Evolve Private Wealth LLC Purchases Shares of 70,822 Delta Air Lines, Inc. $DAL

Evolve Private Wealth LLC acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 70,822 shares of the transportation company’s stock, valued at approximately $4,915,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lloyd Advisory Services LLC. acquired a new position in Delta Air Lines in the fourth quarter valued at $31,000. Camelot Portfolios LLC acquired a new stake in Delta Air Lines during the fourth quarter worth about $34,000. Accredited Wealth Management LLC raised its holdings in shares of Delta Air Lines by 1,983.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after purchasing an additional 476 shares during the period. Byrne Asset Management LLC acquired a new position in shares of Delta Air Lines in the 4th quarter valued at about $35,000. Finally, Beacon Financial Strategies CORP purchased a new stake in shares of Delta Air Lines during the 4th quarter worth about $36,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Susquehanna dropped their target price on shares of Delta Air Lines from $81.00 to $78.00 and set a “positive” rating for the company in a research report on Thursday, April 9th. Weiss Ratings lowered shares of Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. Argus raised their target price on shares of Delta Air Lines from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Raymond James Financial upped their price target on shares of Delta Air Lines from $76.00 to $80.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 9th. Finally, Wolfe Research lowered their price target on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of “Moderate Buy” and an average price target of $81.05.

Delta Air Lines Trading Down 1.2%

DAL opened at $82.11 on Thursday. The firm’s 50 day moving average is $74.00 and its 200-day moving average is $70.01. Delta Air Lines, Inc. has a 52-week low of $45.28 and a 52-week high of $87.39. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $53.94 billion, a P/E ratio of 11.97, a P/E/G ratio of 1.17 and a beta of 1.30.

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 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 business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.05 billion. During the same period in the prior year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts expect that Delta Air Lines, Inc. will post 5.37 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 14th. Delta Air Lines’s payout ratio is presently 10.93%.

Insider Buying and Selling

In other Delta Air Lines news, EVP John E. Laughter sold 69,304 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $68.15, for a total value of $4,723,067.60. Following the transaction, the executive vice president directly owned 69,369 shares of the company’s stock, valued at $4,727,497.35. This represents a 49.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 95,025 shares of the company’s stock, valued at $7,738,836. The trade was a 20.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 149,635 shares of company stock worth $10,833,855. 0.80% of the stock is currently owned by corporate insiders.

Key Delta Air Lines News

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

• Positive Sentiment: Bernstein reportedly raised its outlook on Delta, adding to a wave of favorable analyst attention that could support the stock by reinforcing expectations for earnings upside. Delta Air Lines To Rally Around 12%? Here Are 10 Top Analyst Forecasts For Wednesday
• Positive Sentiment: Delta said it will install VCT finlets across 240 Boeing 737NG aircraft, a move aimed at improving fuel efficiency and lowering operating costs over time. Delta Advances Fleet Efficiency with VCT Finlets Across 737NG Fleet
• Positive Sentiment: Reports that crude oil prices may fall if geopolitical tensions ease are constructive for airlines like Delta because jet fuel is a major expense and cheaper fuel can widen margins. 3 Stocks to Watch If the Strait of Hormuz Reopens
• Positive Sentiment: Delta was cleared by the U.S. Department of Transportation for its handling of the 2024 global IT outage, removing a potential regulatory overhang. Delta Air Lines is cleared by the DOT for how it handled the 2024 global IT outage
• Neutral Sentiment: Recent coverage also noted Delta’s quarter in the context of broader travel-sector earnings, but that piece appears more like benchmark commentary than a new stock-moving catalyst. Consumer Discretionary – Travel and Vacation Providers Stocks Q1 Results: Benchmarking Delta (NYSE:DAL)
• Neutral Sentiment: News that Spirit Airlines may make a comeback is mostly an industry headline and is not clearly a direct near-term driver for Delta’s shares. After Chapter 11 shutdown, Spirit Airlines may make a comeback
• Negative Sentiment: Bloomberg reported Delta may drop Safran as a supplier for new business-class suites after supply-chain and regulatory delays, which could signal execution risk around premium-cabin rollout plans. Delta Air Lines (DAL) Might Drop Safran SA, Reports Bloomberg

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.