-Tel Aviv flights
• Positive Sentiment: Industry airfares have risen sharply, indicating a favorable pricing environment for carriers such as Delta. Higher fares could support revenue and margins, although capacity and demand will determine how durable the benefit is. Airfare pricing article
• Positive Sentiment: Delta’s valuation and analyst sentiment remain supportive: the company is described as a strong value stock and has a consensus “Moderate Buy” rating. Elevated call-option activity also signals increased near-term bullish speculation, though options flow is not a fundamental guarantee.
• Neutral Sentiment: Delta and United have resumed flights amid a broader shift in travel patterns; the key variables are whether demand holds and whether airlines can sustain pricing. Delta and United resume flights
• Negative Sentiment: American Airlines is restoring seatback screens to narrow its product and profitability gap with Delta, potentially increasing competitive pressure on Delta’s premium-service advantage. American Airlines restores screens
• Negative Sentiment: Recent trading showed DAL underperforming the broader market, suggesting investors may be taking profits or focusing on execution, competition and the sustainability of airline pricing despite the favorable partnership ruling.

Delta Air Lines Stock Down 1.3%

DAL stock opened at $80.09 on Friday. Delta Air Lines, Inc. has a twelve month low of $55.03 and a twelve month high of $95.68. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48. The firm has a market cap of $52.67 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 1.12 and a beta of 1.31. The business has a 50 day moving average of $87.73 and a 200 day moving average of $76.64.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.07. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The firm had revenue of $17.67 billion during the quarter, compared to the consensus estimate of $17.43 billion. During the same period last year, the company earned $2.10 earnings per share. The company's revenue was up 18.7% on a year-over-year basis. On average, research analysts forecast that Delta Air Lines, Inc. will post 6.23 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th were paid a $0.215 dividend. This is an increase from Delta Air Lines's previous quarterly dividend of $0.19. The ex-dividend date was Thursday, July 9th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. Delta Air Lines's dividend payout ratio (DPR) is 14.26%.

About Delta Air Lines

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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