Delta Air Lines, Inc. $DAL is Aristides Capital LLC's 8th Largest Position

Key Points

• Aristides Capital LLC increased its Delta Air Lines stake by 14.4% in the first quarter, making DAL its 8th-largest position at about 1.6% of the portfolio.
• Delta reported strong quarterly results, with EPS of $1.56 beating estimates and revenue of $17.67 billion topping expectations; revenue rose 18.7% year over year.
• Analysts remain bullish on the stock, with 23 Buy ratings, only two Holds, and an average price target of $100.40. Delta also raised its quarterly dividend to $0.215 per share, implying a 1.0% annualized yield.

Aristides Capital LLC lifted its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 14.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 143,418 shares of the transportation company's stock after buying an additional 18,086 shares during the period. Delta Air Lines makes up approximately 1.6% of Aristides Capital LLC's portfolio, making the stock its 8th biggest holding. Aristides Capital LLC's holdings in Delta Air Lines were worth $9,534,000 at the end of the most recent quarter.

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

Insider Activity

In other news, EVP Allison C. Ausband sold 5,000 shares of Delta Air Lines stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $79.00, for a total value of $395,000.00. Following the completion of the transaction, the executive vice president owned 133,854 shares in the company, valued at $10,574,466. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction dated 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 owned 95,025 shares of the company's stock, valued at $7,738,836. The trade was a 20.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 65,331 shares of company stock worth $5,036,638. Insiders own 0.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DAL shares. Bank of America lifted their target price on Delta Air Lines from $93.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. Jefferies Financial Group increased their price target on shares of Delta Air Lines from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, July 10th. The Goldman Sachs Group raised their price objective on shares of Delta Air Lines from $80.00 to $116.00 and gave the stock a "buy" rating in a report on Thursday, July 2nd. Morgan Stanley lifted their price objective on shares of Delta Air Lines from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, July 10th. Finally, Susquehanna boosted their target price on shares of Delta Air Lines from $78.00 to $108.00 and gave the company a "positive" rating in a research note on Tuesday, July 7th. Twenty-three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $100.40.

Delta Air Lines Stock Performance

NYSE:DAL opened at $81.92 on Friday. The company has a market capitalization of $53.87 billion, a P/E ratio of 13.59, a P/E/G ratio of 1.05 and a beta of 1.29. The business has a fifty day simple moving average of $83.50 and a two-hundred day simple moving average of $73.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.42 and a quick ratio of 0.35. Delta Air Lines, Inc. has a 1 year low of $50.44 and a 1 year high of $95.68.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.07. The firm had revenue of $17.67 billion for the quarter, compared to analysts' expectations of $17.43 billion. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The business's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.10 EPS. On average, analysts expect that Delta Air Lines, Inc. will post 6.54 earnings per share for the current year.

Delta Air Lines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be paid a $0.215 dividend. The ex-dividend date is Thursday, July 9th. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. This is an increase from Delta Air Lines's previous quarterly dividend of $0.19. Delta Air Lines's dividend payout ratio (DPR) is presently 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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