Arista Wealth Management LLC Has $329,000 Holdings in Delta Air Lines, Inc. $DAL

Arista Wealth Management LLC reduced its position in Delta Air Lines, Inc. (NYSE:DAL) by 68.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,744 shares of the transportation company’s stock after selling 10,477 shares during the period. Arista Wealth Management LLC’s holdings in Delta Air Lines were worth $329,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. AlphaQuest LLC increased its holdings in shares of Delta Air Lines by 90.6% during the 3rd quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 211 shares during the last quarter. Accredited Wealth Management LLC increased its holdings in shares of Delta Air Lines by 1,983.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 476 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of Delta Air Lines during the 4th quarter valued at about $31,000. SWAN Capital LLC increased its holdings in shares of Delta Air Lines by 1,016.0% during the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 508 shares during the last quarter. Finally, Camelot Portfolios LLC bought a new stake in Delta Air Lines during the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Key Delta Air Lines News

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

• Positive Sentiment: TD Cowen raised its price target on Delta Air Lines (DAL) from $84 to $92 and reiterated a buy rating, signaling stronger confidence in the stock’s upside potential. TD Cowen price target update
• Positive Sentiment: Delta shares have also benefited from improving sentiment across airline stocks as oil prices retreated, which can ease fuel-cost pressure and improve airline margins. Airline stocks rally as oil retreats
• Positive Sentiment: Delta continues to attract favorable commentary after recent reports highlighted analyst upgrades and target increases, helping support the stock’s upward move. Delta stock is up, what you need to know
• Neutral Sentiment: CEO Ed Bastian defended Delta’s choice of Amazon’s in-flight Wi-Fi service over SpaceX Starlink, a strategic decision that could matter competitively but is not an immediate earnings driver. Delta Amazon Wi-Fi article
• Negative Sentiment: Two Delta executives sold shares this week, including EVP Allison Ausband and EVP Alain Bellemare, which can weigh on sentiment even if insider sales are not always a fundamental warning sign. Ausband SEC filing Bellemare SEC filing

Analyst Ratings Changes

DAL has been the subject of several recent analyst reports. BNP Paribas Exane decreased their target price on Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating for the company in a research note on Tuesday, April 21st. Sanford C. Bernstein raised their price objective on Delta Air Lines from $81.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Seaport Research Partners raised their price objective on Delta Air Lines from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Rothschild & Co Redburn reduced their price objective on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Finally, Evercore reiterated an “outperform” rating and issued a $85.00 price objective on shares of Delta Air Lines in a research report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.22.

Insider Activity

In other news, EVP John E. Laughter sold 15,000 shares of Delta Air Lines stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $71.61, for a total value of $1,074,150.00. Following the completion of the sale, the executive vice president directly owned 54,369 shares of the company’s stock, valued at approximately $3,893,364.09. This trade represents a 21.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total value of $2,036,000.00. Following the completion of the sale, the executive vice president directly owned 95,025 shares of the company’s stock, valued at $7,738,836. This trade represents a 20.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 149,635 shares of company stock valued at $10,833,855. Company insiders own 0.80% of the company’s stock.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $82.54 on Friday. The business has a 50 day simple moving average of $69.78 and a 200 day simple moving average of $67.89. Delta Air Lines, Inc. has a one year low of $45.28 and a one year high of $83.75. The company has a market capitalization of $54.23 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.18 and a beta of 1.25. 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 released its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The firm had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.05 billion. During the same period last year, the firm posted $0.46 EPS. The business’s revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts forecast that Delta Air Lines, Inc. will post 5.26 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 14th. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.93%.

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.