Quadrant Private Wealth Management LLC grew its position in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 15.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,082 shares of the transportation company’s stock after purchasing an additional 8,439 shares during the period. Quadrant Private Wealth Management LLC’s holdings in Delta Air Lines were worth $4,127,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in DAL. Brighton Jones LLC raised its stake in Delta Air Lines by 33.5% during the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock valued at $555,000 after acquiring an additional 2,302 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Delta Air Lines in the first quarter worth $178,000. Sivia Capital Partners LLC bought a new position in shares of Delta Air Lines in the second quarter worth $555,000. Marshall Wace LLP increased its holdings in shares of Delta Air Lines by 102.2% during the second quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company’s stock valued at $385,000 after purchasing an additional 357,825 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Delta Air Lines by 10.6% during the second quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company’s stock valued at $2,859,000 after purchasing an additional 5,564 shares during the period. Institutional investors own 69.93% of the company’s stock.
Insider Activity
In other news, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction that occurred on 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 transaction, the executive vice president owned 95,025 shares of the company’s stock, valued at $7,738,836. The trade was a 20.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Allison C. Ausband sold 9,710 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total transaction of $737,960.00. Following the completion of the sale, the executive vice president owned 138,854 shares in the company, valued at $10,552,904. The trade was a 6.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 65,331 shares of company stock valued at $5,036,638. Insiders own 0.80% of the company’s stock.
Key Stories Impacting Delta Air Lines
- Positive Sentiment: Delta and United both posted better-than-expected Q2 results, reinforcing that travel demand remains resilient and helping improve sentiment toward airline shares. Delta vs. United Airlines Stock: Which Is the Better Buy After Q2 Earnings?
- Positive Sentiment: Delta is being viewed as a beneficiary of strong fare pricing, especially in premium travel, which could support revenue and earnings even if overall demand normalizes. Delta’s Higher Fares And Shelf Offering Could Be A Game Changer For Delta Air Lines (DAL)
- Positive Sentiment: Another article highlighted that Delta is resetting fares higher as premium and corporate travel holds up, suggesting pricing power remains intact despite higher fuel costs. Delta (DAL) Is Resetting Fares Higher As Premium Travel Demand Holds Up
- Positive Sentiment: Industry commentary also pointed to Delta as a long-term momentum name, which can add to bullish investor interest after recent earnings strength. Why Delta Air Lines (DAL) is a top momentum stock for the long term
- Neutral Sentiment: Peers are still warning that higher jet fuel costs could pressure margins, so investors are balancing stronger demand against a potentially tougher cost backdrop. UAL Q2 Earnings Beat as Strong Yields Offset Fuel Pressure
- Neutral Sentiment: San Antonio’s airport expansion plan is a broader infrastructure development story and is not a direct catalyst for Delta, though it reflects continued airport investment in the travel market. San Antonio to Borrow $944 Million for Major Airport Expansion
- Negative Sentiment: News about Delta extending refund-policy flexibility on some international routes underscores ongoing geopolitical disruption that could weigh on operations and booking trends. Major airline extends refund policy for Dubai flights
Wall Street Analyst Weigh In
Several research firms recently weighed in on DAL. Susquehanna upped their price objective on shares of Delta Air Lines from $78.00 to $108.00 and gave the stock a “positive” rating in a report on Tuesday, July 7th. Wolfe Research lowered their target price on shares of Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Seaport Research Partners raised their target price on shares of Delta Air Lines from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. BNP Paribas Exane dropped their price target on shares of Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. Finally, Cantor Fitzgerald set a $112.00 price target on shares of Delta Air Lines in a research note on Tuesday. Twenty-three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $100.40.
Read Our Latest Stock Report on DAL
Delta Air Lines Trading Down 2.9%
Shares of Delta Air Lines stock opened at $84.15 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48. The firm has a market cap of $55.34 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 1.07 and a beta of 1.29. The business has a fifty day simple moving average of $82.50 and a 200-day simple moving average of $73.05. Delta Air Lines, Inc. has a fifty-two week low of $50.44 and a fifty-two week high of $95.68.
Delta Air Lines (NYSE:DAL – Get Free Report) last announced its earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.07. The business had revenue of $17.67 billion during the quarter, compared to analysts’ expectations of $17.43 billion. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the business posted $2.10 earnings per share. On average, equities analysts forecast that Delta Air Lines, Inc. will post 6.66 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 given a dividend of $0.215 per share. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, July 9th. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. Delta Air Lines’s payout ratio is 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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