Zweig DiMenna Associates LLC Has $14.10 Million Holdings in Delta Air Lines, Inc. $DAL

Zweig DiMenna Associates LLC lessened its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 22.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 212,060 shares of the transportation company’s stock after selling 62,000 shares during the quarter. Delta Air Lines comprises approximately 2.0% of Zweig DiMenna Associates LLC’s holdings, making the stock its 19th largest position. Zweig DiMenna Associates LLC’s holdings in Delta Air Lines were worth $14,098,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Lloyd Advisory Services LLC. bought a new position in shares of Delta Air Lines in the 4th quarter valued at approximately $31,000. SWAN Capital LLC boosted its position in Delta Air Lines by 1,016.0% during the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after purchasing an additional 508 shares during the period. Camelot Portfolios LLC acquired a new position in Delta Air Lines during the fourth quarter valued at approximately $34,000. Cornerstone Planning Group LLC grew its holdings in Delta Air Lines by 451.6% during the fourth quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 429 shares during the last quarter. Finally, Byrne Asset Management LLC bought a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

More Delta Air Lines News

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.

Delta Air Lines Stock Down 0.8%

DAL opened at $85.48 on Wednesday. Delta Air Lines, Inc. has a 1-year low of $50.44 and a 1-year high of $95.68. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.48. The stock has a market capitalization 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 business has a 50 day moving average of $81.76 and a 200-day moving average of $72.76.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 earnings per share (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 the consensus estimate of $17.43 billion. During the same quarter last year, the company posted $2.10 earnings per share. Delta Air Lines’s quarterly revenue was up 18.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.7 earnings per share for the current year.

Delta Air Lines Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DAL. Wolfe Research reduced their price objective on shares of Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. Morgan Stanley lifted their target price on shares of Delta Air Lines from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday. BMO Capital Markets lifted their target price on shares of Delta Air Lines from $80.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Bank of America boosted their target price on shares of Delta Air Lines from $93.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Finally, HSBC decreased their price target on shares of Delta Air Lines from $80.20 to $79.30 and set a “buy” rating for the company in a report on Thursday, April 9th. Twenty-three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Delta Air Lines currently has an average rating of “Moderate Buy” and an average target price of $100.40.

Insider Buying and Selling at Delta Air Lines

In related news, EVP Alain Bellemare sold 25,000 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president owned 95,025 shares in the company, valued at approximately $7,738,836. This trade represents a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Allison C. Ausband sold 5,000 shares of the 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 completion of the sale, the executive vice president owned 133,854 shares of the company’s stock, valued at approximately $10,574,466. The trade was a 3.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 65,331 shares of company stock worth $5,036,638 over the last 90 days. Company insiders own 0.80% of the company’s stock.

About Delta Air Lines

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.