J.Safra Asset Management Corp Makes New Investment in Delta Air Lines, Inc. $DAL

Key Points

• J.Safra Asset Management initiated a $1.31 million position in Delta Air Lines during the second quarter by purchasing 13,973 shares. Institutional investors collectively own approximately 69.93% of DAL.
• Delta reported quarterly EPS of $1.56, above the $1.49 analyst estimate, while revenue rose 18.7% year over year to $17.67 billion. The airline also increased its quarterly dividend to $0.215 per share, or $0.86 annualized.
• Analysts remain broadly bullish, with 23 Buy ratings and two Holds and an average price target of $100.40. However, insiders sold roughly 401,436 shares worth $36.6 million over the past three months.

J.Safra Asset Management Corp purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 13,973 shares of the transportation company's stock, valued at approximately $1,309,000.

A number of other hedge funds have also recently modified their holdings of DAL. Lloyd Advisory Services LLC. purchased a new position in Delta Air Lines during the fourth quarter valued at $31,000. SWAN Capital LLC grew its holdings in Delta Air Lines by 1,016.0% during the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company's stock valued at $32,000 after purchasing an additional 508 shares during the period. Camelot Portfolios LLC purchased a new stake in Delta Air Lines in the fourth quarter worth about $34,000. Cornerstone Planning Group LLC increased its position in Delta Air Lines by 451.6% in the fourth quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company's stock worth $34,000 after buying an additional 429 shares in the last quarter. Finally, Elevation Wealth Partners LLC raised its stake in shares of Delta Air Lines by 195.9% in the second quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company's stock worth $34,000 after buying an additional 237 shares during the period. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Stock Performance

Delta Air Lines stock opened at $89.27 on Monday. The company's 50-day moving average price is $87.48 and its 200-day moving average price is $75.69. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48. The company has a market cap of $58.71 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 1.12 and a beta of 1.31. Delta Air Lines, Inc. has a twelve month low of $55.03 and a twelve month high of $95.68.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $17.43 billion. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The firm's revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.10 EPS. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 6.54 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, July 9th. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.19. Delta Air Lines's dividend payout ratio 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 completion of the transaction, the executive vice president owned 95,025 shares in the company, valued at approximately $8,810,718. The trade was a 26.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven M. Sear sold 40,460 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $93.55, for a total value of $3,785,033.00. Following the transaction, the executive vice president directly owned 104,404 shares in the company, valued at approximately $9,766,994.20. This represents a 27.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 401,436 shares of company stock worth $36,617,497. 0.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on DAL. Citigroup increased their price objective on shares of Delta Air Lines from $106.00 to $110.00 and gave the company a "buy" rating in a report on Sunday, July 12th. Morgan Stanley lifted their target price on Delta Air Lines from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Friday, July 10th. TD Cowen boosted their target price on Delta Air Lines from $106.00 to $112.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Evercore increased their price target on Delta Air Lines from $85.00 to $105.00 and gave the company an "outperform" rating in a research note on Thursday, June 25th. Finally, Barclays raised their price target on Delta Air Lines from $85.00 to $105.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. Twenty-three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $100.40.

Delta Air Lines News Summary

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

• Positive Sentiment: Berkshire Hathaway increased its Delta stake. Warren Buffett’s company boosted its investment in Delta Air Lines during the second quarter, a move that may reinforce investor confidence in the carrier’s valuation and long-term prospects. Berkshire Boosted Alphabet, Delta Stakes in 2nd Quarter, Sold Bank of America
• Positive Sentiment: Delta is expanding its Seattle-Tokyo network. New service to Tokyo Narita will increase U.S.-Japan connectivity and add capacity for passenger and cargo demand, supporting international growth. Delta Expands Seattle-Tokyo Network With New Narita Service
• Neutral Sentiment: Travel stocks remain supported by technology and AI themes. Broader coverage highlights growing AI adoption in travel booking and related companies, though the benefits to Delta’s airline operations and earnings are less direct. AI demand fuels a travel booking stock boom
• Negative Sentiment: Reliability concerns could weigh on Delta’s reputation and costs. A report warns that flight cancellations and delays may worsen, potentially affecting customer satisfaction, operating expenses and future bookings if service performance deteriorates. Delta Air Lines has a reliability problem that may get worse

Delta Air Lines 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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