Cvfg LLC Takes Position in Delta Air Lines, Inc. $DAL

Cvfg LLC purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,000 shares of the transportation company’s stock, valued at approximately $1,330,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Flatrock Wealth Partners LLC bought a new position in Delta Air Lines during the first quarter worth about $235,000. Montag A & Associates Inc. increased its stake in shares of Delta Air Lines by 18.6% in the 1st quarter. Montag A & Associates Inc. now owns 2,550 shares of the transportation company’s stock valued at $170,000 after acquiring an additional 400 shares during the last quarter. Jackson Thornton Wealth Management LLC raised its position in shares of Delta Air Lines by 32.8% in the 1st quarter. Jackson Thornton Wealth Management LLC now owns 8,499 shares of the transportation company’s stock valued at $576,000 after acquiring an additional 2,098 shares during the period. Resonant Capital Advisors LLC acquired a new stake in shares of Delta Air Lines in the 1st quarter valued at approximately $253,000. Finally, Schear Investment Advisers LLC boosted its stake in Delta Air Lines by 1.9% during the 1st quarter. Schear Investment Advisers LLC now owns 38,024 shares of the transportation company’s stock worth $2,528,000 after acquiring an additional 719 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling

In related news, EVP Alain Bellemare sold 25,000 shares of the company’s stock in a transaction on 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 transaction, the executive vice president directly owned 95,025 shares of the company’s stock, valued at approximately $7,738,836. This represents a 20.83% 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 John E. Laughter sold 69,304 shares of Delta Air Lines stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $68.15, for a total value of $4,723,067.60. Following the completion of the sale, the executive vice president directly owned 69,369 shares in the company, valued at $4,727,497.35. This represents a 49.98% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 149,635 shares of company stock valued at $10,833,855. Company insiders own 0.80% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $88.60 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.42. Delta Air Lines, Inc. has a 52 week low of $49.83 and a 52 week high of $95.68. The company’s 50 day moving average price is $79.86 and its two-hundred day moving average price is $72.19. The company has a market capitalization of $58.21 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The company had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.05 billion. During the same quarter in the prior year, the company earned $0.46 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts expect that Delta Air Lines, Inc. will post 5.49 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The business 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 of this dividend is Thursday, July 9th. This represents a $0.86 annualized dividend and a yield of 1.0%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s payout ratio is presently 10.93%.

Key Headlines Impacting Delta Air Lines

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

• Positive Sentiment: Susquehanna raised its price target on Delta Air Lines to $108 from $78 and kept a positive view, while Morgan Stanley lifted its target to $115 and reiterated an overweight rating. Those higher targets suggest analysts see additional upside ahead of earnings.
• Positive Sentiment: Delta was added to the Russell 1000 Growth and Russell 3000 Growth indexes, which can bring incremental buying from index funds and increase visibility with growth-oriented investors.
• Positive Sentiment: Retail investors have been buying DAL ahead of the July 10 Q2 earnings release, reflecting speculation that the company could deliver another strong quarter.
• Positive Sentiment: Recent commentary highlighted Delta’s dividend increase and described the payout as sustainable, which may appeal to income-focused investors.
• Neutral Sentiment: Articles previewing Delta’s Q2 results and Wall Street metric estimates suggest investors are closely watching revenue, margins, and demand trends, but these pieces are mainly setting expectations rather than changing fundamentals.
• Negative Sentiment: A Delta flight was hit by fireworks during landing in Chicago, though it landed safely with no injuries and only minor paint damage. The incident is unlikely to have a material financial impact, but it highlights ongoing operational and safety risk.
• Negative Sentiment: Some market commentary noted DAL’s recent rally may be facing a “reality check” ahead of earnings, suggesting the stock could be vulnerable if the upcoming report fails to meet elevated expectations.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Delta Air Lines from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Monday. TD Cowen lifted their price target on shares of Delta Air Lines from $92.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. HSBC decreased their price target on shares of Delta Air Lines from $80.20 to $79.30 and set a “buy” rating for the company in a report on Thursday, April 9th. BNP Paribas Exane dropped their price objective on Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Finally, Wolfe Research reduced their target price on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Twenty-four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.60.

About Delta Air Lines

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.