State of Wyoming Acquires 7,357 Shares of Delta Air Lines, Inc. $DAL

State of Wyoming grew its stake in Delta Air Lines, Inc. (NYSE:DAL) by 72.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,471 shares of the transportation company’s stock after purchasing an additional 7,357 shares during the quarter. State of Wyoming’s holdings in Delta Air Lines were worth $1,161,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DAL. Lloyd Advisory Services LLC. acquired a new stake in shares of Delta Air Lines during the fourth quarter worth $31,000. Camelot Portfolios LLC acquired a new position in shares of Delta Air Lines in the fourth quarter valued at about $34,000. Byrne Asset Management LLC acquired a new position in shares of Delta Air Lines in the fourth quarter valued at about $35,000. Beacon Financial Strategies CORP acquired a new stake in Delta Air Lines in the 4th quarter worth about $36,000. Finally, Cornerstone Planning Group LLC grew its position in shares of 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 purchasing an additional 429 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Delta Air Lines

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

• Positive Sentiment: Delta was upgraded to a Zacks Rank #2 (Buy), reflecting improving earnings expectations and boosting near-term optimism around the stock. All You Need to Know About Delta (DAL) Rating Upgrade to Buy
• Positive Sentiment: Industry commentary suggests airlines, including Delta, are still managing elevated fuel costs for now, which supports the view that profitability can hold up despite margin pressure. What’s Next for Airline Stocks Now That Delta Air Lines and United Airlines Have Reported?
• Neutral Sentiment: Delta signed a five-year sustainable aviation fuel deal with Shell to expand SAF supply and infrastructure at major U.S. airports, a strategic long-term move that may support its decarbonization goals but is unlikely to affect near-term earnings immediately. Shell (LSE:SHEL) Signs Five Year SAF Deal With Delta Across Major U.S. Airports
• Negative Sentiment: Rising fuel costs remain the biggest risk for Delta and the broader airline group, and recent articles emphasize that higher jet-fuel expenses can continue to weigh on margins even if demand stays solid. What’s Next for Airline Stocks Now That Delta Air Lines and United Airlines Have Reported?

Delta Air Lines Stock Performance

Shares of DAL stock opened at $83.61 on Thursday. 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 firm has a market cap of $54.98 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 1.06 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. The firm’s 50-day simple moving average is $83.29 and its two-hundred day simple moving average is $73.39.

Delta Air Lines (NYSE:DAL) last released 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. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The firm had revenue of $17.67 billion during the quarter, compared to the consensus estimate of $17.43 billion. During the same period in the prior year, the firm earned $2.10 EPS. The company’s revenue was up 18.7% compared to the same quarter last year. As a group, equities analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th will be paid a $0.215 dividend. The ex-dividend date is Thursday, July 9th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. Delta Air Lines’s dividend payout ratio is 14.26%.

Insider Activity at Delta Air Lines

In related news, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines 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 transaction, the executive vice president directly owned 95,025 shares in the company, valued at approximately $7,738,836. The trade was a 20.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Allison C. Ausband sold 9,710 shares of the firm’s stock in a transaction 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. The trade was a 6.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 65,331 shares of company stock valued at $5,036,638. 0.80% of the stock is owned by insiders.

Analyst Ratings Changes

DAL has been the topic of a number of research analyst reports. Jefferies Financial Group raised their target price on Delta Air Lines from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, July 10th. Wells Fargo & Company lifted their price objective on shares of Delta Air Lines from $75.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Benchmark reiterated a “buy” rating on shares of Delta Air Lines in a report on Wednesday, July 8th. Wolfe Research reduced their price objective on shares of Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Finally, Argus set a $105.00 price target on Delta Air Lines in a report on Tuesday, July 14th. Twenty-three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $100.40.

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.