Harvest Portfolios Group Inc. Lowers Position in Delta Air Lines, Inc. $DAL

Harvest Portfolios Group Inc. lowered its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 8.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 104,937 shares of the transportation company’s stock after selling 10,118 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Delta Air Lines were worth $7,283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DAL. AlphaQuest LLC raised its holdings in shares of Delta Air Lines by 90.6% in the 3rd quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 211 shares in the last quarter. Accredited Wealth Management LLC raised its holdings in shares of Delta Air Lines by 1,983.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 476 shares in the last quarter. SWAN Capital LLC raised its holdings in shares of Delta Air Lines by 1,016.0% in the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 508 shares in the last quarter. Camelot Portfolios LLC purchased a new stake in shares of Delta Air Lines in the 4th quarter valued at about $34,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Delta Air Lines by 451.6% in the 4th quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 429 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines News Summary

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

• Positive Sentiment: Berkshire Hathaway disclosed a new 39.8 million-share Delta stake, a major endorsement that has boosted sentiment around DAL’s premium revenue and loyalty-driven business model.
• Positive Sentiment: Bernstein raised its price target on Delta Air Lines, signaling improved analyst confidence in the carrier’s earnings and strategic positioning. Bernstein Raised PT on Delta Air Lines (DAL), Here’s Why
• Positive Sentiment: Delta is expanding Europe flights, including added service to Madrid and Munich, to capture event-driven travel demand and support higher-yield premium bookings. Delta Expands Europe Flights to Capture Event-Driven Travel Demand
• Positive Sentiment: CEO Ed Bastian defended Delta’s choice of Amazon Leo over Starlink, citing a much lower price point and other benefits, which may help keep technology costs in check. Delta CEO stands by his decision to choose Amazon over Elon Musk’s Starlink for one main reason
• Neutral Sentiment: Delta’s CEO said the airline will prioritize global expansion over domestic tie-ups, indicating a focus on organic growth rather than near-term merger activity. Delta CEO Ed Bastian Says Airline Will Prioritize Global Expansion Over Domestic Tie-Ups Despite Trump’s Merger-Friendly Policies
• Neutral Sentiment: Several commentary pieces noted Delta as a stock to watch following Berkshire’s investment, but these were largely reiterations of the same ownership news rather than new operational developments. Berkshire’s New Delta Stake Highlights Premium And Loyalty Focus Risks
• Negative Sentiment: Short-term profit-taking has also appeared after the Berkshire-related rally, suggesting some traders are fading the move despite the improved longer-term story.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $67.77 on Wednesday. The stock has a market cap of $44.52 billion, a price-to-earnings ratio of 9.88, a P/E/G ratio of 1.01 and a beta of 1.25. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. Delta Air Lines, Inc. has a 1-year low of $45.28 and a 1-year high of $76.39. The stock’s 50-day moving average is $67.29 and its 200 day moving average is $66.89.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.Delta Air Lines’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $0.46 EPS. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 5.26 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, May 14th. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.93%.

Insider Activity at Delta Air Lines

In related news, EVP John E. Laughter sold 69,304 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $68.15, for a total transaction of $4,723,067.60. Following the transaction, the executive vice president directly owned 69,369 shares in the company, valued at $4,727,497.35. This trade represents a 49.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward H. Bastian sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $70.26, for a total value of $7,026,000.00. Following the transaction, the chief executive officer owned 1,363,448 shares in the company, valued at approximately $95,795,856.48. The trade was a 6.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 204,925 shares of company stock valued at $14,323,395. Corporate insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

DAL has been the topic of several recent analyst reports. Seaport Research Partners raised their price target on Delta Air Lines from $81.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, April 9th. HSBC lowered their price target on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating on the stock in a report on Thursday, April 9th. Citigroup raised their price target on Delta Air Lines from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Susquehanna decreased their price objective on Delta Air Lines from $81.00 to $78.00 and set a “positive” rating on the stock in a report on Thursday, April 9th. Finally, Rothschild & Co Redburn decreased their price objective on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned 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 a consensus rating of “Moderate Buy” and an average target price of $79.76.

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.