ABC Arbitrage SA Invests $1.48 Million in Delta Air Lines, Inc. $DAL

ABC Arbitrage SA bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,265 shares of the transportation company’s stock, valued at approximately $1,476,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in Delta Air Lines by 23.3% in the third quarter. Bank of New York Mellon Corp now owns 7,661,911 shares of the transportation company’s stock worth $434,813,000 after acquiring an additional 1,447,058 shares in the last quarter. Wellington Management Group LLP increased its holdings 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 acquiring an additional 2,058,744 shares in the last quarter. LSV Asset Management increased its holdings in shares of Delta Air Lines by 1.3% during the third quarter. LSV Asset Management now owns 3,447,917 shares of the transportation company’s stock valued at $195,669,000 after acquiring an additional 42,878 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Delta Air Lines by 24.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,791,581 shares of the transportation company’s stock valued at $158,422,000 after purchasing an additional 550,480 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Delta Air Lines by 1.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,655,412 shares of the transportation company’s stock worth $150,735,000 after purchasing an additional 47,631 shares in the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines News Summary

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

• Positive Sentiment: Sanford C. Bernstein raised its price target on Delta Air Lines to $88 from $81 and reaffirmed an Outperform rating, citing Delta’s “fuel insulation” as a key advantage if oil prices stay elevated. Bernstein Hikes Delta Air Lines Price Target to $88 on Better Fuel Insulation
• Positive Sentiment: Delta continues to benefit from a constructive airline demand backdrop, with recent sector commentary pointing to stronger passenger demand and higher revenues across airlines, which can support pricing and earnings expectations for DAL. CPA to Report Q1 Earnings: What’s in Store for the Stock?
• Neutral Sentiment: Delta’s recent business results and industry comparisons remain broadly supportive, but the articles provided do not include a new Delta earnings release or fresh company-specific operational update in the last day.
• Negative Sentiment: U.S. airline stocks fell after oil prices surged when President Trump rejected Iran’s latest peace proposal, raising concerns about higher fuel costs for carriers like Delta. US airline stocks slip as oil surges after Trump rejects Iran peace proposal
• Negative Sentiment: Another market update echoed that airline shares were weaker as energy prices jumped, reinforcing near-term margin pressure concerns for Delta and peers. U.S. Airline Stocks Fall as Oil Prices Jump Following Trump’s Rejection of Iran Proposal
• Negative Sentiment: Industry commentary also highlighted soaring fuel costs across airlines, which can pressure profitability if carriers cannot fully pass those costs on to travelers. Airlines Face Soaring Fuel Costs. Travelers Are Paying More for Bags, Extras.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 100,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 1,363,448 shares of the company’s stock, valued at approximately $95,795,856.48. The trade was a 6.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Alain Bellemare sold 20,621 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $72.75, for a total value of $1,500,177.75. Following the completion of the sale, the executive vice president owned 120,025 shares in the company, valued at approximately $8,731,818.75. This represents a 14.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 204,925 shares of company stock valued at $14,323,395 over the last ninety days. Company insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DAL shares. Evercore reissued an “outperform” rating and set a $85.00 target price on shares of Delta Air Lines in a research report on Friday, April 17th. Seaport Research Partners lifted their price objective on shares of Delta Air Lines from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Sanford C. Bernstein lifted their price target on Delta Air Lines from $81.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday. Argus boosted their price target on Delta Air Lines from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Finally, HSBC cut their price objective on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating on the stock in a report on Thursday, April 9th. One investment 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $79.76.

Delta Air Lines Trading Down 3.0%

Shares of Delta Air Lines stock opened at $71.11 on Tuesday. The stock has a market cap of $46.72 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 1.08 and a beta of 1.25. The firm has a fifty day moving average price of $66.44 and a 200 day moving average price of $66.43. Delta Air Lines, Inc. has a 1 year low of $45.28 and a 1 year high of $76.39. 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 (NYSE:DAL) last posted its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The company had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.05 billion. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 earnings per share. Equities research analysts predict that Delta Air Lines, Inc. will post 5.3 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a $0.1875 dividend. 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%.

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.