Dana Investment Advisors Inc. Sells 11,740 Shares of Delta Air Lines, Inc. $DAL

Dana Investment Advisors Inc. decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 201,683 shares of the transportation company’s stock after selling 11,740 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Delta Air Lines were worth $13,997,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DAL. Wellington Management Group LLP grew its stake in shares of Delta Air Lines by 54.8% during the third quarter. Wellington Management Group LLP now owns 5,817,783 shares of the transportation company’s stock valued at $330,159,000 after buying an additional 2,058,744 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Delta Air Lines by 23.3% during the third quarter. Bank of New York Mellon Corp now owns 7,661,911 shares of the transportation company’s stock valued at $434,813,000 after buying an additional 1,447,058 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Delta Air Lines by 16,044.7% during the third quarter. Marshall Wace LLP now owns 1,263,320 shares of the transportation company’s stock valued at $71,693,000 after buying an additional 1,255,495 shares during the last quarter. Lansdowne Partners UK LLP grew its stake in shares of Delta Air Lines by 47.0% during the third quarter. Lansdowne Partners UK LLP now owns 2,284,257 shares of the transportation company’s stock valued at $129,632,000 after buying an additional 730,368 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Delta Air Lines by 24.6% during the third quarter. Allianz Asset Management GmbH now owns 2,791,581 shares of the transportation company’s stock valued at $158,422,000 after buying an additional 550,480 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In other news, CEO Edward H. Bastian sold 100,000 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $70.26, for a total transaction of $7,026,000.00. Following the completion of the sale, the chief executive officer owned 1,363,448 shares in the company, valued at approximately $95,795,856.48. This represents a 6.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John E. Laughter sold 15,000 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $71.61, for a total value of $1,074,150.00. Following the sale, the executive vice president 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 204,925 shares of company stock valued at $14,323,395. 0.80% of the stock is currently owned by corporate insiders.

More 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 Stock Down 1.8%

Shares of NYSE DAL opened at $70.28 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $46.17 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25. The stock’s fifty day simple moving average is $66.94 and its two-hundred day simple moving average is $66.69. Delta Air Lines, Inc. has a 12-month low of $45.28 and a 12-month high of $76.39.

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 the consensus estimate of $0.61 by $0.03. The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.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 EPS. As a group, analysts expect that Delta Air Lines, Inc. will post 5.26 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders 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 yield of 1.1%. The ex-dividend date of this dividend is Thursday, May 14th. Delta Air Lines’s dividend payout ratio (DPR) is 10.93%.

Analysts Set New Price Targets

Several brokerages recently issued reports on DAL. Dbs Bank raised Delta Air Lines to a “moderate buy” rating in a research note on Monday, January 19th. Wolfe Research dropped their price objective on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. UBS Group increased their price objective on Delta Air Lines from $86.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Zacks Research raised Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Finally, Bank of America dropped their price objective on Delta Air Lines from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.76.

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.