Delta Air Lines, Inc. $DAL Shares Purchased by iA Global Asset Management Inc.

iA Global Asset Management Inc. increased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 53.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 92,142 shares of the transportation company’s stock after acquiring an additional 32,014 shares during the period. iA Global Asset Management Inc.’s holdings in Delta Air Lines were worth $6,395,000 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 the stock. First Financial Bank Trust Division lifted its position in Delta Air Lines by 3.3% during the 4th quarter. First Financial Bank Trust Division now owns 4,721 shares of the transportation company’s stock worth $328,000 after acquiring an additional 150 shares in the last quarter. LRI Investments LLC lifted its position in Delta Air Lines by 3.4% during the 4th quarter. LRI Investments LLC now owns 4,644 shares of the transportation company’s stock worth $322,000 after acquiring an additional 154 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in Delta Air Lines by 25.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 794 shares of the transportation company’s stock worth $55,000 after acquiring an additional 161 shares in the last quarter. Apella Capital LLC lifted its position in Delta Air Lines by 4.6% during the 4th quarter. Apella Capital LLC now owns 3,717 shares of the transportation company’s stock worth $258,000 after acquiring an additional 164 shares in the last quarter. Finally, Kaufman Rossin Wealth LLC lifted its position in Delta Air Lines by 2.2% during the 4th quarter. Kaufman Rossin Wealth LLC now owns 8,593 shares of the transportation company’s stock worth $596,000 after acquiring an additional 182 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Stock Performance

Shares of DAL opened at $70.28 on Monday. The business’s 50 day moving average is $66.94 and its two-hundred day moving average is $66.74. Delta Air Lines, Inc. has a 52-week low of $45.28 and a 52-week high of $76.39. The firm has a market cap of $46.17 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 1.01 and a beta of 1.25. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.05 billion. During the same period in the prior year, the company posted $0.46 EPS. Delta Air Lines’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts forecast that Delta Air Lines, Inc. will post 5.26 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

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

Wall Street Analysts Forecast Growth

DAL has been the topic of several recent research reports. BNP Paribas Exane reduced 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. Dbs Bank raised Delta Air Lines to a “moderate buy” rating in a research report on Monday, January 19th. Bank of America reduced their price target on Delta Air Lines from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Evercore reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Delta Air Lines in a research report on Friday, April 17th. Finally, Seaport Research Partners upped their target price on Delta Air Lines from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.76.

Insider Activity at Delta Air Lines

In related news, EVP John E. Laughter sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total transaction of $1,074,150.00. Following the sale, 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. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Alain Bellemare sold 20,621 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $72.75, for a total value of $1,500,177.75. Following the sale, the executive vice president directly owned 120,025 shares in the company, valued at approximately $8,731,818.75. This represents a 14.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 204,925 shares of company stock valued at $14,323,395. Corporate insiders own 0.80% of the company’s stock.

Key Delta Air Lines News

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

• Positive Sentiment: Berkshire Hathaway reported a new position in Delta Air Lines worth more than $2.6 billion, signaling strong institutional confidence in DAL and likely boosting sentiment around the stock. Berkshire Hathaway returns to airlines with $2.6 billion stake in Delta Air Lines
• Positive Sentiment: Investor reaction is also supported by reports that Citi remains bullish on Delta, reinforcing the view that DAL still has analyst support despite a choppy airline backdrop. Citi Remains a Buy on Delta Air Lines (DAL)
• Neutral Sentiment: Delta is still trading in a volatile airline environment, with rising jet fuel prices pressuring carriers across the sector as they cut capacity, raise fares, and trim forecasts. Will Airline ETFs Shield Your Portfolio Against Rising Jet Fuel Prices?
• Neutral Sentiment: Delta also announced a 4% employee pay raise, which is positive for labor relations but adds to cost pressure at a time when the industry faces fuel and demand uncertainty. Delta gives workers 4% pay raise amid industry uncertainty
• Neutral Sentiment: Separate headlines about Delta’s choice of Amazon’s LEO internet service over Starlink, and Elon Musk’s criticism of that decision, are more of a corporate/branding story than a clear earnings catalyst for DAL. Delta won’t use Starlink. Elon Musk is not happy.

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.