KBC Group NV Has $5.03 Million Stake in Delta Air Lines, Inc. $DAL

KBC Group NV lowered its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 11.5% in the first quarter, HoldingsChannel.com reports. The firm owned 75,618 shares of the transportation company’s stock after selling 9,814 shares during the quarter. KBC Group NV’s holdings in Delta Air Lines were worth $5,027,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lloyd Advisory Services LLC. acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $31,000. SWAN Capital LLC grew its position in Delta Air Lines by 1,016.0% during the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after buying an additional 508 shares in the last quarter. Camelot Portfolios LLC bought a new position in Delta Air Lines during the 4th quarter worth $34,000. Cornerstone Planning Group LLC increased its stake in Delta Air Lines by 451.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock worth $34,000 after acquiring an additional 429 shares during the period. Finally, Byrne Asset Management LLC acquired a new position in Delta Air Lines in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Trending Headlines about Delta Air Lines

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

• Positive Sentiment: Delta’s recent business trends still appear constructive, with the company reporting strong quarterly revenue and continued demand strength in travel, and management also recently announced a five-year sustainable aviation fuel partnership with Shell that could support longer-term fuel strategy. Shell Signs Five Year SAF Deal With Delta Across Major U.S. Airports
• Neutral Sentiment: Peer airline earnings from Southwest and American Airlines showed that record or strong revenues and premium demand can offset some cost pressure, reinforcing the view that airline fundamentals are mixed but still resilient. Southwest Airlines Q2 Earnings Beat Estimates on Record Revenue Growth AAL Q2 Earnings Beat Estimates on Record Revenues, Premium Demand
• Negative Sentiment: Higher fuel costs remain the main stock pressure point, with American Airlines lowering its annual profit outlook after warning that swelling jet fuel costs could add $6 billion in 2026; that same sector-wide concern is weighing on DAL. Swelling jet fuel costs hit American Airlines outlook Delta Air Lines Slides as Fuel-Cost Concerns Pressure Airline Shares

Delta Air Lines Trading Down 1.9%

Shares of DAL opened at $81.92 on Friday. Delta Air Lines, Inc. has a 52-week low of $50.44 and a 52-week high of $95.68. The business’s fifty day moving average is $83.50 and its 200-day moving average is $73.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.35 and a current ratio of 0.42. The firm has a market cap of $53.87 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 1.05 and a beta of 1.29.

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

Delta Air Lines Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Thursday, July 9th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. This represents a $0.86 annualized dividend and a yield of 1.0%. Delta Air Lines’s payout ratio is presently 14.26%.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 25,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was 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 in the company, valued at approximately $7,738,836. This trade represents a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Allison C. Ausband sold 5,000 shares of Delta Air Lines stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $79.00, for a total value of $395,000.00. Following the sale, the executive vice president directly owned 133,854 shares in the company, valued at $10,574,466. The trade was a 3.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 65,331 shares of company stock worth $5,036,638. 0.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Argus set a $105.00 target price on Delta Air Lines in a research report on Tuesday, July 14th. TD Cowen boosted their price target on Delta Air Lines from $106.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Morgan Stanley upped their price objective on shares of Delta Air Lines from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Evercore increased 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 note on Thursday, June 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Delta Air Lines from $85.00 to $114.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Twenty-three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Delta Air Lines has a consensus rating of “Moderate Buy” and an average price target of $100.40.

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.