Delta Air Lines (NYSE:DAL) Stock Acquired Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Delta Air Lines, Inc. NYSE: DAL. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Delta Air Lines stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.

Delta Air Lines Stock Performance

Delta Air Lines stock traded up $1.36 during midday trading on Tuesday, reaching $52.35. 4,276,942 shares of the company traded hands, compared to its average volume of 11,463,846. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The firm has a market capitalization of $34.18 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. The business has a 50 day moving average of $43.95 and a two-hundred day moving average of $56.38.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). The firm had revenue of $12.98 billion during the quarter, compared to analysts' expectations of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share. As a group, research analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.15%. Delta Air Lines's dividend payout ratio is presently 10.64%.

Institutional Trading of Delta Air Lines

Large investors have recently bought and sold shares of the stock. World Investment Advisors LLC acquired a new stake in Delta Air Lines during the 3rd quarter worth about $301,000. Principal Financial Group Inc. boosted its position in Delta Air Lines by 2.6% in the third quarter. Principal Financial Group Inc. now owns 742,773 shares of the transportation company's stock valued at $37,725,000 after buying an additional 19,124 shares during the last quarter. Range Financial Group LLC acquired a new position in Delta Air Lines in the 4th quarter worth approximately $363,000. International Assets Investment Management LLC purchased a new position in Delta Air Lines during the 4th quarter worth approximately $571,000. Finally, Fulton Bank N.A. purchased a new position in Delta Air Lines during the 4th quarter worth approximately $382,000. Hedge funds and other institutional investors own 69.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. StockNews.com downgraded Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Bank of America cut their price target on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Jefferies Financial Group reaffirmed a "hold" rating and set a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Barclays decreased their price objective on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group cut their price objective on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Delta Air Lines currently has a consensus rating of "Moderate Buy" and an average target price of $61.37.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.