Delta Air Lines, Inc. $DAL Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 85.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,774 shares of the transportation company’s stock after selling 519,570 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Delta Air Lines were worth $5,769,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Diversified Trust Co increased its position in shares of Delta Air Lines by 8.9% in the 1st quarter. Diversified Trust Co now owns 4,976 shares of the transportation company’s stock worth $331,000 after purchasing an additional 407 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Delta Air Lines by 31.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 532,690 shares of the transportation company’s stock valued at $36,969,000 after purchasing an additional 126,566 shares in the last quarter. World Investment Advisors lifted its position in shares of Delta Air Lines by 16.8% during the fourth quarter. World Investment Advisors now owns 14,957 shares of the transportation company’s stock worth $1,038,000 after purchasing an additional 2,147 shares during the last quarter. PeakShares LLC bought a new position in shares of Delta Air Lines during the fourth quarter worth about $181,000. Finally, Corient Private Wealth LLC grew its stake in Delta Air Lines by 29.3% in the fourth quarter. Corient Private Wealth LLC now owns 189,365 shares of the transportation company’s stock worth $13,142,000 after purchasing an additional 42,895 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

More Delta Air Lines News

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

• Positive Sentiment: Bank of America raised its price target on Delta Air Lines to $93 from $78 and reiterated a buy rating, signaling confidence in upside from current levels. Article: Bank of America raises Delta price target
• Positive Sentiment: Argus also boosted its price target on DAL to $100 from $85 and maintained a buy rating, reinforcing the bullish analyst outlook. Article: Argus raises Delta price target
• Positive Sentiment: Delta shareholders backed the existing board and governance structure at the annual meeting, reducing uncertainty around corporate oversight. Article: Delta shareholders back board, governance status quo
• Positive Sentiment: Delta approved a 15% increase in its quarterly dividend, a sign management is confident in cash generation and financial strength. Article: Delta lifts dividend 15% while upgrading 737s
• Positive Sentiment: Berkshire Hathaway disclosed a new large position in Delta Air Lines, adding an influential long-term investor to the shareholder base. Article: Berkshire buys Delta stake

Insider Activity at Delta Air Lines

In related news, EVP John E. Laughter sold 69,304 shares of the company’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $68.15, for a total transaction of $4,723,067.60. Following the completion of the transaction, the executive vice president directly owned 69,369 shares in the company, valued at $4,727,497.35. This represents a 49.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the transaction, the executive vice president directly owned 95,025 shares of the company’s stock, valued at approximately $7,738,836. This trade represents a 20.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 149,635 shares of company stock worth $10,833,855 in the last 90 days. 0.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DAL has been the subject of several research analyst reports. TD Cowen boosted their price objective on Delta Air Lines from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Argus increased their target price on Delta Air Lines from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company decreased their target price on Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Bank of America boosted their price target on Delta Air Lines from $78.00 to $93.00 and gave the company a “buy” rating in a report on Monday. Finally, Zacks Research raised Delta Air Lines from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.30.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $86.12 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54. Delta Air Lines, Inc. has a fifty-two week low of $45.28 and a fifty-two week high of $87.39. The firm has a 50-day simple moving average of $75.05 and a 200 day simple moving average of $70.44. The company has a market cap of $56.58 billion, a PE ratio of 12.55, a P/E/G ratio of 1.16 and a beta of 1.30.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.05 billion. During the same quarter last year, the company posted $0.46 earnings per share. Delta Air Lines’s revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 5.52 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 issued a $0.215 dividend. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. Delta Air Lines’s dividend payout ratio (DPR) is 10.93%.

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.