Pzena Investment Management LLC Sells 1,247,625 Shares of Delta Air Lines, Inc. $DAL

Pzena Investment Management LLC reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 29.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,982,793 shares of the transportation company’s stock after selling 1,247,625 shares during the quarter. Pzena Investment Management LLC’s holdings in Delta Air Lines were worth $207,006,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC boosted its stake in Delta Air Lines by 90.6% in the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 211 shares during the last quarter. Accredited Wealth Management LLC boosted its stake in Delta Air Lines by 1,983.3% in the third 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 during the last quarter. SWAN Capital LLC boosted its stake in Delta Air Lines by 1,016.0% in the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 508 shares during the last quarter. Camelot Portfolios LLC bought a new position in Delta Air Lines in the fourth quarter valued at approximately $34,000. Finally, Cornerstone Planning Group LLC boosted its stake in Delta Air Lines by 451.6% in the fourth 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 during the last quarter. 69.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DAL has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. HSBC reduced their price objective on shares of 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. Evercore reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of Delta Air Lines in a research note on Friday, April 17th. BNP Paribas Exane reduced their price objective on shares of Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Finally, Susquehanna reduced their price objective on shares of Delta Air Lines from $81.00 to $78.00 and set a “positive” rating on the stock in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Delta Air Lines has a consensus rating of “Moderate Buy” and an average target price of $79.76.

Insider Activity at Delta Air Lines

In related news, EVP Alain Bellemare sold 20,621 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $72.75, for a total value of $1,500,177.75. Following the sale, the executive vice president directly owned 120,025 shares of the company’s stock, valued at approximately $8,731,818.75. The trade was a 14.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 100,000 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $70.26, for a total transaction of $7,026,000.00. Following the completion of the sale, the chief executive officer directly owned 1,363,448 shares in the company, valued at $95,795,856.48. This represents a 6.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 204,925 shares of company stock valued at $14,323,395. 0.80% of the stock is owned by corporate insiders.

Key Stories Impacting Delta Air Lines

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

• Positive Sentiment: Recent coverage highlighted Delta as outperforming the broader market, with trading strength tied to continued investor optimism after Berkshire Hathaway disclosed a new multi-billion-dollar stake in the airline. Delta Air Lines shares jump after Berkshire Hathaway reveals a new multi-billion-dollar stake
• Positive Sentiment: Falling oil prices have also supported airline stocks, since lower jet fuel costs can improve margins for carriers like Delta Air Lines. Airline Stocks Rise As Oil Prices Drop: Here’s What You Should Know
• Positive Sentiment: Analyst commentary has remained constructive, with multiple firms maintaining buy or overweight ratings and several recent price targets above current levels, reinforcing the bullish view on DAL. Analysts Offer Insights on Industrial Goods Companies: RXO, Inc. (RXO) and Delta Air Lines (DAL)

Delta Air Lines Trading Up 2.1%

DAL opened at $75.67 on Friday. The stock has a market capitalization of $49.72 billion, a P/E ratio of 11.03, a P/E/G ratio of 1.07 and a beta of 1.25. Delta Air Lines, Inc. has a 12 month low of $45.28 and a 12 month high of $76.39. The firm’s fifty day simple moving average is $67.89 and its 200 day simple moving average is $67.14. 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 (NYSE:DAL) last posted its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.05 billion. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 EPS. As a group, research analysts anticipate that Delta Air Lines, Inc. will post 5.26 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, May 14th. Delta Air Lines’s payout ratio is currently 10.93%.

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.