Intech Investment Management LLC Buys 11,331 Shares of Delta Air Lines, Inc. $DAL

Intech Investment Management LLC boosted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 10.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 117,320 shares of the transportation company’s stock after purchasing an additional 11,331 shares during the period. Intech Investment Management LLC’s holdings in Delta Air Lines were worth $8,142,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in DAL. AlphaQuest LLC grew its position in Delta Air Lines by 90.6% during the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after buying an additional 211 shares during the period. Accredited Wealth Management LLC lifted its holdings in shares of Delta Air Lines by 1,983.3% in the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after buying an additional 476 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new stake in Delta Air Lines in the fourth quarter valued at approximately $31,000. SWAN Capital LLC raised its stake in Delta Air Lines by 1,016.0% in the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 508 shares in the last quarter. Finally, Camelot Portfolios LLC purchased a new stake in Delta Air Lines in the fourth quarter valued at approximately $34,000. Institutional investors own 69.93% of the company’s stock.

Key Stories Impacting 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 Air Lines from $84 to $92 and reiterated a buy rating, reinforcing expectations for further upside in the shares. TD Cowen price target update
• Positive Sentiment: Airline stocks are benefiting from strong travel demand and a more favorable fuel-cost backdrop as oil prices have eased from recent highs, which can help Delta’s margins. Air travel demand and airfare article
• Positive Sentiment: Recent market coverage highlighted that Delta shares have been supported by analyst upgrades and higher price targets, reflecting improving confidence in the company’s earnings outlook. Delta stock is up article
• Neutral Sentiment: Delta’s CEO defended the carrier’s choice of Amazon’s in-flight Wi-Fi service over SpaceX Starlink, a strategic decision that may matter competitively but is not an immediate financial catalyst. Delta Wi-Fi strategy article
• Negative Sentiment: Two recent insider sales by Delta executives, including EVP Allison Ausband and EVP Alain Bellemare, may modestly pressure sentiment even though insider selling is not always a fundamental red flag. Ausband SEC filing Bellemare SEC filing

Delta Air Lines Stock Up 0.0%

Shares of Delta Air Lines stock opened at $82.49 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.42. Delta Air Lines, Inc. has a 52-week low of $45.28 and a 52-week high of $83.83. The stock has a market capitalization of $54.20 billion, a price-to-earnings ratio of 12.03, a P/E/G ratio of 1.19 and a beta of 1.25. The company’s 50 day moving average price is $70.15 and its 200-day moving average price is $67.99.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The company’s quarterly 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 EPS. Equities research analysts forecast that Delta Air Lines, Inc. will post 5.37 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Thursday, May 14th. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.93%.

Analyst Ratings Changes

A number of brokerages recently weighed in on DAL. Wolfe Research lowered their target price on shares of Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Raymond James Financial increased their price target on shares of Delta Air Lines from $76.00 to $80.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 9th. Sanford C. Bernstein increased their price target on shares of Delta Air Lines from $81.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Evercore reiterated an “outperform” rating and set a $85.00 price target on shares of Delta Air Lines in a research report on Friday, April 17th. Finally, Argus increased their price target on shares of Delta Air Lines from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.22.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president owned 95,025 shares of the company’s stock, valued at approximately $7,738,836. This trade represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Allison C. Ausband sold 9,710 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $76.00, for a total value of $737,960.00. Following the transaction, the executive vice president directly owned 138,854 shares of the company’s stock, valued at $10,552,904. This represents a 6.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 149,635 shares of company stock valued at $10,833,855. 0.80% of the stock is currently owned by company insiders.

Delta Air Lines Company 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.