Russell Investments Group Ltd. Has $192.90 Million Stock Holdings in Delta Air Lines, Inc. $DAL

Russell Investments Group Ltd. grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.7% during the 4th quarter, Holdings Channel reports. The firm owned 2,779,679 shares of the transportation company’s stock after buying an additional 124,267 shares during the period. Russell Investments Group Ltd.’s holdings in Delta Air Lines were worth $192,900,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC increased its holdings in Delta Air Lines by 33.5% during the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after buying an additional 2,302 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Delta Air Lines during the 1st quarter worth about $178,000. Sivia Capital Partners LLC bought a new stake in shares of Delta Air Lines in the 2nd quarter valued at about $555,000. Marshall Wace LLP lifted its stake in 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. lifted its stake in 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. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 1.2%

Shares of DAL stock opened at $83.09 on Wednesday. The firm has a 50 day moving average price of $73.69 and a two-hundred day moving average price of $69.89. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $54.59 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30. Delta Air Lines, Inc. has a 12-month low of $45.28 and a 12-month high of $87.39.

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, topping the consensus estimate of $0.61 by $0.03. The firm had revenue of $14.20 billion during 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 business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $0.46 earnings per share. As a group, analysts predict that Delta Air Lines, Inc. will post 5.37 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a dividend of $0.1875 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.75 annualized dividend and a yield of 0.9%. Delta Air Lines’s dividend payout ratio (DPR) is 10.93%.

Insiders Place Their Bets

In other Delta Air Lines news, EVP Allison C. Ausband sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 directly owned 133,854 shares in the company, valued at $10,574,466. This trade represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John E. Laughter sold 15,000 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $71.61, for a total transaction of $1,074,150.00. Following the completion of the sale, the executive vice president owned 54,369 shares of the company’s stock, valued at approximately $3,893,364.09. The trade was a 21.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 149,635 shares of company stock worth $10,833,855 over the last three months. Insiders own 0.80% of the company’s stock.

Delta Air Lines News Roundup

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

• Positive Sentiment: The U.S. Department of Transportation closed its investigation into Delta’s handling of the 2024 global IT outage without seeking penalties, removing a potential overhang and reducing legal risk for the airline. US closes probe into 2024 Delta Air Lines meltdown sparked by CrowdStrike outage
• Positive Sentiment: Delta secured a new $2.65 billion undrawn revolving credit facility, which improves liquidity and supports the company’s financial flexibility if travel conditions weaken. Delta Air Lines (DAL) Stock Could Be 20% Below Fair Value After Liquidity Boost
• Positive Sentiment: Several market-watch articles continue to highlight Delta as an undervalued long-term stock, reflecting ongoing analyst and investor optimism about earnings prospects and valuation. Delta Air Lines (DAL) Might Drop Safran SA, Reports Bloomberg
• Neutral Sentiment: Bloomberg reported Delta may replace Safran as the supplier for new business-class suites on key transcontinental routes after delays, but this is more of an operational sourcing issue than an immediate earnings driver. Delta Air Lines (DAL) Might Drop Safran SA, Reports Bloomberg
• Neutral Sentiment: Delta’s recent share gains have been supported by broader airline optimism tied to easing geopolitical concerns and stronger industry sentiment, though the latest move in the stock has been modest. Delta Air Lines (DAL) Advances But Underperforms Market: Key Facts
• Negative Sentiment: Airline coverage noted that some Middle East route disruptions remain in place amid regional security concerns, which could continue to weigh on international operations if the situation worsens. Low-cost airline cancels all flights to country until October, refunds available

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DAL. BNP Paribas Exane lowered their price target on Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. Morgan Stanley raised their price objective on Delta Air Lines from $90.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. UBS Group lifted their target price on Delta Air Lines from $95.00 to $98.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. HSBC decreased their target price on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating on the stock in a report on Thursday, April 9th. Finally, Wells Fargo & Company cut their price target on Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating for the company in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Delta Air Lines currently has a consensus rating of “Moderate Buy” and an average price target of $80.85.

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.