15,650 Shares in Delta Air Lines, Inc. $DAL Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 15,650 shares of the transportation company’s stock, valued at approximately $1,040,000.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Delta Air Lines by 137.4% in the 4th quarter. Wellington Management Group LLP now owns 13,811,787 shares of the transportation company’s stock worth $958,538,000 after acquiring an additional 7,994,004 shares in the last quarter. Life Cycle Investment Partners Ltd bought a new stake in shares of Delta Air Lines during the 4th quarter valued at about $471,532,000. Pacer Advisors Inc. grew its stake in Delta Air Lines by 1,579.2% during the fourth quarter. Pacer Advisors Inc. now owns 2,673,400 shares of the transportation company’s stock worth $185,534,000 after purchasing an additional 2,514,193 shares during the period. AQR Capital Management LLC increased its holdings in Delta Air Lines by 44.3% in the fourth quarter. AQR Capital Management LLC now owns 6,155,776 shares of the transportation company’s stock worth $426,441,000 after purchasing an additional 1,890,521 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Delta Air Lines by 23.9% in the fourth quarter. Bank of New York Mellon Corp now owns 9,496,296 shares of the transportation company’s stock valued at $659,043,000 after buying an additional 1,834,385 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

DAL stock opened at $91.70 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.42. The business has a 50-day simple moving average of $78.99 and a two-hundred day simple moving average of $71.91. The company has a market capitalization of $60.25 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 1.39 and a beta of 1.29. Delta Air Lines, Inc. has a 52-week low of $49.19 and a 52-week high of $95.68.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. The firm had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share. Research analysts expect that Delta Air Lines, Inc. will post 5.47 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, July 9th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.93%.

Analyst Ratings Changes

Several brokerages have recently commented on DAL. BNP Paribas Exane reduced their price objective on shares of Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating for the company in a research report on Tuesday, April 21st. Citigroup increased their target price on shares of Delta Air Lines from $79.00 to $106.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. The Goldman Sachs Group raised their price target on shares of Delta Air Lines from $80.00 to $116.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group lifted their price target on shares of Delta Air Lines from $98.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Evercore upped their price objective on shares of Delta Air Lines from $85.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Twenty-four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Delta Air Lines has a consensus rating of “Moderate Buy” and a consensus price target of $93.60.

Trending Headlines about Delta Air Lines

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

• Positive Sentiment: Susquehanna raised its price target on Delta Air Lines to $108 from $78 and maintained a positive rating, implying meaningful upside from current levels. Susquehanna Raises Delta Air Lines Price Target to $108
• Positive Sentiment: Morgan Stanley also lifted its target to $115 from $105 and kept an overweight rating, signaling continued Wall Street confidence in Delta’s earnings and travel demand outlook. Morgan Stanley Raises Delta Air Lines Price Target to $115
• Positive Sentiment: Delta is heading into Q2 earnings with bullish commentary around a potentially strong summer travel season, which could become a near-term catalyst if results and guidance beat expectations. Delta Air Lines Is About to Report Q2 Earnings. Here’s Why This Could Be Its Biggest Summer Yet.
• Neutral Sentiment: Delta was added to the Russell 1000, which can improve index visibility and passive fund ownership, but is usually a modest longer-term factor rather than an immediate earnings driver. What Does Russell 1000 Inclusion Mean for Delta Air Lines
• Neutral Sentiment: Broader market strength and a calmer economic backdrop may be supporting airline shares, but that effect is not specific to Delta. Review & Preview: Monday Mojo
• Negative Sentiment: Some traders are taking profits after Delta’s strong run, and one report said the stock slipped premarket as Wall Street’s optimism faced a reality check ahead of earnings. DAL Stock Slips Premarket: Delta Airlines’ Rally Faces Wall Street Reality Check Ahead Of Earnings
• Negative Sentiment: Despite lower jet-fuel prices, airlines are not cutting fares much, suggesting pricing remains competitive and limiting the margin benefit investors might have expected. Jet-Fuel Prices Have Plunged but Aren’t Resulting in Much Lower Fares

Insider Transactions at Delta Air Lines

In other news, EVP Alain Bellemare sold 25,000 shares of the stock in a transaction dated 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 owned 95,025 shares in the company, valued at $7,738,836. This represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Allison C. Ausband sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $79.00, for a total transaction of $395,000.00. Following the transaction, 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. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 149,635 shares of company stock worth $10,833,855 in the last quarter. 0.80% of the stock is currently owned by corporate insiders.

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.