During the last session, Delta Air Lines, Inc. (NYSE:DAL)’s traded shares were 10.6 million, with the beta value of the company hitting 1.43. At the end of the trading day, the stock’s price was $45.88, reflecting an intraday loss of -1.48% or -$0.69. The 52-week high for the DAL share is $49.81, that puts it down -8.57 from that peak though still a striking 33.3% gain since the share price plummeted to a 52-week low of $30.60. The company’s market capitalization is $29.52B, and the average intraday trading volume over the past 10 days was 10.12 million shares, and the average trade volume was 10.31 million shares over the past three months.

Delta Air Lines, Inc. (NYSE:DAL) trade information

Delta Air Lines, Inc. (DAL) registered a -1.48% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.48% in intraday trading to $45.88, hitting a weekly high. The stock’s 5-day price performance is -3.02%, and it has moved by 9.76% in 30 days. Based on these gigs, the overall price performance for the year is 33.41%. The short interest in Delta Air Lines, Inc. (NYSE:DAL) is 16.1 million shares and it means that shorts have 1.87 day(s) to cover.

Delta Air Lines, Inc. (DAL) estimates and forecasts

Statistics show that Delta Air Lines, Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Delta Air Lines, Inc. (DAL) shares have gone up 30.19% during the last six months, with a year-to-date growth rate more than the industry average at 4.32% against -2.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 40.00% this quarter and then drop -14.90% in the quarter after that. In the rating firms’ projections, revenue will increase 4.20% compared to the previous financial year.

Revenue for the current quarter is expected to be $12.54 billion as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to $15.23 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $11.84 billion and $14.61 billion respectively. In this case, analysts expect current quarter sales to grow by 5.90% and then jump by 4.20% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 4.80%. While earnings are projected to return 3.08% in 2024, the next five years will return 20.12% per annum.

DAL Dividends

Delta Air Lines, Inc. is due to release its next quarterly earnings on April 10. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Delta Air Lines, Inc. is 0.30, with the dividend yield indicating at 0.65 percent, continuing the trend of increasing dividends in recent years.

Delta Air Lines, Inc. (NYSE:DAL)’s Major holders

Delta Air Lines, Inc. insiders own 0.34% of total outstanding shares while institutional holders control 70.37%, with the float percentage being 70.61%. Vanguard Group Inc is the largest shareholder of the company, while 1,368 institutions own stock in it. As of Jun 29, 2023, the company held over 72.47 million shares (or 11.26% of all shares), a total value of $3.45 billion in shares.

The next largest institutional holding, with 39.89 million shares, is of Blackrock Inc.’s that is approximately 6.20% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $1.9 billion.

Also, the Mutual Funds coming in first place with the largest holdings of Delta Air Lines, Inc. (DAL) shares are Vanguard Total Stock Market Index Fund and Growth Fund Of America Inc. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 20.11 million shares. This amounts to just over 3.13 percent of the company’s overall shares, with a $956.03 million market value. The same data shows that the other fund manager holds slightly less at 15.73 million, or about 2.44% of the stock, which is worth about $747.66 million.