Nykredit A S Invests $6.04 Million in Delta Air Lines, Inc. $DAL

Key Points

• Nykredit A/S bought a new $6.04 million stake in Delta Air Lines during the second quarter, acquiring 64,494 shares. Institutional investors collectively own 69.93% of Delta’s stock.
• Delta reported quarterly earnings of $1.56 per share and revenue of $17.67 billion, exceeding analyst expectations, while revenue increased 18.7% year over year. The company also raised its quarterly dividend to $0.215 per share.
• Analysts remain broadly positive, with 23 Buy ratings and two Hold ratings and a consensus price target of $99.84 versus the reported share price of $80.13. However, insiders sold more than 356,000 shares worth approximately $33.1 million over the past 90 days.

Nykredit A S bought a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 64,494 shares of the transportation company's stock, valued at approximately $6,041,000.

Several other large investors have also modified their holdings of the stock. Elevation Wealth Partners LLC increased its holdings in Delta Air Lines by 195.9% in the second quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company's stock valued at $34,000 after buying an additional 237 shares during the last quarter. Lloyd Advisory Services LLC. bought a new position in Delta Air Lines during the 4th quarter worth approximately $31,000. Atlas Wealth LLC acquired a new position in shares of Delta Air Lines in the 1st quarter worth approximately $35,000. Main Street Group LTD acquired a new position in shares of Delta Air Lines in the 1st quarter worth approximately $36,000. Finally, Signature Equity Partners LLC increased its holdings in shares of Delta Air Lines by 831.0% in the 1st quarter. Signature Equity Partners LLC now owns 540 shares of the transportation company's stock valued at $36,000 after acquiring an additional 482 shares during the last quarter. Institutional investors own 69.93% of the company's stock.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Alain Bellemare sold 35,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $92.72, for a total value of $3,245,200.00. Following the sale, the executive vice president owned 95,025 shares in the company, valued at approximately $8,810,718. This trade represents a 26.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael P. Huerta sold 3,100 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $94.11, for a total value of $291,741.00. Following the sale, the director directly owned 32,525 shares in the company, valued at approximately $3,060,927.75. This trade represents a 8.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 356,726 shares of company stock worth $33,081,037. 0.80% of the stock is owned by company insiders.

Delta Air Lines Trading Down 0.0%

Shares of NYSE DAL opened at $80.13 on Monday. Delta Air Lines, Inc. has a 12-month low of $55.03 and a 12-month high of $95.68. The company has a market cap of $52.70 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.11 and a beta of 1.29. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.48. The stock's 50 day simple moving average is $86.59 and its 200 day simple moving average is $76.92.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data 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 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 prior year, the business earned $2.10 EPS. The firm's revenue was up 18.7% on a year-over-year basis. Equities research analysts expect that Delta Air Lines, Inc. will post 6.23 EPS for the current year.

Delta Air Lines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th were given a dividend of $0.215 per share. This is an increase from Delta Air Lines's previous quarterly dividend of $0.19. This represents a $0.86 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Thursday, July 9th. Delta Air Lines's payout ratio is currently 14.26%.

Analysts Set New Price Targets

DAL has been the topic of several research reports. Susquehanna upped their price target on Delta Air Lines from $78.00 to $108.00 and gave the company a "positive" rating in a research report on Tuesday, July 7th. Raymond James Financial lowered their target price on shares of Delta Air Lines from $104.00 to $98.00 and set an "outperform" rating for the company in a research note on Monday, August 24th. Citigroup increased their target price on shares of Delta Air Lines from $106.00 to $110.00 and gave the stock a "buy" rating in a report on Sunday, July 12th. UBS Group raised their price target on shares of Delta Air Lines from $107.00 to $112.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. Finally, Wells Fargo & Company lifted their price target on shares of Delta Air Lines from $75.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, June 30th. Twenty-three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Delta Air Lines currently has an average rating of "Moderate Buy" and a consensus target price of $99.84.

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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