RBF Capital LLC Sells 20,000 Shares of Delta Air Lines, Inc. $DAL

RBF Capital LLC lowered its position in Delta Air Lines, Inc. (NYSE:DAL) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,000 shares of the transportation company’s stock after selling 20,000 shares during the quarter. RBF Capital LLC’s holdings in Delta Air Lines were worth $10,410,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DAL. AlphaQuest LLC grew its stake in Delta Air Lines by 90.6% in the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock worth $25,000 after purchasing an additional 211 shares in the last quarter. Accredited Wealth Management LLC boosted its position in Delta Air Lines by 1,983.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 476 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in Delta Air Lines during the 4th quarter valued at $31,000. SWAN Capital LLC boosted its position in Delta Air Lines by 1,016.0% during the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 508 shares in the last quarter. Finally, Camelot Portfolios LLC bought a new stake in Delta Air Lines during the 4th quarter valued at $34,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

NYSE DAL opened at $83.09 on Wednesday. The stock has a 50-day simple moving average of $73.69 and a two-hundred day simple moving average of $69.89. The firm has a market capitalization of $54.59 billion, a P/E ratio of 12.11, a PEG ratio of 1.19 and a beta of 1.30. Delta Air Lines, Inc. has a fifty-two week low of $45.28 and a fifty-two week high of $87.39. 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 (NYSE:DAL) last announced its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.05 billion. During the same quarter in the previous year, the business earned $0.46 EPS. Delta Air Lines’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts forecast that Delta Air Lines, Inc. will post 5.37 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 14th were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, May 14th. Delta Air Lines’s payout ratio is presently 10.93%.

Insider Buying and Selling

In related news, EVP Allison C. Ausband sold 5,000 shares of Delta Air Lines stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total value of $395,000.00. Following the sale, the executive vice president directly owned 133,854 shares in the company, valued at approximately $10,574,466. The trade was a 3.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total value of $2,036,000.00. Following the completion of the sale, the executive vice president owned 95,025 shares in the company, valued at approximately $7,738,836. The trade was a 20.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 149,635 shares of company stock worth $10,833,855. Insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

DAL has been the topic of several recent research reports. HSBC dropped their target price on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Argus increased their target price on Delta Air Lines from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. TD Cowen increased their target price on Delta Air Lines from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Jefferies Financial Group increased their target price on Delta Air Lines from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Finally, Susquehanna dropped their target price on Delta Air Lines from $81.00 to $78.00 and set a “positive” rating on the stock in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.85.

Key Delta Air Lines News

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

Delta Air Lines 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.