Wellington Management Group LLP decreased its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 16.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,490,402 shares of the transportation company's stock after selling 698,321 shares during the quarter. Wellington Management Group LLP owned approximately 0.53% of Delta Air Lines worth $326,911,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of DAL. Lloyd Advisory Services LLC. acquired a new position in Delta Air Lines in the fourth quarter valued at approximately $31,000. SWAN Capital LLC grew its stake in shares of Delta Air Lines by 1,016.0% during the 3rd 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 period. Cornerstone Planning Group LLC grew its stake in shares of Delta Air Lines by 451.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company's stock worth $34,000 after purchasing an additional 429 shares during the period. Elevation Wealth Partners LLC increased its holdings in shares of Delta Air Lines by 195.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company's stock valued at $34,000 after purchasing an additional 237 shares in the last quarter. Finally, Atlas Wealth LLC purchased a new position in shares of Delta Air Lines during the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 69.93% of the company's stock.
More Delta Air Lines News
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.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. Cantor Fitzgerald set a $112.00 price target on shares of Delta Air Lines in a report on Tuesday, July 14th. Raymond James Financial cut their price objective on shares of Delta Air Lines from $104.00 to $98.00 and set an "outperform" rating for the company in a report on Monday, August 24th. Benchmark restated a "buy" rating on shares of Delta Air Lines in a research note on Wednesday, July 8th. UBS Group upped their price target on Delta Air Lines from $107.00 to $112.00 and gave the stock a "buy" rating in a report on Monday, July 13th. Finally, Evercore increased their price target on Delta Air Lines from $85.00 to $105.00 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. Twenty-three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $99.84.
Check Out Our Latest Research Report on Delta Air Lines
Delta Air Lines Stock Performance
DAL opened at $80.09 on Monday. The firm's fifty day simple moving average is $87.73 and its two-hundred day simple moving average is $76.65. Delta Air Lines, Inc. has a 52-week low of $55.03 and a 52-week high of $95.68. The company has a market cap of $52.67 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 1.10 and a beta of 1.31. 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 released its earnings results on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $17.67 billion during the quarter, compared to analysts' expectations of $17.43 billion. During the same quarter in the previous year, the company earned $2.10 earnings per share. The company's quarterly revenue was up 18.7% on a year-over-year basis. Equities analysts anticipate that Delta Air Lines, Inc. will post 6.23 earnings per share for the current fiscal year.
Delta Air Lines Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th were given a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.1%. 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 (DPR) is 14.26%.
Insiders Place Their Bets
In other news, EVP Alain Bellemare sold 35,000 shares of Delta Air Lines stock in a transaction that occurred on 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 sale, the executive vice president directly owned 95,025 shares of the company's stock, valued at $8,810,718. The trade was a 26.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David G. Dewalt sold 31,756 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $90.85, for a total value of $2,885,032.60. Following the sale, the director owned 22,358 shares of the company's stock, valued at $2,031,224.30. The trade was a 58.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 356,726 shares of company stock valued at $33,081,037. 0.80% of the stock is owned by corporate insiders.
Delta Air Lines Company Profile
(
Free Report)
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.
Further Reading
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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