Pacer Advisors Inc. Acquires 2,514,193 Shares of Delta Air Lines, Inc. $DAL

Pacer Advisors Inc. lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 1,579.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,673,400 shares of the transportation company’s stock after buying an additional 2,514,193 shares during the quarter. Pacer Advisors Inc. owned about 0.41% of Delta Air Lines worth $185,534,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Accredited Wealth Management LLC grew its holdings 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 worth $28,000 after purchasing an additional 476 shares during the period. Lloyd Advisory Services LLC. purchased a new stake in shares of Delta Air Lines during the 4th quarter valued at $31,000. SWAN Capital LLC raised its stake in shares of Delta Air Lines by 1,016.0% during the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after purchasing an additional 508 shares during the period. Camelot Portfolios LLC purchased a new position in shares of Delta Air Lines in the 4th quarter worth about $34,000. Finally, Cornerstone Planning Group LLC boosted its stake in Delta Air Lines by 451.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock valued at $34,000 after buying an additional 429 shares during the period. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Up 2.3%

Shares of DAL stock opened at $84.16 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $74.37 and a two-hundred day moving average price of $70.15. Delta Air Lines, Inc. has a 12-month low of $45.28 and a 12-month high of $87.39. The firm has a market cap of $55.29 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 1.16 and a beta of 1.30.

Delta Air Lines (NYSE:DAL) last announced 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 firm had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 EPS. Equities analysts anticipate that Delta Air Lines, Inc. will post 5.37 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th will be issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is 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 (DPR) is presently 10.93%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Bank of America decreased their target price on Delta Air Lines from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Argus boosted their price objective on Delta Air Lines from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Zacks Research upgraded shares of Delta Air Lines from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. Raymond James Financial raised their target price on shares of Delta Air Lines from $76.00 to $80.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 9th. Finally, Rothschild & Co Redburn dropped their target price on shares of Delta Air Lines from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.05.

Insider Activity

In other Delta Air Lines news, EVP John E. Laughter sold 15,000 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $71.61, for a total transaction of $1,074,150.00. Following the completion of the sale, the executive vice president owned 54,369 shares of the company’s stock, valued at $3,893,364.09. This represents a 21.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president directly owned 95,025 shares in the company, valued at approximately $7,738,836. This trade represents a 20.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 149,635 shares of company stock valued at $10,833,855. Corporate insiders own 0.80% of the company’s stock.

Delta Air Lines News Summary

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

• Positive Sentiment: Delta’s board declared a quarterly dividend of $0.2150 per share, about 15% above prior levels, signaling confidence in cash flow and rewarding investors. Delta Air Lines Declares Quarterly Dividend
• Positive Sentiment: Lower crude prices are helping airline stocks, including Delta, by easing fuel-cost pressure and improving near-term margins. Popular Airline Stock Continues Higher on Lower Crude Costs
• Positive Sentiment: The U.S. government closed its investigation into Delta’s handling of the CrowdStrike outage, removing a legal and reputational overhang that had affected investor sentiment. Trump Administration Clears Delta in CrowdStrike Outage Probe, Ends Investigation Into Travel Meltdown That Impacted 1.3 Million Passengers
• Positive Sentiment: Delta also announced a fleet-efficiency upgrade, planning to install VCT finlets across 240 Boeing 737NG aircraft, which could help reduce fuel burn and operating costs over time. Delta Advances Fleet Efficiency with VCT Finlets Across 737NG Fleet

About Delta Air Lines

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.