Delta Air Lines, Inc. $DAL Shares Sold by Groupama Asset Managment

Groupama Asset Managment decreased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 43.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 9,272 shares of the transportation company’s stock after selling 6,990 shares during the quarter. Groupama Asset Managment’s holdings in Delta Air Lines were worth $616,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Compass Capital Management Inc. boosted its stake in Delta Air Lines by 1.5% during the 1st quarter. Compass Capital Management Inc. now owns 128,663 shares of the transportation company’s stock valued at $8,554,000 after purchasing an additional 1,844 shares in the last quarter. Arete Wealth Advisors LLC lifted its holdings in shares of Delta Air Lines by 375.0% in the first quarter. Arete Wealth Advisors LLC now owns 15,058 shares of the transportation company’s stock valued at $1,001,000 after buying an additional 11,888 shares during the period. Western Wealth Management LLC bought a new position in Delta Air Lines during the first quarter valued at about $105,000. Royal Fund Management LLC bought a new position in Delta Air Lines during the first quarter valued at about $1,675,000. Finally, Ariadne Wealth Management LP grew its holdings in Delta Air Lines by 10.3% during the first quarter. Ariadne Wealth Management LP now owns 3,782 shares of the transportation company’s stock worth $251,000 after acquiring an additional 352 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction on 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 directly owned 95,025 shares in the company, valued at approximately $7,738,836. The trade was a 20.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Allison C. Ausband sold 9,710 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total transaction of $737,960.00. Following the sale, the executive vice president directly owned 138,854 shares of the company’s stock, valued at approximately $10,552,904. This represents a 6.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 65,331 shares of company stock worth $5,036,638. Insiders own 0.80% of the company’s stock.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $87.53 on Monday. 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, Inc. has a 12 month low of $50.44 and a 12 month high of $95.68. The business has a fifty day simple moving average of $85.29 and a 200-day simple moving average of $74.14. The stock has a market cap of $57.56 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 1.10 and a beta of 1.31.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business posted $2.10 earnings per share. Delta Air Lines’s revenue for the quarter was up 18.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.54 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on DAL shares. UBS Group upped their price target on shares of Delta Air Lines from $107.00 to $112.00 and gave the company a “buy” rating in a report on Monday, July 13th. Jefferies Financial Group lifted their price objective on shares of Delta Air Lines from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. JPMorgan Chase & Co. boosted their target price on shares of Delta Air Lines from $85.00 to $114.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. The Goldman Sachs Group increased their target price on shares of Delta Air Lines from $80.00 to $116.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Finally, Citigroup lifted their price target on shares of Delta Air Lines from $106.00 to $110.00 and gave the stock a “buy” rating in a research report on Sunday, July 12th. Twenty-three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.40.

More Delta Air Lines News

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 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.