State of Wyoming Has $1.16 Million Stock Holdings in 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 the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,471 shares of the transportation company’s stock after purchasing an additional 7,357 shares during the period. State of Wyoming’s holdings in Delta Air Lines were worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Capital International Investors raised its position in Delta Air Lines by 4.4% in the 4th quarter. Capital International Investors now owns 24,211,101 shares of the transportation company’s stock valued at $1,680,249,000 after purchasing an additional 1,012,265 shares during the last quarter. State Street Corp increased its stake in shares of Delta Air Lines by 0.7% in the fourth quarter. State Street Corp now owns 23,163,644 shares of the transportation company’s stock valued at $1,607,557,000 after buying an additional 165,729 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Delta Air Lines by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 17,413,841 shares of the transportation company’s stock valued at $1,215,766,000 after buying an additional 202,865 shares during the last quarter. Wellington Management Group LLP lifted its position in Delta Air Lines by 137.4% during the 4th quarter. Wellington Management Group LLP now owns 13,811,787 shares of the transportation company’s stock worth $958,538,000 after buying an additional 7,994,004 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Delta Air Lines by 0.5% during the 4th quarter. Morgan Stanley now owns 12,310,804 shares of the transportation company’s stock worth $854,370,000 after acquiring an additional 56,455 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In related news, EVP Allison C. Ausband sold 9,710 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were 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 approximately $10,552,904. This represents a 6.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines 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 completion of the sale, the executive vice president directly owned 95,025 shares in the company, valued at $7,738,836. This represents a 20.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 65,331 shares of company stock valued at $5,036,638. Insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on DAL. The Goldman Sachs Group boosted their target price on shares of Delta Air Lines from $80.00 to $116.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Evercore boosted their price objective on shares of Delta Air Lines from $85.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Argus set a $105.00 price objective on Delta Air Lines in a report on Tuesday, July 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Delta Air Lines in a research report on Tuesday, July 7th. Finally, UBS Group boosted their target price on Delta Air Lines from $107.00 to $112.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Twenty-three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.40.

Delta Air Lines Trading Down 1.2%

NYSE DAL opened at $83.61 on Thursday. Delta Air Lines, Inc. has a 12 month low of $50.44 and a 12 month high of $95.68. The stock has a 50-day simple moving average of $83.29 and a 200 day simple moving average of $73.39. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $54.98 billion, a PE ratio of 13.87, a P/E/G ratio of 1.06 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.07. The firm had revenue of $17.67 billion for the quarter, compared to analysts’ expectations of $17.43 billion. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The company’s revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.10 earnings per share. Research analysts forecast that Delta Air Lines, Inc. will post 6.54 EPS for the current year.

Delta Air Lines Increases Dividend

The company 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 $0.215 dividend. The ex-dividend date is Thursday, July 9th. This represents a $0.86 dividend on an annualized basis 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%.

Delta Air Lines News Roundup

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 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.