Elevated Financial Group LLC purchased a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 17,548 shares of the transportation company's stock, valued at approximately $1,218,000.
Several other hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its position in Delta Air Lines by 7.7% during the 3rd quarter. Federated Hermes Inc. now owns 358,870 shares of the transportation company's stock worth $20,366,000 after purchasing an additional 25,507 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Delta Air Lines by 10.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,344 shares of the transportation company's stock worth $4,957,000 after purchasing an additional 8,309 shares during the period. Independent Advisor Alliance increased its position in Delta Air Lines by 41.3% during the 3rd quarter. Independent Advisor Alliance now owns 53,601 shares of the transportation company's stock worth $3,042,000 after purchasing an additional 15,661 shares during the period. TD Asset Management Inc increased its position in Delta Air Lines by 14.0% during the 3rd quarter. TD Asset Management Inc now owns 457,796 shares of the transportation company's stock worth $25,980,000 after purchasing an additional 56,365 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new position in Delta Air Lines during the 3rd quarter worth approximately $1,041,000. 69.93% of the stock is currently owned by institutional investors.
Insider Transactions at Delta Air Lines
In related news, CEO Edward H. Bastian sold 100,000 shares of the company's stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $70.26, for a total value of $7,026,000.00. Following the sale, the chief executive officer owned 1,363,448 shares of the company's stock, valued at approximately $95,795,856.48. This represents a 6.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John E. Laughter sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $71.61, for a total value of $1,074,150.00. Following the completion of the sale, the executive vice president directly owned 54,369 shares in the company, valued at approximately $3,893,364.09. The trade was a 21.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 353,611 shares of company stock worth $25,182,798 in the last quarter. Insiders own 0.88% of the company's stock.
Delta Air Lines Price Performance
DAL stock opened at $68.46 on Friday. Delta Air Lines, Inc. has a 1 year low of $39.94 and a 1 year high of $76.39. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.42. The stock's 50 day moving average price is $66.28 and its 200 day moving average price is $65.75. The firm has a market cap of $44.98 billion, a P/E ratio of 9.98, a PEG ratio of 1.00 and a beta of 1.31.
Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The firm had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.05 billion. During the same quarter in the prior year, the company earned $0.46 EPS. Delta Air Lines's revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts expect that Delta Air Lines, Inc. will post 5.3 earnings per share for the current fiscal year.
Delta Air Lines Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.75 dividend on an annualized basis and a yield of 1.1%. Delta Air Lines's dividend payout ratio is presently 10.93%.
More Delta Air Lines News
Here are the key news stories impacting Delta Air Lines this week:
- Positive Sentiment: Delta’s board declared a quarterly cash dividend of $0.1875/share, payable June 4 — a shareholder-friendly signal that management is confident in cash flow and capital allocation. Delta Air Lines Declares Quarterly Dividend
- Positive Sentiment: An analyst note and industry commentary say Delta and United may benefit from competitors cutting capacity in response to higher fuel costs, which can support yields and unit revenues for remaining carriers. Delta and United benefit from competitors cutting capacity amid higher fuel costs – analyst
- Positive Sentiment: Delta CFO Dan Snell was added to the board of Wheels Up, a move that reflects executive demand for Delta leadership and can be read as a credibility boost for Delta’s finance team. Wheels Up adds Delta CFO Snell to board
- Neutral Sentiment: Airline peers show mixed operational resilience — e.g., Southwest reported Q1 results roughly in line with estimates despite higher fuel, indicating the group can partly pass through costs but margins remain pressured. Southwest Airlines Q1 Earnings Meet Estimates, Revenue Beat
- Negative Sentiment: Supply disruption: closure of the Strait of Hormuz and a surge in oil to about $100/bbl have sparked a growing jet-fuel crisis, route cancellations and refunds — direct headwinds for margins and capacity planning. Low-cost airline CEO warns of looming airline bankruptcies
- Negative Sentiment: Multiple reports detail flight cancellations and summer schedule cuts as carriers respond to the oil shock, raising near-term revenue disruption and potential rebooking/refund costs for Delta. Another airline cancels summer flights, refunds available
- Negative Sentiment: Analyst caution: BNP Paribas Exane issued a pessimistic forecast for DAL, adding downside risk from sell-side revisions if fuel and network disruption persist. BNP Paribas Exane Issues Pessimistic Forecast for Delta Air Lines NYSE: DAL Stock Price
- Negative Sentiment: Insider activity: a reported significant insider stake reduction by a Delta insider may be interpreted negatively by some investors, though motives vary. This Delta insider just slashed his stake by more than one-fifth (21%)
Analyst Upgrades and Downgrades
DAL has been the topic of a number of research reports. BMO Capital Markets restated an "outperform" rating on shares of Delta Air Lines in a report on Wednesday, January 14th. TD Cowen upped their price target on Delta Air Lines from $76.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, April 9th. UBS Group upped their price target on Delta Air Lines from $84.00 to $86.00 and gave the stock a "buy" rating in a report on Thursday, April 9th. Seaport Research Partners upped their price target on Delta Air Lines from $81.00 to $83.00 and gave the stock a "buy" rating in a report on Thursday, April 9th. Finally, Rothschild & Co Redburn lowered their price target on Delta Air Lines from $72.00 to $70.00 and set a "buy" rating on the stock in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $79.10.
View Our Latest Report on Delta Air Lines
About Delta Air Lines
(
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.
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