Delta Air Lines, Inc. $DAL Position Lowered by Groupama Asset Managment

Groupama Asset Managment trimmed its position in Delta Air Lines, Inc. (NYSE:DAL) by 43.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,272 shares of the transportation company’s stock after selling 6,990 shares during the period. Groupama Asset Managment’s holdings in Delta Air Lines were worth $616,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DAL. Brighton Jones LLC raised its position in shares of Delta Air Lines by 33.5% during the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock valued at $555,000 after acquiring an additional 2,302 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Delta Air Lines in the first quarter worth $178,000. Sivia Capital Partners LLC bought a new stake in Delta Air Lines during the second quarter valued at $555,000. Marshall Wace LLP raised its holdings in shares of Delta Air Lines by 102.2% during the second quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company’s stock worth $385,000 after purchasing an additional 357,825 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Delta Air Lines by 10.6% during the second quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company’s stock worth $2,859,000 after purchasing an additional 5,564 shares during the period. 69.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. 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 report on Friday, July 10th. Wells Fargo & Company increased their price objective on shares of Delta Air Lines from $75.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. Seaport Research Partners lifted their target price on Delta Air Lines from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Citigroup upped their target price on Delta Air Lines from $106.00 to $110.00 and gave the company a “buy” rating in a report on Sunday, July 12th. Finally, BNP Paribas Exane dropped 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. Twenty-three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $100.40.

Delta Air Lines News Roundup

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

• Positive Sentiment: Wall Street analysts remain optimistic about Delta’s prospects, with coverage emphasizing the stock’s market outperformance and favorable recommendations. This supports investor confidence, although the reports provide limited new fundamental information. Do Wall Street Analysts Like Delta Air Lines Stock? Do Wall Street Analysts Like Delta Air Lines Stock?
• Positive Sentiment: A Delta partnership with DraftKings will offer customers a free-to-play sports knowledge contest. The initiative could modestly strengthen customer engagement and ancillary revenue opportunities, but its direct financial effect is likely limited. Delta, DraftKings partner on free-to-play sports knowledge contest
• Neutral Sentiment: Delta has attracted elevated attention from Zacks users, while broker commentary continues to favor the stock. The increased visibility may support trading interest, but it does not represent a new earnings or operating catalyst. Delta Air Lines Is a Trending Stock Brokers Suggest Investing in Delta
• Neutral Sentiment: Boeing narrowly led Airbus in orders at the Farnborough Airshow. A healthier Boeing could eventually improve aircraft supply and fleet-planning flexibility for airlines such as Delta, but the development has no immediate, material impact on DAL. Airlines Are Still Willing to Bet on Boeing

Insider Activity at Delta Air Lines

In related news, EVP Allison C. Ausband sold 9,710 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total value of $737,960.00. Following the completion of the transaction, the executive vice president directly owned 138,854 shares of the company’s stock, valued at $10,552,904. This represents a 6.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were 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. This represents a 20.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 65,331 shares of company stock valued at $5,036,638. Insiders own 0.80% of the company’s stock.

Delta Air Lines Stock Up 0.1%

Delta Air Lines stock opened at $87.53 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.35 and a current ratio of 0.42. Delta Air Lines, Inc. has a one year low of $50.44 and a one year high of $95.68. The company has a 50-day simple moving average of $85.29 and a 200-day simple moving average of $74.14. The firm has a market capitalization of $57.56 billion, a P/E ratio of 14.52, a P/E/G ratio of 1.10 and a beta of 1.31.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.07. The firm had revenue of $17.67 billion for the quarter, compared to the consensus estimate of $17.43 billion. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. Delta Air Lines’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period last year, the firm posted $2.10 EPS. As a group, equities analysts expect that Delta Air Lines, Inc. will post 6.54 earnings per share for the current year.

Delta Air Lines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th were issued a dividend of $0.215 per share. 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. The ex-dividend date of this dividend was Thursday, July 9th. Delta Air Lines’s dividend payout ratio is presently 14.26%.

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.