16,000 Shares of Delta Air Lines, Inc. $DAL Bought by Maxi Investments CY Ltd

Key Points

• Maxi Investments CY Ltd acquired 16,000 Delta Air Lines shares worth approximately $1.335 million in the third quarter. Institutional investors collectively own 69.93% of DAL.
• Delta insiders sold 356,726 shares valued at about $33.1 million over the past three months, while corporate insiders retain only 0.80% of the company.
• Delta reported quarterly EPS of $1.72, slightly below the $1.77 consensus, on revenue of $17.59 billion. Analysts maintain a Moderate Buy consensus with an average price target of $99.65, and the company declared a $0.215 quarterly dividend.

Maxi Investments CY Ltd acquired a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,000 shares of the transportation company's stock, valued at approximately $1,335,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new stake in shares of Delta Air Lines in the 3rd quarter valued at about $207,000. Deltec Asset Management LLC lifted its position in shares of Delta Air Lines by 5.6% in the 3rd quarter. Deltec Asset Management LLC now owns 4,750 shares of the transportation company's stock worth $396,000 after purchasing an additional 250 shares during the period. Westover Capital Advisors LLC bought a new position in shares of Delta Air Lines during the third quarter valued at approximately $467,000. Apollon Wealth Management LLC boosted its stake in shares of Delta Air Lines by 17.3% during the third quarter. Apollon Wealth Management LLC now owns 19,212 shares of the transportation company's stock valued at $1,603,000 after purchasing an additional 2,832 shares in the last quarter. Finally, EULAV Asset Management boosted its stake in shares of Delta Air Lines by 48.3% during the third quarter. EULAV Asset Management now owns 69,748 shares of the transportation company's stock valued at $5,821,000 after purchasing an additional 22,717 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Alain Bellemare sold 35,000 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $92.72, for a total value of $3,245,200.00. Following the transaction, the executive vice president directly owned 95,025 shares of the company's stock, valued at approximately $8,810,718. This represents a 26.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven M. Sear sold 40,460 shares of the firm's stock in a transaction dated Wednesday, August 5th. The stock was 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 owned 104,404 shares of the company's stock, valued at approximately $9,766,994.20. The trade was a 27.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 356,726 shares of company stock worth $33,081,037 over the last three months. Corporate insiders own 0.80% of the company's stock.

Delta Air Lines Stock Up 3.2%

DAL stock opened at $79.23 on Tuesday. The firm has a 50 day moving average of $80.97 and a 200 day moving average of $76.48. The stock has a market capitalization of $52.13 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 1.37 and a beta of 1.34. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 0.42. Delta Air Lines, Inc. has a 52 week low of $55.03 and a 52 week high of $95.68.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings results on Friday, October 9th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.77 by ($0.05). Delta Air Lines had a return on equity of 16.83% and a net margin of 4.58%. The company had revenue of $17.59 billion during the quarter, compared to analysts' expectations of $17.64 billion. During the same period in the prior year, the business posted $1.71 EPS. The company's quarterly revenue was up 21.1% on a year-over-year basis. 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. Sell-side analysts forecast that Delta Air Lines, Inc. will post 5.32 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Thursday, October 15th will be paid a $0.2150 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. Delta Air Lines's dividend payout ratio (DPR) is 17.17%.

Analyst Ratings Changes

A number of brokerages recently commented on DAL. TD Cowen reduced their price objective on shares of Delta Air Lines from $105.00 to $101.00 and set a "buy" rating for the company in a research note on Friday, October 2nd. BMO Capital Markets increased their target price on Delta Air Lines from $100.00 to $105.00 and gave the company an "outperform" rating in a research report on Monday, October 12th. Wells Fargo & Company cut their price target on Delta Air Lines from $105.00 to $100.00 and set an "overweight" rating on the stock in a report on Tuesday, October 6th. Sanford C. Bernstein cut their price target on Delta Air Lines from $106.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, October 7th. Finally, Barclays reduced their price target on Delta Air Lines from $105.00 to $95.00 and set an "overweight" rating for the company in a research report on Friday, September 11th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $99.65.

Delta Air Lines Profile

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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