7,143 Shares in Delta Air Lines, Inc. $DAL Purchased by Calamos Wealth Management LLC

Calamos Wealth Management LLC purchased a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 1st quarter, Holdings Channel reports. The fund purchased 7,143 shares of the transportation company’s stock, valued at approximately $475,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DAL. Calamos Advisors LLC grew its stake in Delta Air Lines by 3.1% during the first quarter. Calamos Advisors LLC now owns 379,989 shares of the transportation company’s stock worth $25,262,000 after buying an additional 11,395 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Delta Air Lines by 5.6% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 42,739 shares of the transportation company’s stock valued at $2,841,000 after acquiring an additional 2,274 shares during the last quarter. Bleakley Financial Group LLC raised its stake in shares of Delta Air Lines by 13.4% in the first quarter. Bleakley Financial Group LLC now owns 18,017 shares of the transportation company’s stock valued at $1,198,000 after acquiring an additional 2,126 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Delta Air Lines by 3.8% in the 1st quarter. Principal Financial Group Inc. now owns 747,998 shares of the transportation company’s stock worth $49,727,000 after acquiring an additional 27,577 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in Delta Air Lines by 39.4% during the 1st quarter. Chicago Partners Investment Group LLC now owns 28,707 shares of the transportation company’s stock worth $1,964,000 after acquiring an additional 8,111 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Stock Down 0.8%

NYSE:DAL opened at $85.48 on Wednesday. The company has a market cap of $56.22 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 1.06 and a beta of 1.29. 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 stock’s fifty day moving average price is $81.76 and its two-hundred day moving average price is $72.76. Delta Air Lines, Inc. has a 52-week low of $50.44 and a 52-week high of $95.68.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.49 by $0.07. The company 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 business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period last year, the firm earned $2.10 EPS. On average, analysts anticipate that Delta Air Lines, Inc. will post 6.7 EPS for the current year.

Delta Air Lines Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be given a $0.215 dividend. The ex-dividend date is Thursday, July 9th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. Delta Air Lines’s dividend payout ratio is 14.26%.

Trending Headlines about Delta Air Lines

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

• Positive Sentiment: TD Cowen raised its price target on Delta to $112 and reiterated a buy rating, highlighting further upside after the airline’s strong quarterly performance.
• Positive Sentiment: JPMorgan also lifted its price target to $114 and kept an overweight rating, reflecting growing analyst confidence in Delta’s earnings outlook.
• Positive Sentiment: Multiple reports pointed to healthy travel demand, premium cabin strength, and resilient cash flow, suggesting Delta can keep growing revenue even in a higher-cost environment. Article Title
• Positive Sentiment: Delta said cheaper jet fuel may not translate into lower airfares, implying pricing power could remain intact and margins may stay supported. Article Title
• Neutral Sentiment: Several coverage pieces framed Delta as a value or momentum stock trading at a reasonable valuation, but these are more confirmation than a new catalyst.
• Negative Sentiment: Rising geopolitical tensions in Iran were flagged as a potential headwind for airline stocks because they could pressure fuel prices and create turbulence for travel demand. Article Title
• Negative Sentiment: Fuel costs remain a key risk, with Delta noting a sharp jump in fuel expense during the quarter, which could keep margin pressure in focus if energy prices rise again.

Insider Activity

In other Delta Air Lines news, EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, EVP Allison C. Ausband sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $79.00, for a total transaction of $395,000.00. Following the transaction, the executive vice president owned 133,854 shares in the company, valued at approximately $10,574,466. The trade was a 3.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 65,331 shares of company stock valued at $5,036,638 over the last three months. Company insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DAL shares. Susquehanna raised 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. Sanford C. Bernstein reissued an “outperform” rating and issued a $106.00 price objective on shares of Delta Air Lines in a research note on Monday. Evercore increased their target price on Delta Air Lines from $85.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. BNP Paribas Exane lowered their target price on Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. Finally, Wells Fargo & Company lifted their price target on Delta Air Lines from $75.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Twenty-three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $100.40.

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.