PFG Investments LLC has $374,000 in shares of Delta Air Lines, Inc. (NYSE:DAL)

VaselineSeptember 13, 2024

0 4 minutes read

PFG Investments LLC increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 4.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,884 shares of the transportation company’s stock after purchasing an additional 304 shares during the quarter. PFG Investments LLC’s holdings in Delta Air Lines were worth $374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have recently added to or reduced their stakes in DAL. Wellington Management Group LLP boosted its holdings in shares of Delta Air Lines by 220.2% in the fourth quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock worth $346,008,000 after purchasing an additional 5,914,301 shares during the last quarter. Capital International Investors boosted its stake in Delta Air Lines by 8.8% in the 4th quarter. Capital International Investors now owns 20,936,699 shares of the airline’s stock worth $842,283,000 after buying another 1,689,053 shares in the last quarter. Norges Bank acquired a new stake in Delta Air Lines during the fourth quarter valued at about $65,056,000. Royal London Asset Management Ltd. raised its stake in shares of Delta Air Lines by 27.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock valued at $260,198,000 after buying an additional 1,376,221 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Delta Air Lines by 96.1% in the first quarter. Russell Investments Group Ltd. now owns 2,487,387 shares of the transportation company’s stock valued at $119,057,000 after purchasing an additional 1,219,074 shares during the period. 69.93% of shares are currently owned by institutional investors.

Insider buying and selling

In other Delta Air Lines news, Director Willie Cw Chiang acquired 10,000 shares of the company’s stock in a transaction on Friday, July 12th. The shares were acquired at an average price of $43.90 per share, for a total transaction of $439,000.00. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $878,000. The transaction was disclosed in a filing with the SEC, which is available via this link. 0.96% of shares are currently held by corporate insiders.

Delta Air Lines Price Performance

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NYSE:DAL opened at $44.28 on Friday. Delta Air Lines, Inc. it has a twelve month low of $30.60 and a twelve month high of $53.86. The firm has a market cap of $28.57 billion, a price-to-earnings ratio of 6.37, a price-to-earnings-growth ratio of 0.93 and a beta of 1.34. The company has a quick ratio of 0.35, a current ratio of 0.40, and a debt-to-equity ratio of 1.21. The stock’s 50-day moving average is $42.29, and its two-hundred-day moving average is $46.07.

Delta Air Lines (NYSE:DAL – Get Your Free Report ) last released its earnings results on Thursday, July 11th. The transportation company reported $2.36 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.01). The firm had revenue of $15.41 billion for the quarter, compared to analyst estimates of $15.45 billion. Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. Delta Air Lines’s quarterly revenue was up 5.4% on a year-over-year basis. In the same quarter last year, the company posted earnings per share of $2.68. Equities research analysts expect that Delta Air Lines, Inc. to post 5.94 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, July 30th were paid a $0.15 dividend. This is an increase from Delta Air Lines’ previous quarterly dividend of $0.10. This represents an annualized dividend of $0.60 and a yield of 1.36%. The ex-dividend date of this dividend was Tuesday, July 30th. Delta Air Lines’ dividend payout ratio (DPR) is 8.63%.

Analysts set new price targets

A number of brokerages have recently commented on DAL. Citigroup raised their price objective on shares of Delta Air Lines from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. TD Cowen decreased their price target on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Jefferies Financial Group cut their price target on Delta Air Lines from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Finally, Sanford C. Bernstein decreased their price objective on Delta Air Lines from $66.00 to $62.00 and set an “outperform” rating for the company in a report on Friday, 12 July. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $60.70.

Get the latest stock report on DAL

Delta Air Lines profile

(Free Report)

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo within the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network focused on major hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub locations in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and an international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon and Tokyo.