Delta Air Lines, Inc. $DAL Shares Sold by Lido Advisors LLC

Lido Advisors LLC decreased its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 44.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 41,129 shares of the transportation company’s stock after selling 33,016 shares during the period. Lido Advisors LLC’s holdings in Delta Air Lines were worth $2,734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital International Investors boosted its position in shares of Delta Air Lines by 4.4% in the fourth quarter. Capital International Investors now owns 24,211,101 shares of the transportation company’s stock worth $1,680,249,000 after acquiring an additional 1,012,265 shares during the last quarter. State Street Corp increased its position in Delta Air Lines by 0.7% during the fourth quarter. State Street Corp now owns 23,163,644 shares of the transportation company’s stock worth $1,607,557,000 after purchasing an additional 165,729 shares during the last quarter. Geode Capital Management LLC increased its position in Delta Air Lines by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 17,413,841 shares of the transportation company’s stock worth $1,215,766,000 after purchasing an additional 202,865 shares during the last quarter. Wellington Management Group LLP raised its stake in Delta Air Lines by 137.4% during the fourth quarter. Wellington Management Group LLP now owns 13,811,787 shares of the transportation company’s stock worth $958,538,000 after purchasing an additional 7,994,004 shares during the period. Finally, Morgan Stanley raised its stake in Delta Air Lines by 0.5% during the fourth quarter. Morgan Stanley now owns 12,310,804 shares of the transportation company’s stock worth $854,370,000 after purchasing an additional 56,455 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DAL. Barclays boosted their price objective on shares of Delta Air Lines from $85.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. BMO Capital Markets increased their target price on Delta Air Lines from $80.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. boosted their price target on Delta Air Lines from $85.00 to $114.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Sanford C. Bernstein restated an “outperform” rating and set a $106.00 price target on shares of Delta Air Lines in a research note on Monday, July 13th. Finally, TD Cowen raised their price objective on Delta Air Lines from $106.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Twenty-three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.40.

Delta Air Lines News Summary

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

• Positive Sentiment: Delta continues to draw investor interest as a major U.S. carrier with a strong Atlanta hub and ongoing travel demand support, which can help keep sentiment constructive around the stock. Article Title
• Positive Sentiment: Delta has also been trading with relatively low implied volatility, suggesting options are inexpensive and that traders may be positioning for a move higher or a stable range. Article Title
• Neutral Sentiment: Delta reportedly outperformed other airline stocks even as the broader group weakened, indicating relative strength rather than a clear company-specific catalyst. Article Title
• Negative Sentiment: Rising jet fuel prices are pressuring U.S. airline earnings forecasts, and Delta has already flagged fuel expense as a key margin headwind, which is weighing on airline shares. Article Title

Insider Transactions at Delta Air Lines

In other news, EVP Allison C. Ausband sold 9,710 shares of the stock in a transaction dated 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 sale, the executive vice president owned 138,854 shares in the company, valued at approximately $10,552,904. This trade represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction dated 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 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 90 days, insiders have sold 65,331 shares of company stock worth $5,036,638. 0.80% of the stock is currently owned by insiders.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $85.07 on Friday. The firm has a fifty day moving average of $83.80 and a 200-day moving average of $73.56. Delta Air Lines, Inc. has a 52-week low of $50.44 and a 52-week high of $95.68. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $55.94 billion, a P/E ratio of 14.11, a PEG ratio of 1.07 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last posted its earnings results 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. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The business had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.43 billion. During the same quarter in the previous year, the business posted $2.10 EPS. The business’s quarterly revenue was up 18.7% on a year-over-year basis. As a group, analysts predict that Delta Air Lines, Inc. will post 6.54 EPS for the current year.

Delta Air Lines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a 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 is Thursday, July 9th. Delta Air Lines’s dividend payout ratio is 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.