Harel Insurance Investments & Financial Services Ltd. Buys 10,050 Shares of Delta Air Lines, Inc. $DAL

Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2,055.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,539 shares of the transportation company’s stock after acquiring an additional 10,050 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Delta Air Lines were worth $701,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Lloyd Advisory Services LLC. bought a new position in shares of Delta Air Lines during the 4th quarter worth about $31,000. Camelot Portfolios LLC bought a new stake in Delta Air Lines in the 4th quarter valued at about $34,000. Byrne Asset Management LLC bought a new stake in Delta Air Lines in the 4th quarter valued at about $35,000. Beacon Financial Strategies CORP acquired a new position in Delta Air Lines during the 4th quarter worth approximately $36,000. Finally, Cornerstone Planning Group LLC raised its stake in Delta Air Lines by 451.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock worth $34,000 after buying an additional 429 shares during the period. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Stock Performance

Shares of DAL opened at $86.66 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.35 and a current ratio of 0.42. The stock has a 50 day moving average price of $82.28 and a two-hundred day moving average price of $72.97. The firm has a market capitalization of $56.99 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.07 and a beta of 1.29. Delta Air Lines, Inc. has a 52 week low of $50.44 and a 52 week high of $95.68.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. The company had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.43 billion. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The company’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter last year, the company earned $2.10 earnings per share. Equities analysts forecast that Delta Air Lines, Inc. will post 6.61 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on DAL. Bank of America raised their price objective on Delta Air Lines from $93.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Jefferies Financial Group upped their target price on Delta Air Lines from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. HSBC cut 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. Morgan Stanley lifted their price target on shares of Delta Air Lines from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Finally, TD Cowen boosted their price target on shares of Delta Air Lines from $106.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday. Twenty-three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Delta Air Lines presently has an average rating of “Moderate Buy” and an average target price of $100.40.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Allison C. Ausband sold 9,710 shares of Delta Air Lines stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $76.00, for a total transaction 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. The trade was a 6.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alain Bellemare sold 25,000 shares of the company’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 sale, the executive vice president owned 95,025 shares of the company’s stock, valued at approximately $7,738,836. The trade was a 20.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 65,331 shares of company stock worth $5,036,638. Company insiders own 0.80% of the company’s stock.

Delta Air Lines News Summary

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

• Positive Sentiment: Delta is raising fares and keeping a higher baseline pricing structure, which should help protect margins if fuel costs stay elevated. Delta (DAL) Is Resetting Fares Higher As Premium Travel Demand Holds Up
• Positive Sentiment: Premium and corporate travel demand remains firm, supporting Delta’s revenue mix and pricing power. Delta (DAL) Is Resetting Fares Higher As Premium Travel Demand Holds Up
• Positive Sentiment: TD Cowen increased its price target on Delta Air Lines, signaling improved analyst confidence in the stock. Delta Air Lines (NYSE:DAL) Price Target Raised to $112.00 at TD Cowen
• Neutral Sentiment: Delta reported stronger revenue in the latest quarter, but net income fell from a year earlier, so the earnings update was mixed rather than uniformly positive. Delta’s Higher Fares And Shelf Offering Could Be A Game Changer For Delta Air Lines (DAL)
• Neutral Sentiment: Delta filed an omnibus shelf registration, which gives it flexibility to issue securities later, but does not by itself mean immediate dilution or financing activity. Delta’s Higher Fares And Shelf Offering Could Be A Game Changer For Delta Air Lines (DAL)
• Negative Sentiment: Higher jet fuel costs remain a headwind for the airline industry and could pressure Delta’s margins despite better pricing. United Airlines anticipates $6 billion in added fuel costs

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.