Andra AP fonden Makes New Investment in Delta Air Lines, Inc. $DAL

Key Points

• Andra AP fonden opened a new position in Delta Air Lines during the first quarter, buying 21,900 shares valued at about $1.46 million.
• Several other institutional investors also increased or initiated stakes in DAL, and roughly 69.93% of the stock is held by hedge funds and other institutions. At the same time, company insiders have been selling shares in recent months.
• Delta beat its latest quarterly earnings estimates, and analysts remain broadly bullish: multiple firms raised price targets, with the consensus rating at Moderate Buy and an average target of $100.40. The company also raised its quarterly dividend to $0.215 per share.

Andra AP fonden bought a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 21,900 shares of the transportation company's stock, valued at approximately $1,456,000.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Delta Air Lines by 33.5% during the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company's stock valued at $555,000 after buying an additional 2,302 shares during the period. Acadian Asset Management LLC purchased a new position in Delta Air Lines during the first quarter worth $178,000. Sivia Capital Partners LLC bought a new position in Delta Air Lines during the second quarter valued at $555,000. Marshall Wace LLP increased its position in Delta Air Lines by 102.2% during the second quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company's stock valued at $385,000 after acquiring an additional 357,825 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Delta Air Lines by 10.6% in the second quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company's stock worth $2,859,000 after purchasing an additional 5,564 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total value of $2,036,000.00. Following the transaction, the executive vice president owned 95,025 shares of the company's stock, valued at $7,738,836. The trade was a 20.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Allison C. Ausband sold 9,710 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total transaction of $737,960.00. Following the transaction, the executive vice president owned 138,854 shares of the company's stock, valued at approximately $10,552,904. This trade represents a 6.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 65,331 shares of company stock valued at $5,036,638. Corporate insiders own 0.80% of the company's stock.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of research analyst reports. Cantor Fitzgerald set a $112.00 price target on Delta Air Lines in a research note on Tuesday, July 14th. BMO Capital Markets upped their price objective on Delta Air Lines from $80.00 to $105.00 and gave the company an "outperform" rating in a research report on Thursday, July 2nd. Barclays upped their price objective on Delta Air Lines from $85.00 to $105.00 and gave the company an "overweight" rating in a research report on Thursday, June 25th. Wells Fargo & Company boosted their target price on shares of Delta Air Lines from $75.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, June 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Delta Air Lines from $85.00 to $114.00 and gave the stock an "overweight" rating in a report on Monday, July 13th. Twenty-three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.40.

Delta Air Lines Trading Down 1.9%

Shares of NYSE DAL opened at $81.92 on Friday. The firm has a market cap of $53.87 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 1.05 and a beta of 1.29. 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, Inc. has a twelve month low of $50.44 and a twelve month high of $95.68. The business has a fifty day simple moving average of $83.50 and a two-hundred day simple moving average of $73.48.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings data 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 in the previous year, the company posted $2.10 earnings per share. The firm's quarterly revenue was up 18.7% on a year-over-year basis. Analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th will be issued a $0.215 dividend. The ex-dividend date is Thursday, July 9th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. This is a boost from Delta Air Lines's previous quarterly dividend of $0.19. Delta Air Lines's dividend payout ratio (DPR) is 14.26%.

Trending Headlines about Delta Air Lines

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

• Positive Sentiment: Delta’s recent business trends still appear constructive, with the company reporting strong quarterly revenue and continued demand strength in travel, and management also recently announced a five-year sustainable aviation fuel partnership with Shell that could support longer-term fuel strategy. Shell Signs Five Year SAF Deal With Delta Across Major U.S. Airports
• Neutral Sentiment: Peer airline earnings from Southwest and American Airlines showed that record or strong revenues and premium demand can offset some cost pressure, reinforcing the view that airline fundamentals are mixed but still resilient. Southwest Airlines Q2 Earnings Beat Estimates on Record Revenue Growth AAL Q2 Earnings Beat Estimates on Record Revenues, Premium Demand
• Negative Sentiment: Higher fuel costs remain the main stock pressure point, with American Airlines lowering its annual profit outlook after warning that swelling jet fuel costs could add $6 billion in 2026; that same sector-wide concern is weighing on DAL. Swelling jet fuel costs hit American Airlines outlook Delta Air Lines Slides as Fuel-Cost Concerns Pressure Airline Shares

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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