Mirae Asset Global Investments Co. Ltd. Purchases New Stake in Delta Air Lines, Inc. $DAL

Mirae Asset Global Investments Co. Ltd. purchased a new position in Delta Air Lines, Inc. (NYSE:DAL – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 153,175 shares of the transportation company’s stock, valued at approximately $12,784,000.

Other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its position in Delta Air Lines by 3.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 3,535 shares of the transportation company’s stock worth $331,000 after acquiring an additional 129 shares during the last quarter. Arlington Trust Co LLC boosted its stake in shares of Delta Air Lines by 11.7% during the second quarter. Arlington Trust Co LLC now owns 1,238 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 130 shares during the period. Guardian Wealth Advisors LLC NC boosted its stake in shares of Delta Air Lines by 3.5% during the second quarter. Guardian Wealth Advisors LLC NC now owns 3,900 shares of the transportation company’s stock valued at $365,000 after purchasing an additional 131 shares during the period. Founders Financial Securities LLC grew its holdings in shares of Delta Air Lines by 5.3% in the third quarter. Founders Financial Securities LLC now owns 2,675 shares of the transportation company’s stock worth $223,000 after purchasing an additional 135 shares during the last quarter. Finally, GoalVest Advisory LLC grew its holdings in shares of Delta Air Lines by 13.9% in the third quarter. GoalVest Advisory LLC now owns 1,187 shares of the transportation company’s stock worth $101,000 after purchasing an additional 145 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Edward Bastian sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $82.00, for a total value of $4,100,000.00. Following the completion of the transaction, the chief executive officer owned 1,313,448 shares in the company, valued at $107,702,736. This trade represents a 3.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DAL. Barclays decreased their price objective on shares of Delta Air Lines from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Friday, September 11th. Cantor Fitzgerald set a $101.00 target price on shares of Delta Air Lines in a report on Friday, October 2nd. Citigroup raised their target price on Delta Air Lines from $106.00 to $110.00 and gave the stock a “buy” rating in a research note on Sunday, July 12th. Seaport Research Partners restated a “buy” rating and set a $100.00 price target on shares of Delta Air Lines in a report on Monday, October 12th. Finally, Morgan Stanley upped their price target on Delta Air Lines from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Twenty-two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.65.

Check Out Our Latest Research Report on DAL

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $83.39 on Wednesday. Delta Air Lines, Inc. has a 1 year low of $55.03 and a 1 year high of $95.68. The stock has a market capitalization of $54.87 billion, a P/E ratio of 16.65, a P/E/G ratio of 1.49 and a beta of 1.43. The company’s 50-day moving average is $80.52 and its 200 day moving average is $76.85. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.40 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL – Get Free Report) last issued its quarterly earnings data on Friday, October 9th. The transportation company reported $1.72 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.05). The company 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 quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the business 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. On average, sell-side analysts expect that Delta Air Lines, Inc. will post 5.34 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th will be given a $0.2150 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. Delta Air Lines’s dividend payout ratio is currently 17.17%.

Delta Air Lines Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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