Allworth Financial LP Has $6.16 Million Stock Holdings in Delta Air Lines, Inc. $DAL

Allworth Financial LP trimmed its position in Delta Air Lines, Inc. (NYSE:DAL) by 21.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 88,709 shares of the transportation company’s stock after selling 24,370 shares during the period. Allworth Financial LP’s holdings in Delta Air Lines were worth $6,156,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. First Financial Bank Trust Division boosted its stake in shares of Delta Air Lines by 3.3% in the 4th quarter. First Financial Bank Trust Division now owns 4,721 shares of the transportation company’s stock worth $328,000 after buying an additional 150 shares during the last quarter. LRI Investments LLC raised its position in Delta Air Lines by 3.4% in the fourth quarter. LRI Investments LLC now owns 4,644 shares of the transportation company’s stock worth $322,000 after acquiring an additional 154 shares during the period. JFS Wealth Advisors LLC grew its position in shares of Delta Air Lines by 25.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 794 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 161 shares during the period. Apella Capital LLC grew its holdings in Delta Air Lines by 4.6% during the fourth quarter. Apella Capital LLC now owns 3,717 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 164 shares during the period. Finally, Kaufman Rossin Wealth LLC raised its stake in shares of Delta Air Lines by 2.2% in the fourth quarter. Kaufman Rossin Wealth LLC now owns 8,593 shares of the transportation company’s stock valued at $596,000 after buying an additional 182 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Trading Down 1.8%

NYSE:DAL opened at $70.28 on Friday. The firm has a market capitalization of $46.17 billion, a P/E ratio of 10.24, a PEG ratio of 1.03 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36. Delta Air Lines, Inc. has a one year low of $45.28 and a one year high of $76.39. The company’s 50-day simple moving average is $66.94 and its 200 day simple moving average is $66.69.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. As a group, 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. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.1875 per share. The ex-dividend date is Thursday, May 14th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.1%. Delta Air Lines’s dividend payout ratio is presently 10.93%.

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.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 100,000 shares of Delta Air Lines stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $70.26, for a total value of $7,026,000.00. Following the completion of the sale, the chief executive officer owned 1,363,448 shares of the company’s stock, valued at approximately $95,795,856.48. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John E. Laughter sold 15,000 shares of the business’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total value of $1,074,150.00. Following the completion of the transaction, the executive vice president owned 54,369 shares of the company’s stock, valued at $3,893,364.09. This represents a 21.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 204,925 shares of company stock valued at $14,323,395 over the last 90 days. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

DAL has been the topic of several research analyst reports. Wolfe Research decreased their price target on shares of Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. TD Cowen raised their price target on Delta Air Lines from $76.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Seaport Research Partners raised their target price on shares of Delta Air Lines from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Susquehanna cut their price target on shares of Delta Air Lines from $81.00 to $78.00 and set a “positive” rating for the company in a research note on Thursday, April 9th. Finally, Bank of America decreased their price target on shares of Delta Air Lines from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. 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. According to data from MarketBeat.com, Delta Air Lines currently has an average rating of “Moderate Buy” and an average target price of $79.76.

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.