Calamos Wealth Management LLC Takes Position in Delta Air Lines, Inc. $DAL

Calamos Wealth Management LLC acquired a new position in Delta Air Lines, Inc. (NYSE:DAL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,143 shares of the transportation company’s stock, valued at approximately $475,000.

Several other large investors have also made changes to their positions in DAL. IFM Investors Pty Ltd increased its position in Delta Air Lines by 0.5% in the 4th quarter. IFM Investors Pty Ltd now owns 28,167 shares of the transportation company’s stock worth $1,955,000 after buying an additional 144 shares during the period. Utah Retirement Systems boosted its position in shares of Delta Air Lines by 0.3% in the fourth quarter. Utah Retirement Systems now owns 52,620 shares of the transportation company’s stock valued at $3,652,000 after acquiring an additional 144 shares during the period. First Financial Bank Trust Division grew its stake in shares of Delta Air Lines by 3.3% in the fourth quarter. First Financial Bank Trust Division now owns 4,721 shares of the transportation company’s stock worth $328,000 after acquiring an additional 150 shares during the last quarter. HBK Sorce Advisory LLC grew its stake in shares of Delta Air Lines by 2.6% in the fourth quarter. HBK Sorce Advisory LLC now owns 6,022 shares of the transportation company’s stock worth $454,000 after acquiring an additional 151 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in Delta Air Lines by 2.4% during the fourth quarter. Larson Financial Group LLC now owns 6,472 shares of the transportation company’s stock worth $449,000 after acquiring an additional 152 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Seaport Research Partners upped their target price on shares of Delta Air Lines from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Bank of America boosted their price objective on shares of Delta Air Lines from $93.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Benchmark reaffirmed a “buy” rating on shares of Delta Air Lines in a research report on Wednesday, July 8th. TD Cowen increased their target price on shares of Delta Air Lines from $106.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Evercore lifted their target price on Delta Air Lines from $85.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Twenty-three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Delta Air Lines currently has a consensus rating of “Moderate Buy” and an average price target of $100.40.

Delta Air Lines News Roundup

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.

Insider Activity at Delta Air Lines

In other news, EVP Alain Bellemare sold 25,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 95,025 shares in the company, valued at approximately $7,738,836. This represents a 20.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $79.00, for a total value of $395,000.00. Following the transaction, the executive vice president owned 133,854 shares of the company’s stock, valued at $10,574,466. This trade represents a 3.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 65,331 shares of company stock worth $5,036,638. Corporate insiders own 0.80% of the company’s stock.

Delta Air Lines Trading Down 0.8%

Shares of DAL stock opened at $85.48 on Wednesday. The firm has a fifty day moving average of $81.76 and a 200-day moving average of $72.76. The stock has a market cap of $56.22 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 1.06 and a beta of 1.29. Delta Air Lines, Inc. has a 52-week low of $50.44 and a 52-week high of $95.68. 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 issued its earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.07. The business had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.43 billion. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.10 EPS. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 6.7 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

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

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.