Allworth Financial LP Sells 41,846 Shares of Delta Air Lines, Inc. $DAL

Key Points

• Allworth Financial reduced its Delta Air Lines position by 44.5% in the second quarter, selling 41,846 shares and retaining 52,196 shares valued at approximately $4.9 million. Institutional investors own nearly 70% of Delta, while insiders have also sold shares recently.
• Delta reported quarterly earnings of $1.56 per share, exceeding estimates, while revenue rose 18.7% year over year to $17.67 billion. The company also increased its quarterly dividend to $0.215 per share.
• Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating and an average price target of $99.84, although opinions are mixed. Delta’s planned loyalty partnership with Hyatt could support customer engagement and premium-travel demand, while labor-union scrutiny presents a potential risk.

Allworth Financial LP cut its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 44.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 52,196 shares of the transportation company's stock after selling 41,846 shares during the quarter. Allworth Financial LP's holdings in Delta Air Lines were worth $4,889,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in shares of Delta Air Lines by 3.8% in the second quarter. Parkside Financial Bank & Trust now owns 3,535 shares of the transportation company's stock valued at $331,000 after purchasing an additional 129 shares in the last quarter. Arlington Trust Co LLC grew its stake in shares of Delta Air Lines by 11.7% during the 2nd quarter. Arlington Trust Co LLC now owns 1,238 shares of the transportation company's stock worth $116,000 after acquiring an additional 130 shares in the last quarter. Guardian Wealth Advisors LLC NC raised its holdings in shares of Delta Air Lines by 3.5% in the second quarter. Guardian Wealth Advisors LLC NC now owns 3,900 shares of the transportation company's stock valued at $365,000 after purchasing an additional 131 shares during the last quarter. IFM Investors Pty Ltd lifted its position in shares of Delta Air Lines by 0.5% in the fourth quarter. IFM Investors Pty Ltd now owns 28,167 shares of the transportation company's stock worth $1,955,000 after purchasing an additional 144 shares in the last quarter. Finally, Utah Retirement Systems lifted its position in shares of Delta Air Lines by 0.3% in the fourth quarter. Utah Retirement Systems now owns 52,620 shares of the transportation company's stock worth $3,652,000 after purchasing an additional 144 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Delta Air Lines

In other news, CEO Edward H. Bastian sold 206,510 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $92.80, for a total transaction of $19,164,128.00. Following the completion of the sale, the chief executive officer owned 1,363,448 shares of the company's stock, valued at approximately $126,527,974.40. This represents a 13.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven M. Sear sold 40,460 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $93.55, for a total transaction of $3,785,033.00. Following the sale, the executive vice president owned 104,404 shares in the company, valued at $9,766,994.20. This represents a 27.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 356,726 shares of company stock valued at $33,081,037 over the last three months. 0.80% of the stock is owned by insiders.

Key Headlines Impacting Delta Air Lines

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

• Positive Sentiment: Delta announced a long-term strategic collaboration with Hyatt Hotels that will connect the Delta SkyMiles and World of Hyatt loyalty programs. Eligible elite members are expected to earn points across both programs, potentially increasing customer engagement, premium travel demand and valuable loyalty-related revenue. Hyatt Announces Long-Term Strategic Collaboration with Delta Air Lines
• Neutral Sentiment: Analyst opinions on Delta are described as mixed, indicating disagreement over the stock’s valuation and earnings outlook. This may limit buying interest until investors receive clearer evidence of improving profitability and demand trends. Analysts’ Opinions Are Mixed on Delta Air Lines
• Neutral Sentiment: United Airlines plans to suspend service on a route until March 2027 and offer refunds. The capacity reduction could modestly benefit Delta if it serves the same market, although the report does not establish a direct impact on Delta’s network. United Airlines to Exit Market Until March 2027
• Negative Sentiment: Democratic senators urged Delta to remain neutral in a union-organizing effort. Increased political attention or unionization could raise labor costs, reduce operating flexibility or create the risk of disruption, adding pressure to the stock’s outlook. Democratic Senators Urge Delta to Remain Neutral in Union Organizing Effort

Delta Air Lines Trading Down 0.2%

Shares of DAL stock opened at $78.82 on Thursday. Delta Air Lines, Inc. has a 12-month low of $55.03 and a 12-month high of $95.68. The company has a market capitalization of $51.83 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.09 and a beta of 1.29. The firm has a 50 day moving average price of $85.75 and a two-hundred day moving average price of $77.12. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Thursday, July 9th. The transportation company reported $1.56 EPS 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 company had revenue of $17.67 billion for the quarter, compared to the consensus estimate of $17.43 billion. During the same quarter in the prior year, the business earned $2.10 earnings per share. The firm's revenue for the quarter was up 18.7% on a year-over-year basis. As a group, analysts predict that Delta Air Lines, Inc. will post 6.23 earnings per share for the current year.

Delta Air Lines Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays increased their price objective on shares of Delta Air Lines from $85.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Wells Fargo & Company lifted their target price on Delta Air Lines from $75.00 to $105.00 and gave the company an "overweight" rating in a research report on Tuesday, June 30th. BMO Capital Markets upped their target price on Delta Air Lines from $80.00 to $105.00 and gave the stock an "outperform" rating in a report on Thursday, July 2nd. Bank of America increased their price target on Delta Air Lines from $93.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Finally, TD Cowen decreased their price target on Delta Air Lines from $112.00 to $105.00 and set a "buy" rating for the company in a research note on Monday, August 24th. Twenty-three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Delta Air Lines currently has a consensus rating of "Moderate Buy" and a consensus target price of $99.84.

Delta Air Lines Profile

Delta Air Lines, Inc is a major U.S. airline that provides scheduled passenger air transportation throughout the United States and to destinations across North America, Latin America, Europe, Asia, Africa and the Middle East. The company also offers air cargo services and operates a loyalty program, SkyMiles, along with related travel and customer services.

Headquartered in Atlanta, Georgia, Delta operates a network of domestic and international routes through hubs and focus cities that include Atlanta, Boston, Detroit, Los Angeles, Minneapolis–Saint Paul, New York, Salt Lake City and Seattle.

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