NewEdge Advisors LLC trimmed its stake in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 12.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,018 shares of the transportation company’s stock after selling 6,367 shares during the period. NewEdge Advisors LLC’s holdings in Delta Air Lines were worth $3,059,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Delta Air Lines by 22.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,173 shares of the transportation company’s stock worth $7,438,000 after purchasing an additional 19,829 shares during the period. iA Global Asset Management Inc. raised its position in shares of Delta Air Lines by 53.2% during the 4th quarter. iA Global Asset Management Inc. now owns 92,142 shares of the transportation company’s stock valued at $6,395,000 after purchasing an additional 32,014 shares during the period. Tredje AP fonden raised its position in shares of Delta Air Lines by 1,563.4% during the 4th quarter. Tredje AP fonden now owns 466,797 shares of the transportation company’s stock valued at $32,396,000 after purchasing an additional 438,735 shares during the period. Teacher Retirement System of Texas boosted its holdings in Delta Air Lines by 154.8% in the 4th quarter. Teacher Retirement System of Texas now owns 192,384 shares of the transportation company’s stock worth $13,351,000 after buying an additional 116,891 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Delta Air Lines by 2.5% in the 4th quarter. Principal Financial Group Inc. now owns 720,421 shares of the transportation company’s stock worth $49,997,000 after buying an additional 17,316 shares during the period. 69.93% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, EVP Alain Bellemare sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the completion of the transaction, the executive vice president directly owned 95,025 shares in the company, valued at approximately $7,738,836. This represents a 20.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Allison C. Ausband sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $79.00, for a total transaction of $395,000.00. Following the completion of the transaction, the executive vice president directly owned 133,854 shares of the company’s stock, valued at approximately $10,574,466. This trade represents a 3.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 65,331 shares of company stock worth $5,036,638. Corporate insiders own 0.80% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Report on Delta Air Lines
Key Headlines 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
Delta Air Lines Stock Performance
Shares of NYSE DAL opened at $87.53 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.35 and a current ratio of 0.42. The company has a market cap of $57.56 billion, a P/E ratio of 14.52, a P/E/G ratio of 1.11 and a beta of 1.29. The firm’s fifty day moving average is $85.29 and its two-hundred day moving average is $74.12. 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 – Get Free Report) last issued its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 earnings per share 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 analyst estimates of $17.43 billion. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.10 earnings per share. As a group, analysts anticipate that Delta Air Lines, Inc. will post 6.54 EPS for the current fiscal year.
Delta Air Lines Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a 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 presently 14.26%.
Delta Air Lines Company 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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