Raleigh Capital Management Inc. Has $786,000 Stock Holdings in Delta Air Lines, Inc. $DAL

Raleigh Capital Management Inc. grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 90.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 11,830 shares of the transportation company’s stock after acquiring an additional 5,603 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Delta Air Lines were worth $786,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Brighton Jones LLC increased its stake in Delta Air Lines by 33.5% in the fourth 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 during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Delta Air Lines in the 1st quarter valued at $178,000. Sivia Capital Partners LLC acquired a new stake in shares of Delta Air Lines in the 2nd quarter valued at $555,000. Marshall Wace LLP increased its stake in shares of Delta Air Lines by 102.2% in the 2nd 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 last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of Delta Air Lines by 10.6% in the 2nd 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 last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP John E. Laughter sold 69,304 shares of Delta Air Lines stock in a transaction on Friday, April 10th. The shares were sold at an average price of $68.15, for a total value of $4,723,067.60. Following the completion of the sale, the executive vice president directly owned 69,369 shares of the company’s stock, valued at approximately $4,727,497.35. The trade was a 49.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Alain Bellemare sold 25,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the transaction, the executive vice president owned 95,025 shares in the company, valued at $7,738,836. This represents a 20.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 149,635 shares of company stock worth $10,833,855 in the last quarter. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. HSBC lowered their price target on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating for the company in a report on Thursday, April 9th. Barclays lifted their target price on Delta Air Lines from $85.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Morgan Stanley boosted their target price on Delta Air Lines from $90.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Zacks Research raised shares of Delta Air Lines from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, Susquehanna reduced their price target 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 equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.93.

Trending Headlines about Delta Air Lines

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

• Positive Sentiment: Multiple earnings-preview pieces say Delta looks positioned to beat estimates, supported by strong bookings and lower fuel costs, which could improve near-term results. Delta Air Lines (DAL) Expected to Beat Earnings Estimates: Should You Buy?
• Positive Sentiment: BMO Capital Markets raised its price target on Delta to $105 from $80 and kept an outperform rating, reinforcing a more optimistic Wall Street view of the airline. Benzinga report on BMO price target increase
• Positive Sentiment: Goldman Sachs and TD Cowen also lifted targets across major U.S. airlines, with Delta included, which signals improving analyst confidence in the sector’s revenue outlook. Airlines Get a Wall Street Lift as Goldman, TD Cowen Raise Targets on Delta, United, Southwest, American
• Positive Sentiment: Delta’s international expansion, including its Korean Air partnership and new Los Angeles-to-Hong Kong service, underscores growth in the high-margin trans-Pacific market. Delta (DAL) Expands Pacific Reach With Korean Air Tie Up And Hong Kong Route

Delta Air Lines Trading Up 0.0%

NYSE DAL opened at $92.75 on Friday. The stock has a market capitalization of $60.94 billion, a P/E ratio of 13.52, a P/E/G ratio of 1.39 and a beta of 1.29. The business has a 50 day simple moving average of $78.99 and a 200 day simple moving average of $71.91. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36. Delta Air Lines, Inc. has a one year low of $49.19 and a one year high of $95.68.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 earnings per share. Research analysts expect that Delta Air Lines, Inc. will post 5.47 earnings per share for the current year.

Delta Air Lines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, July 9th. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s dividend payout ratio is presently 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.