J.Safra Asset Management Corp Purchases New Holdings in Delta Air Lines, Inc. $DAL

J.Safra Asset Management Corp acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,973 shares of the transportation company’s stock, valued at approximately $1,309,000.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of Delta Air Lines during the second quarter valued at approximately $1,182,646,000. Accel Wealth Management bought a new stake in shares of Delta Air Lines during the 2nd quarter worth approximately $204,000. Tema ETFs LLC boosted its holdings in Delta Air Lines by 10.2% during the 2nd quarter. Tema ETFs LLC now owns 12,545 shares of the transportation company’s stock valued at $1,175,000 after acquiring an additional 1,160 shares during the period. Revolve Wealth Partners LLC purchased a new position in Delta Air Lines during the 2nd quarter valued at $1,379,000. Finally, Arbor Wealth Advisors LLC purchased a new position in Delta Air Lines during the 2nd quarter valued at $234,000. Institutional investors own 69.93% of the company’s stock.

Trending Headlines about Delta Air Lines

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

• Positive Sentiment: Berkshire Hathaway increased its Delta stake. Warren Buffett’s company boosted its investment in Delta Air Lines during the second quarter, a move that may reinforce investor confidence in the carrier’s valuation and long-term prospects. Berkshire Boosted Alphabet, Delta Stakes in 2nd Quarter, Sold Bank of America
• Positive Sentiment: Delta is expanding its Seattle-Tokyo network. New service to Tokyo Narita will increase U.S.-Japan connectivity and add capacity for passenger and cargo demand, supporting international growth. Delta Expands Seattle-Tokyo Network With New Narita Service
• Neutral Sentiment: Travel stocks remain supported by technology and AI themes. Broader coverage highlights growing AI adoption in travel booking and related companies, though the benefits to Delta’s airline operations and earnings are less direct. AI demand fuels a travel booking stock boom
• Negative Sentiment: Reliability concerns could weigh on Delta’s reputation and costs. A report warns that flight cancellations and delays may worsen, potentially affecting customer satisfaction, operating expenses and future bookings if service performance deteriorates. Delta Air Lines has a reliability problem that may get worse

Insider Transactions at Delta Air Lines

In related news, President Peter W. Carter sold 39,900 shares of Delta Air Lines stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $92.98, for a total value of $3,709,902.00. Following the completion of the sale, the president directly owned 424,704 shares in the company, valued at $39,488,977.92. The trade was a 8.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael P. Huerta sold 3,100 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $94.11, for a total transaction of $291,741.00. Following the completion of the sale, the director directly owned 32,525 shares of the company’s stock, valued at approximately $3,060,927.75. This trade represents a 8.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 401,436 shares of company stock valued at $36,617,497 over the last three months. 0.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DAL has been the topic of a number of recent analyst reports. TD Cowen increased their target price on Delta Air Lines from $106.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Barclays boosted their target price on shares of Delta Air Lines from $85.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Benchmark restated a “buy” rating on shares of Delta Air Lines in a report on Wednesday, July 8th. Wells Fargo & Company raised their price target on shares of Delta Air Lines from $75.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings raised shares of Delta Air Lines from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 21st. Twenty-three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.40.

Delta Air Lines Stock Down 0.1%

Shares of NYSE:DAL opened at $89.27 on Monday. The business’s 50 day moving average is $87.48 and its 200 day moving average is $75.69. The stock has a market cap of $58.71 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 1.12 and a beta of 1.31. Delta Air Lines, Inc. has a 52-week low of $55.03 and a 52-week high of $95.68. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The business had revenue of $17.67 billion during the quarter, compared to analyst estimates of $17.43 billion. During the same period in the previous year, the company posted $2.10 EPS. Delta Air Lines’s revenue was up 18.7% on a year-over-year basis. Sell-side analysts predict that Delta Air Lines, Inc. will post 6.54 EPS for the current year.

Delta Air Lines Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th were paid a dividend of $0.215 per share. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, July 9th. Delta Air Lines’s payout ratio is 14.26%.

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.