Chicago Partners Investment Group LLC Grows Position in Delta Air Lines, Inc. $DAL

Chicago Partners Investment Group LLC lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 39.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,707 shares of the transportation company’s stock after purchasing an additional 8,111 shares during the period. Chicago Partners Investment Group LLC’s holdings in Delta Air Lines were worth $1,964,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DAL. Lloyd Advisory Services LLC. bought a new stake in shares of Delta Air Lines during the 4th quarter worth $31,000. SWAN Capital LLC lifted its position 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 buying an additional 508 shares during the last quarter. Camelot Portfolios LLC bought a new position in Delta Air Lines during the fourth quarter worth about $34,000. Cornerstone Planning Group LLC boosted its holdings in Delta Air Lines by 451.6% in the 4th quarter. Cornerstone Planning Group LLC now owns 524 shares of the transportation company’s stock worth $34,000 after buying an additional 429 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Delta Air Lines in the third quarter worth $35,000. Institutional investors own 69.93% of the company’s stock.

Insider Activity

In other Delta Air Lines news, EVP Alain Bellemare sold 25,000 shares of the company’s 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 sale, the executive vice president owned 95,025 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Also, EVP Allison C. Ausband sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $10,574,466. This represents a 3.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 65,331 shares of company stock worth $5,036,638 in the last three months. 0.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DAL. Weiss Ratings restated a “hold (c)” rating on shares of Delta Air Lines in a research report on Tuesday, July 7th. Susquehanna upped their price objective on Delta Air Lines from $78.00 to $108.00 and gave the stock a “positive” rating in a report on Tuesday, July 7th. Argus set a $105.00 price target on shares of Delta Air Lines in a research note on Tuesday. Zacks Research upgraded shares of Delta Air Lines from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, Benchmark reaffirmed a “buy” rating on shares of Delta Air Lines in a research note on Wednesday, July 8th. Twenty-three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.40.

Delta Air Lines News Summary

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

• Positive Sentiment: TD Cowen raised its price target on Delta to $112 and reiterated a buy rating, highlighting further upside after the airline’s strong quarterly performance.
• Positive Sentiment: JPMorgan also lifted its price target to $114 and kept an overweight rating, reflecting growing analyst confidence in Delta’s earnings outlook.
• Positive Sentiment: Multiple reports pointed to healthy travel demand, premium cabin strength, and resilient cash flow, suggesting Delta can keep growing revenue even in a higher-cost environment. Article Title
• Positive Sentiment: Delta said cheaper jet fuel may not translate into lower airfares, implying pricing power could remain intact and margins may stay supported. Article Title
• Neutral Sentiment: Several coverage pieces framed Delta as a value or momentum stock trading at a reasonable valuation, but these are more confirmation than a new catalyst.
• Negative Sentiment: Rising geopolitical tensions in Iran were flagged as a potential headwind for airline stocks because they could pressure fuel prices and create turbulence for travel demand. Article Title
• Negative Sentiment: Fuel costs remain a key risk, with Delta noting a sharp jump in fuel expense during the quarter, which could keep margin pressure in focus if energy prices rise again.

Delta Air Lines Stock Down 0.8%

Shares of Delta Air Lines stock opened at $85.48 on Wednesday. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $81.76 and its two-hundred day simple moving average is $72.76. The company has a market cap of $56.22 billion, a P/E ratio of 14.18, a PEG ratio of 1.06 and a beta of 1.29. Delta Air Lines, Inc. has a 12-month low of $50.44 and a 12-month high of $95.68.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 9th. The transportation company reported $1.56 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was up 18.7% compared to the same quarter last year. During the same period last year, the company posted $2.10 EPS. Research analysts anticipate that Delta Air Lines, Inc. will post 6.7 EPS for the current year.

Delta Air Lines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Thursday, July 9th. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.19. This represents a $0.86 annualized dividend and a yield of 1.0%. Delta Air Lines’s payout ratio is presently 14.26%.

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.