Harvest Portfolios Group Inc. Sells 10,118 Shares of Delta Air Lines, Inc. $DAL

Harvest Portfolios Group Inc. lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 8.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 104,937 shares of the transportation company’s stock after selling 10,118 shares during the period. Harvest Portfolios Group Inc.’s holdings in Delta Air Lines were worth $7,283,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in Delta Air Lines by 54.8% in the 3rd quarter. Wellington Management Group LLP now owns 5,817,783 shares of the transportation company’s stock valued at $330,159,000 after purchasing an additional 2,058,744 shares during the period. Bank of New York Mellon Corp grew its stake in Delta Air Lines by 23.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,661,911 shares of the transportation company’s stock valued at $434,813,000 after purchasing an additional 1,447,058 shares during the period. Marshall Wace LLP grew its stake in Delta Air Lines by 16,044.7% in the 3rd quarter. Marshall Wace LLP now owns 1,263,320 shares of the transportation company’s stock valued at $71,693,000 after purchasing an additional 1,255,495 shares during the period. Lansdowne Partners UK LLP grew its stake in Delta Air Lines by 47.0% in the 3rd quarter. Lansdowne Partners UK LLP now owns 2,284,257 shares of the transportation company’s stock valued at $129,632,000 after purchasing an additional 730,368 shares during the period. Finally, Allianz Asset Management GmbH grew its stake in Delta Air Lines by 24.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,791,581 shares of the transportation company’s stock valued at $158,422,000 after purchasing an additional 550,480 shares during the period. 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: Berkshire Hathaway disclosed a new 39.8 million-share Delta stake, a major endorsement that has boosted sentiment around DAL’s premium revenue and loyalty-driven business model.
• Positive Sentiment: Bernstein raised its price target on Delta Air Lines, signaling improved analyst confidence in the carrier’s earnings and strategic positioning. Bernstein Raised PT on Delta Air Lines (DAL), Here’s Why
• Positive Sentiment: Delta is expanding Europe flights, including added service to Madrid and Munich, to capture event-driven travel demand and support higher-yield premium bookings. Delta Expands Europe Flights to Capture Event-Driven Travel Demand
• Positive Sentiment: CEO Ed Bastian defended Delta’s choice of Amazon Leo over Starlink, citing a much lower price point and other benefits, which may help keep technology costs in check. Delta CEO stands by his decision to choose Amazon over Elon Musk’s Starlink for one main reason
• Neutral Sentiment: Delta’s CEO said the airline will prioritize global expansion over domestic tie-ups, indicating a focus on organic growth rather than near-term merger activity. Delta CEO Ed Bastian Says Airline Will Prioritize Global Expansion Over Domestic Tie-Ups Despite Trump’s Merger-Friendly Policies
• Neutral Sentiment: Several commentary pieces noted Delta as a stock to watch following Berkshire’s investment, but these were largely reiterations of the same ownership news rather than new operational developments. Berkshire’s New Delta Stake Highlights Premium And Loyalty Focus Risks
• Negative Sentiment: Short-term profit-taking has also appeared after the Berkshire-related rally, suggesting some traders are fading the move despite the improved longer-term story.

Wall Street Analyst Weigh In

DAL has been the topic of a number of recent research reports. 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. Rothschild & Co Redburn dropped their price target on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Susquehanna dropped their price target 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. Wells Fargo & Company dropped their price target on Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, March 16th. Finally, Citigroup upped their price target on Delta Air Lines from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.76.

Insider Buying and Selling

In related news, CEO Edward H. Bastian sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $70.26, for a total transaction of $7,026,000.00. Following the completion of the transaction, the chief executive officer owned 1,363,448 shares of the company’s stock, valued at approximately $95,795,856.48. The trade was a 6.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John E. Laughter sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $71.61, for a total transaction of $1,074,150.00. Following the transaction, the executive vice president directly owned 54,369 shares of the company’s stock, valued at approximately $3,893,364.09. This represents a 21.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 204,925 shares of company stock valued at $14,323,395. Corporate insiders own 0.80% of the company’s stock.

Delta Air Lines Stock Down 3.5%

Shares of NYSE DAL opened at $67.77 on Wednesday. Delta Air Lines, Inc. has a one year low of $45.28 and a one year high of $76.39. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36. The business’s fifty day moving average price is $67.29 and its 200-day moving average price is $66.89. The stock has a market capitalization of $44.52 billion, a PE ratio of 9.88, a P/E/G ratio of 1.01 and a beta of 1.25.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 EPS. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 5.26 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.75 dividend on an annualized basis and a yield of 1.1%. Delta Air Lines’s dividend payout ratio is 10.93%.

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.