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

KBC Group NV decreased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 11.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,618 shares of the transportation company’s stock after selling 9,814 shares during the period. KBC Group NV’s holdings in Delta Air Lines were worth $5,027,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC grew its stake in Delta Air Lines by 33.5% in the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock valued at $555,000 after purchasing an additional 2,302 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Delta Air Lines in the 1st quarter valued at approximately $178,000. Sivia Capital Partners LLC acquired a new stake in shares of Delta Air Lines in the 2nd quarter valued at approximately $555,000. Marshall Wace LLP grew its stake in shares of Delta Air Lines by 102.2% in the second quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company’s stock valued at $385,000 after buying an additional 357,825 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Delta Air Lines by 10.6% in the second quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company’s stock valued at $2,859,000 after buying an additional 5,564 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Trading Down 1.9%

Shares of Delta Air Lines stock opened at $81.92 on Friday. The business has a fifty day simple moving average of $83.50 and a two-hundred day simple moving average of $73.48. Delta Air Lines, Inc. has a 1 year low of $50.44 and a 1 year high of $95.68. The company has a market capitalization of $53.87 billion, a price-to-earnings ratio of 13.59, a P/E/G ratio of 1.05 and a beta of 1.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.42 and a quick ratio of 0.35.

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

Delta Air Lines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be paid a $0.215 dividend. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, July 9th. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. Delta Air Lines’s dividend payout ratio (DPR) is currently 14.26%.

Key Delta Air Lines News

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

Insider Activity

In other Delta Air Lines news, EVP Allison C. Ausband sold 9,710 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $76.00, for a total transaction of $737,960.00. Following the completion of the sale, the executive vice president directly owned 138,854 shares in the company, valued at $10,552,904. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Alain Bellemare sold 25,000 shares of the business’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 value of $2,036,000.00. Following the sale, the executive vice president 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 65,331 shares of company stock worth $5,036,638. Insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DAL shares. TD Cowen boosted their target price on shares of Delta Air Lines from $106.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Zacks Research upgraded shares of Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. JPMorgan Chase & Co. boosted their price objective on shares of Delta Air Lines from $85.00 to $114.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Jefferies Financial Group upped their target price on shares of Delta Air Lines from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Benchmark reiterated a “buy” rating on shares of Delta Air Lines in a research note on Wednesday, July 8th. Twenty-three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently 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.