Strategic Investment Advisors MI Purchases 9,194 Shares of Delta Air Lines, Inc. $DAL

Strategic Investment Advisors MI boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 113.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,328 shares of the transportation company’s stock after acquiring an additional 9,194 shares during the period. Strategic Investment Advisors MI’s holdings in Delta Air Lines were worth $1,149,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAL. Lloyd Advisory Services LLC. purchased a new stake in Delta Air Lines in the 4th quarter worth approximately $31,000. SWAN Capital LLC increased its stake in Delta Air Lines by 1,016.0% in the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after acquiring an additional 508 shares during the last quarter. Camelot Portfolios LLC purchased a new stake in shares of Delta Air Lines in the 4th quarter valued at about $34,000. Cornerstone Planning Group LLC raised its holdings in shares of Delta Air Lines by 451.6% in the 4th quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 429 shares in the last quarter. Finally, Atlas Wealth LLC bought a new stake in shares of Delta Air Lines during the 1st quarter valued at about $35,000. Institutional investors own 69.93% of the company’s stock.

Key Headlines Impacting Delta Air Lines

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

• Positive Sentiment: Analyst fair-value estimates moved materially higher. Following Delta’s second-quarter results and management commentary, one estimate rose from $81.81 to $105.52. Analysts cited earnings execution, margins, and growth in premium and loyalty revenue as reasons for the improved outlook. Delta Air Lines Stock Gets Fair Value Boost After Q2 Spurs Analyst Target Hikes
• Positive Sentiment: Wall Street sentiment remains supportive. Coverage highlights Delta’s outperformance over the broader market and generally optimistic analyst views. The company’s latest quarterly results also exceeded expectations, with adjusted earnings of $1.56 per share versus a $1.49 consensus estimate and revenue of $17.67 billion versus $17.43 billion expected. Do Wall Street Analysts Like Delta Air Lines Stock?
• Positive Sentiment: Delta is benefiting from a less-cyclical revenue mix. Commentary contrasts Delta’s valuation with GE Aerospace’s premium and argues that premium cabins, loyalty programs and other diversified revenue streams make Delta less dependent on main-cabin ticket demand than in the past. Delta’s Profits vs. GE’s Premiums
• Neutral Sentiment: A new DraftKings partnership adds engagement but is not expected to materially change near-term earnings. Delta will offer SkyPicks, a free sports-knowledge contest available through Delta Sync Wi-Fi. Passengers can compete for Delta gift cards without wagering or depositing money, potentially enhancing the in-flight experience and customer engagement. Delta and DraftKings Add Sports Contests to In-Flight Entertainment
• Neutral Sentiment: Increased investor attention is amplifying visibility rather than providing a new fundamental catalyst. Recent coverage focuses on Delta’s relative transportation-sector performance, broker recommendations and its status as a widely followed stock. Are Transportation Stocks Lagging Delta Air Lines

Delta Air Lines Trading Up 2.8%

DAL opened at $88.70 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.42 and a quick ratio of 0.35. Delta Air Lines, Inc. has a one year low of $50.44 and a one year high of $95.68. The firm has a market capitalization of $58.33 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 1.08 and a beta of 1.29. The business has a 50 day simple moving average of $85.07 and a two-hundred day simple moving average of $74.02.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $17.67 billion during the quarter, compared to the consensus estimate of $17.43 billion. During the same quarter in the prior year, the company earned $2.10 earnings per share. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. Analysts predict that Delta Air Lines, Inc. will post 6.54 EPS for the current year.

Delta Air Lines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th were given a $0.215 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.86 dividend on an annualized basis 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 payout ratio is currently 14.26%.

Insider Transactions at Delta Air Lines

In related news, EVP Allison C. Ausband sold 5,000 shares of Delta Air Lines 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 transaction, the executive vice president directly owned 133,854 shares of the company’s stock, valued at $10,574,466. This trade represents a 3.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 95,025 shares in the company, valued at $7,738,836. The trade was a 20.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 65,331 shares of company stock worth $5,036,638 over the last ninety days. Insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

DAL has been the subject of several research reports. Bank of America upped their target price on shares of Delta Air Lines from $93.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. The Goldman Sachs Group raised their price target on Delta Air Lines from $80.00 to $116.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. TD Cowen lifted their price target on shares of Delta Air Lines from $106.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Susquehanna boosted their price objective on shares of Delta Air Lines from $78.00 to $108.00 and gave the stock a “positive” rating in a report on Tuesday, July 7th. Finally, BNP Paribas Exane cut their price objective on shares of Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. 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 data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.40.

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.