Delta Air Lines, Inc. $DAL Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its stake in Delta Air Lines, Inc. (NYSE:DAL) by 17.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 903,471 shares of the transportation company’s stock after selling 185,935 shares during the period. Janus Henderson Group PLC’s holdings in Delta Air Lines were worth $60,064,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Capital International Investors grew its stake in Delta Air Lines by 4.4% in the fourth quarter. Capital International Investors now owns 24,211,101 shares of the transportation company’s stock worth $1,680,249,000 after purchasing an additional 1,012,265 shares in the last quarter. State Street Corp increased its holdings in Delta Air Lines by 0.7% in the fourth quarter. State Street Corp now owns 23,163,644 shares of the transportation company’s stock valued at $1,607,557,000 after buying an additional 165,729 shares during the last quarter. Geode Capital Management LLC raised its stake in Delta Air Lines by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 17,413,841 shares of the transportation company’s stock valued at $1,215,766,000 after buying an additional 202,865 shares in the last quarter. Wellington Management Group LLP raised its stake in Delta Air Lines by 137.4% during the fourth quarter. Wellington Management Group LLP now owns 13,811,787 shares of the transportation company’s stock valued at $958,538,000 after buying an additional 7,994,004 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in Delta Air Lines by 0.5% during the 4th quarter. Morgan Stanley now owns 12,310,804 shares of the transportation company’s stock worth $854,370,000 after buying an additional 56,455 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Key Stories Impacting Delta Air Lines

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

• Positive Sentiment: Wall Street analysts remain optimistic about Delta’s prospects, with coverage emphasizing the stock’s market outperformance and favorable recommendations. This supports investor confidence, although the reports provide limited new fundamental information. Do Wall Street Analysts Like Delta Air Lines Stock? Do Wall Street Analysts Like Delta Air Lines Stock?
• Positive Sentiment: A Delta partnership with DraftKings will offer customers a free-to-play sports knowledge contest. The initiative could modestly strengthen customer engagement and ancillary revenue opportunities, but its direct financial effect is likely limited. Delta, DraftKings partner on free-to-play sports knowledge contest
• Neutral Sentiment: Delta has attracted elevated attention from Zacks users, while broker commentary continues to favor the stock. The increased visibility may support trading interest, but it does not represent a new earnings or operating catalyst. Delta Air Lines Is a Trending Stock Brokers Suggest Investing in Delta
• Neutral Sentiment: Boeing narrowly led Airbus in orders at the Farnborough Airshow. A healthier Boeing could eventually improve aircraft supply and fleet-planning flexibility for airlines such as Delta, but the development has no immediate, material impact on DAL. Airlines Are Still Willing to Bet on Boeing

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DAL shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $106.00 target price on shares of Delta Air Lines in a research report on Monday, July 13th. Weiss Ratings raised Delta Air Lines from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. HSBC reduced their price objective on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Susquehanna boosted their target price on shares of Delta Air Lines from $78.00 to $108.00 and gave the company a “positive” rating in a research note on Tuesday, July 7th. Finally, Benchmark reissued a “buy” rating on shares of Delta Air Lines in a report on Wednesday, July 8th. Twenty-three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $100.40.

Delta Air Lines Stock Down 1.2%

NYSE:DAL opened at $87.53 on Friday. 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 has a 50 day moving average of $85.29 and a 200-day moving average of $74.12. The firm has a market capitalization of $57.56 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 1.10 and a beta of 1.29. Delta Air Lines, Inc. has a 52 week low of $50.44 and a 52 week high of $95.68.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $17.67 billion for the quarter, compared to the consensus estimate of $17.43 billion. During the same quarter last year, the business posted $2.10 EPS. The business’s revenue was up 18.7% on a year-over-year basis. Analysts predict that Delta Air Lines, Inc. will post 6.54 EPS for the current year.

Delta Air Lines Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were paid a $0.215 dividend. The ex-dividend date was Thursday, July 9th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. Delta Air Lines’s dividend payout ratio (DPR) is 14.26%.

Insiders Place Their Bets

In related news, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total value of $2,036,000.00. Following the sale, the executive vice president directly owned 95,025 shares in the company, valued at $7,738,836. This trade represents a 20.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Allison C. Ausband sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $79.00, for a total transaction of $395,000.00. Following the transaction, the executive vice president directly owned 133,854 shares of the company’s stock, valued at $10,574,466. The trade was a 3.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 65,331 shares of company stock worth $5,036,638 over the last quarter. 0.80% of the stock is currently owned by company insiders.

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.