Bull Harbor Capital LLC Takes Position in Delta Air Lines, Inc. $DAL

Bull Harbor Capital LLC acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 17,745 shares of the transportation company’s stock, valued at approximately $1,180,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DAL. Mirae Asset Global Investments Co. Ltd. grew its position in Delta Air Lines by 22.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,173 shares of the transportation company’s stock worth $7,438,000 after buying an additional 19,829 shares in the last quarter. iA Global Asset Management Inc. raised its holdings in Delta Air Lines by 53.2% in the 4th quarter. iA Global Asset Management Inc. now owns 92,142 shares of the transportation company’s stock valued at $6,395,000 after acquiring an additional 32,014 shares in the last quarter. Tredje AP fonden raised its holdings in Delta Air Lines by 1,563.4% in the 4th quarter. Tredje AP fonden now owns 466,797 shares of the transportation company’s stock valued at $32,396,000 after acquiring an additional 438,735 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Delta Air Lines by 154.8% in the 4th quarter. Teacher Retirement System of Texas now owns 192,384 shares of the transportation company’s stock worth $13,351,000 after acquiring an additional 116,891 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Delta Air Lines by 2.5% in the 4th quarter. Principal Financial Group Inc. now owns 720,421 shares of the transportation company’s stock worth $49,997,000 after acquiring an additional 17,316 shares during the period. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In related news, 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 in the company, valued at $10,574,466. This trade represents a 3.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the transaction, the executive vice president directly owned 95,025 shares of the company’s stock, valued at $7,738,836. This represents a 20.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 65,331 shares of company stock worth $5,036,638 in the last 90 days. 0.80% of the stock is owned by corporate insiders.

Delta Air Lines News Roundup

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

• Positive Sentiment: Analysts raised Delta’s fair-value estimate from $81.81 to $105.52 after its second-quarter results and management commentary. The revisions cite stronger earnings execution, improving margins, and the growing contribution of premium travel and loyalty revenue, which can make results less dependent on main-cabin ticket demand. Delta Air Lines stock fair value boost
• Positive Sentiment: A separate analysis argues that Delta’s expansion into premium seating, loyalty, and other diversified revenue streams may reduce the company’s historical cyclicality. That supports the case for a higher valuation relative to the heavily cyclical airline multiples investors have typically assigned to DAL. Delta profits versus GE premiums analysis
• Positive Sentiment: Delta and DraftKings launched SkyPicks, a no-wagering sports contest available through Delta Sync WiFi. The program offers passengers the chance to win Delta gift cards and could modestly improve onboard engagement, brand loyalty, and ancillary revenue without involving deposits or cash betting. Delta and DraftKings add sports contests
• Neutral Sentiment: The broader airline backdrop remains mixed: premium and corporate demand are improving at American Airlines, but fuel, labor, and debt costs remain risks across the industry. Delta’s premium-heavy strategy may offer some protection, while fuel-price volatility remains an important factor for DAL investors. American Airlines revenue and fuel risks

Delta Air Lines Trading Down 3.4%

Shares of DAL opened at $86.30 on Thursday. 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 cap of $56.75 billion, a PE ratio of 14.31, a PEG ratio of 1.12 and a beta of 1.29. Delta Air Lines, Inc. has a 1 year low of $50.44 and a 1 year high of $95.68. The stock has a 50 day simple moving average of $84.81 and a 200-day simple moving average of $73.91.

Delta Air Lines (NYSE:DAL) last announced its quarterly 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. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The business had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.43 billion. During the same quarter in the previous year, the firm earned $2.10 EPS. Delta Air Lines’s quarterly revenue was up 18.7% on a year-over-year basis. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 6.54 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DAL. UBS Group boosted their price objective on Delta Air Lines from $107.00 to $112.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Argus set a $105.00 target price on Delta Air Lines in a research report on Tuesday, July 14th. HSBC reduced their target price on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating for the company in a research report on Thursday, April 9th. BMO Capital Markets boosted their price target on shares of Delta Air Lines from $80.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, July 2nd. Finally, Evercore increased their price objective on shares of Delta Air Lines from $85.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Twenty-three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Delta Air Lines currently has an average rating of “Moderate Buy” and an average price target of $100.40.

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.