Dimensional Fund Advisors LP Sells 59,868 Shares of Delta Air Lines, Inc. $DAL

Dimensional Fund Advisors LP lowered its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,039,114 shares of the transportation company’s stock after selling 59,868 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Delta Air Lines were worth $667,222,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Waycross Partners LLC raised its stake in Delta Air Lines by 3.2% in the 1st quarter. Waycross Partners LLC now owns 418,263 shares of the transportation company’s stock worth $27,806,000 after purchasing an additional 12,938 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Delta Air Lines by 10.1% during the 1st quarter. Parallel Advisors LLC now owns 13,180 shares of the transportation company’s stock worth $876,000 after purchasing an additional 1,206 shares in the last quarter. Swiss National Bank increased its holdings in shares of Delta Air Lines by 7.1% during the first quarter. Swiss National Bank now owns 479,100 shares of the transportation company’s stock worth $31,851,000 after purchasing an additional 31,800 shares during the period. Spartan Wealth Advisory Services LLC bought a new position in shares of Delta Air Lines during the first quarter worth approximately $430,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Delta Air Lines by 81.6% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 603 shares of the transportation company’s stock worth $40,000 after purchasing an additional 271 shares during the period. Institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DAL. The Goldman Sachs Group boosted their price target on Delta Air Lines from $80.00 to $116.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Raymond James Financial lowered Delta Air Lines from a “strong-buy” rating to an “outperform” rating and raised their price objective for the stock from $80.00 to $104.00 in a research note on Monday, July 6th. Argus set a $105.00 price objective on Delta Air Lines in a report on Tuesday, July 14th. Cantor Fitzgerald set a $112.00 target price on Delta Air Lines in a research report on Tuesday, July 14th. Finally, Bank of America raised their price target on Delta Air Lines from $93.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Twenty-three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $100.40.

Delta Air Lines Stock Down 0.0%

Shares of DAL opened at $84.15 on Monday. Delta Air Lines, Inc. has a one year low of $50.44 and a one year high of $95.68. The company has a market cap of $55.34 billion, a P/E ratio of 13.96, a P/E/G ratio of 1.04 and a beta of 1.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.42 and a quick ratio of 0.35. The firm has a 50 day simple moving average of $82.50 and a two-hundred day simple moving average of $73.08.

Delta Air Lines (NYSE:DAL) last issued 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 return on equity of 17.52% and a net margin of 5.79%.The firm had revenue of $17.67 billion for the quarter, compared to the consensus estimate of $17.43 billion. During the same quarter last year, the business posted $2.10 EPS. The company’s revenue was up 18.7% compared to the same quarter last year. Research analysts forecast that Delta Air Lines, Inc. will post 6.66 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be given a dividend of $0.215 per share. The ex-dividend date is Thursday, July 9th. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s dividend payout ratio is currently 14.26%.

More Delta Air Lines News

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

• Positive Sentiment: Delta and United both posted better-than-expected Q2 results, reinforcing that travel demand remains resilient and helping improve sentiment toward airline shares. Delta vs. United Airlines Stock: Which Is the Better Buy After Q2 Earnings?
• Positive Sentiment: Delta is being viewed as a beneficiary of strong fare pricing, especially in premium travel, which could support revenue and earnings even if overall demand normalizes. Delta’s Higher Fares And Shelf Offering Could Be A Game Changer For Delta Air Lines (DAL)
• Positive Sentiment: Another article highlighted that Delta is resetting fares higher as premium and corporate travel holds up, suggesting pricing power remains intact despite higher fuel costs. Delta (DAL) Is Resetting Fares Higher As Premium Travel Demand Holds Up
• Positive Sentiment: Industry commentary also pointed to Delta as a long-term momentum name, which can add to bullish investor interest after recent earnings strength. Why Delta Air Lines (DAL) is a top momentum stock for the long term
• Neutral Sentiment: Peers are still warning that higher jet fuel costs could pressure margins, so investors are balancing stronger demand against a potentially tougher cost backdrop. UAL Q2 Earnings Beat as Strong Yields Offset Fuel Pressure
• Neutral Sentiment: San Antonio’s airport expansion plan is a broader infrastructure development story and is not a direct catalyst for Delta, though it reflects continued airport investment in the travel market. San Antonio to Borrow $944 Million for Major Airport Expansion
• Negative Sentiment: News about Delta extending refund-policy flexibility on some international routes underscores ongoing geopolitical disruption that could weigh on operations and booking trends. Major airline extends refund policy for Dubai flights

Insider Activity

In other Delta Air Lines news, EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the completion of the transaction, the executive vice president owned 95,025 shares of the company’s stock, valued at approximately $7,738,836. The trade was a 20.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Allison C. Ausband sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total value of $395,000.00. Following the transaction, the executive vice president directly owned 133,854 shares of the company’s stock, valued at approximately $10,574,466. The trade was a 3.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 65,331 shares of company stock worth $5,036,638 over the last ninety days. 0.80% of the stock is currently owned by insiders.

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.