Glenmede Trust Co. NA Sells 50,411 Shares of Delta Air Lines, Inc. $DAL

Glenmede Trust Co. NA cut its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 16.9% in the 1st quarter, HoldingsChannel reports. The fund owned 248,106 shares of the transportation company’s stock after selling 50,411 shares during the quarter. Glenmede Trust Co. NA’s holdings in Delta Air Lines were worth $16,494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. IFM Investors Pty Ltd increased its stake in Delta Air Lines by 0.5% in the 4th quarter. IFM Investors Pty Ltd now owns 28,167 shares of the transportation company’s stock worth $1,955,000 after purchasing an additional 144 shares during the period. Utah Retirement Systems lifted its position in shares of Delta Air Lines by 0.3% in the 4th quarter. Utah Retirement Systems now owns 52,620 shares of the transportation company’s stock worth $3,652,000 after purchasing an additional 144 shares during the period. HBK Sorce Advisory LLC lifted its holdings in Delta Air Lines by 2.6% in the fourth quarter. HBK Sorce Advisory LLC now owns 6,022 shares of the transportation company’s stock worth $454,000 after buying an additional 151 shares during the period. Larson Financial Group LLC boosted its position in shares of Delta Air Lines by 2.4% during the fourth quarter. Larson Financial Group LLC now owns 6,472 shares of the transportation company’s stock valued at $449,000 after purchasing an additional 152 shares in the last quarter. Finally, LRI Investments LLC boosted its holdings in shares of Delta Air Lines by 3.4% during the 4th quarter. LRI Investments LLC now owns 4,644 shares of the transportation company’s stock valued at $322,000 after buying an additional 154 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DAL shares. Citigroup raised their target price on shares of Delta Air Lines from $106.00 to $110.00 and gave the company a “buy” rating in a research note on Sunday, July 12th. Benchmark reiterated a “buy” rating on shares of Delta Air Lines in a research note on Wednesday, July 8th. Susquehanna upped their price target on Delta Air Lines from $78.00 to $108.00 and gave the company a “positive” rating in a report on Tuesday, July 7th. Wolfe Research dropped 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 report on Tuesday, April 7th. Finally, Bank of America boosted their price target on Delta Air Lines from $93.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Twenty-three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $100.40.

Trending Headlines about 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 Price Performance

DAL stock 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 capitalization of $57.56 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 1.10 and a beta of 1.29. The company’s fifty day moving average price is $85.29 and its 200-day moving average price is $74.12. Delta Air Lines, Inc. has a one year low of $50.44 and a one year high of $95.68.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.49 by $0.07. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The business had revenue of $17.67 billion for the quarter, compared to analysts’ expectations of $17.43 billion. During the same quarter in the previous year, the company earned $2.10 EPS. The business’s quarterly revenue was up 18.7% compared to the same quarter last year. On average, equities 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 announced a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 9th were given a $0.215 dividend. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, July 9th. Delta Air Lines’s dividend payout ratio (DPR) is presently 14.26%.

Insider Buying and Selling

In related 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 of the company’s stock, valued at approximately $7,738,836. This represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Allison C. Ausband sold 9,710 shares of Delta Air Lines stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total value of $737,960.00. Following the completion of the sale, the executive vice president directly owned 138,854 shares in the company, valued at approximately $10,552,904. The trade was a 6.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 65,331 shares of company stock valued at $5,036,638. 0.80% of the stock is owned by corporate insiders.

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.