Aristides Capital LLC Has $9.53 Million Stock Holdings in Delta Air Lines, Inc. $DAL

Aristides Capital LLC increased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 14.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 143,418 shares of the transportation company’s stock after buying an additional 18,086 shares during the quarter. Delta Air Lines makes up about 1.6% of Aristides Capital LLC’s portfolio, making the stock its 8th largest position. Aristides Capital LLC’s holdings in Delta Air Lines were worth $9,534,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DAL. Mirae Asset Global Investments Co. Ltd. increased its stake in Delta Air Lines by 22.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,173 shares of the transportation company’s stock worth $7,438,000 after buying an additional 19,829 shares during the period. iA Global Asset Management Inc. boosted its position in Delta Air Lines by 53.2% in the 4th quarter. iA Global Asset Management Inc. now owns 92,142 shares of the transportation company’s stock valued at $6,395,000 after buying an additional 32,014 shares during the last quarter. Tredje AP fonden grew its stake in shares of Delta Air Lines by 1,563.4% during the fourth quarter. Tredje AP fonden now owns 466,797 shares of the transportation company’s stock valued at $32,396,000 after acquiring an additional 438,735 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Delta Air Lines by 154.8% during the fourth quarter. Teacher Retirement System of Texas now owns 192,384 shares of the transportation company’s stock valued at $13,351,000 after acquiring an additional 116,891 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Delta Air Lines by 12.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 223,170 shares of the transportation company’s stock worth $16,124,000 after acquiring an additional 24,952 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Delta Air Lines

In related news, EVP Allison C. Ausband sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total transaction of $395,000.00. Following the sale, the executive vice president directly owned 133,854 shares of the company’s stock, valued at approximately $10,574,466. This represents a 3.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president owned 95,025 shares in the company, valued at $7,738,836. This trade represents a 20.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 65,331 shares of company stock worth $5,036,638. Corporate insiders own 0.80% of the company’s stock.

Trending Headlines about Delta Air Lines

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

Delta Air Lines Stock Down 1.9%

NYSE:DAL opened at $81.92 on Friday. The company has a market capitalization of $53.87 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 1.05 and a beta of 1.29. Delta Air Lines, Inc. has a one year low of $50.44 and a one year high of $95.68. The stock has a 50-day simple moving average of $83.50 and a 200 day simple moving average of $73.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.35 and a current ratio of 0.42.

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

Delta Air Lines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders 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 is Thursday, July 9th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. Delta Air Lines’s dividend payout ratio (DPR) is presently 14.26%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wolfe Research cut their price target on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Benchmark restated a “buy” rating on shares of Delta Air Lines in a research note on Wednesday, July 8th. Evercore lifted their price objective on Delta Air Lines from $85.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Susquehanna upped their target price on Delta Air Lines from $78.00 to $108.00 and gave the company a “positive” rating in a research report on Tuesday, July 7th. Finally, Wells Fargo & Company increased their target price on Delta Air Lines from $75.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Twenty-three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.40.

Delta Air Lines Company 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.