Payden & Rygel purchased a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 153,360 shares of the transportation company’s stock, valued at approximately $12,799,000.
Other large investors also recently modified their holdings of the company. Markowski Investments purchased a new position in shares of Delta Air Lines during the second quarter valued at about $27,000. Timbuktu Capital Management LLC purchased a new stake in shares of Delta Air Lines in the second quarter worth about $31,000. Elevation Wealth Partners LLC lifted its position in shares of Delta Air Lines by 195.9% in the second quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company’s stock worth $34,000 after buying an additional 237 shares in the last quarter. Pension & Wealth Management Advisors Inc. bought a new position in Delta Air Lines during the third quarter valued at approximately $44,000. Finally, Atlas Wealth LLC bought a new position in Delta Air Lines during the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Morgan Stanley lifted their price objective on Delta Air Lines from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Zacks Research downgraded Delta Air Lines from a “hold” rating to a “strong sell” rating in a research report on Monday, September 28th. Sanford C. Bernstein cut their target price on shares of Delta Air Lines from $106.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, October 7th. Cantor Fitzgerald set a $101.00 target price on shares of Delta Air Lines in a report on Friday, October 2nd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Delta Air Lines in a research report on Monday, August 3rd. Twenty-two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.65.
Check Out Our Latest Analysis on DAL
Insider Transactions at Delta Air Lines
In related news, Director Michael P. Huerta sold 3,100 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $94.11, for a total transaction of $291,741.00. Following the completion of the transaction, the director owned 32,525 shares in the company, valued at $3,060,927.75. The trade was a 8.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven M. Sear sold 40,460 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $93.55, for a total value of $3,785,033.00. Following the completion of the transaction, the executive vice president directly owned 104,404 shares in the company, valued at $9,766,994.20. This trade represents a 27.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 406,726 shares of company stock valued at $37,181,037. Company insiders own 0.80% of the company’s stock.
Delta Air Lines Price Performance
DAL stock opened at $80.07 on Friday. Delta Air Lines, Inc. has a 12 month low of $55.03 and a 12 month high of $95.68. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $80.48 and a 200 day moving average price of $76.71. The stock has a market cap of $52.68 billion, a PE ratio of 15.98, a P/E/G ratio of 1.46 and a beta of 1.34.
Delta Air Lines (NYSE:DAL – Get Free Report) last posted its quarterly earnings data on Friday, October 9th. The transportation company reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.05). The firm had revenue of $17.59 billion during the quarter, compared to analysts’ expectations of $17.64 billion. Delta Air Lines had a return on equity of 16.83% and a net margin of 4.58%. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period last year, the company earned $1.71 earnings per share. Delta Air Lines has set its Q4 2026 guidance at 1.150-1.650 EPS and its FY 2026 guidance at 5.100-5.600 EPS. Equities research analysts anticipate that Delta Air Lines, Inc. will post 5.34 earnings per share for the current year.
Delta Air Lines Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.2150 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. Delta Air Lines’s dividend payout ratio is currently 17.17%.
About Delta Air Lines
Delta Air Lines, Inc is a major U.S. airline headquartered in Atlanta, Georgia. The company provides scheduled passenger air transportation to destinations across the United States and international markets, including Europe, Latin America, Asia, Canada, Africa and the Caribbean. Delta operates through a network of hubs and focus cities, offering service under the Delta brand and through regional partners operating as Delta Connection.
In addition to passenger flights, Delta provides air cargo transportation and related logistics services.
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