56,006 Shares of Delta Air Lines, Inc. $DAL Bought by Fulcrum Asset Management LLP

Key Points

• Fulcrum Asset Management initiated a Delta Air Lines position, buying 56,006 shares worth approximately $4.75 million in the third quarter. Institutional investors collectively own about 69.9% of the stock.
• Delta’s latest quarter showed revenue growth of 21.1% year over year, but earnings per share of $1.72 and revenue of $17.59 billion both fell slightly short of analyst expectations.
• Analysts’ average rating is Moderate Buy, with an average price target of $99.65. Meanwhile, company insiders sold a combined 122,950 shares worth about $10.5 million over the past 90 days.

Fulcrum Asset Management LLP bought a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 56,006 shares of the transportation company's stock, valued at approximately $4,753,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of DAL. Bank of New York Mellon Corp acquired a new stake in Delta Air Lines in the 2nd quarter valued at approximately $1,182,646,000. Pacer Advisors Inc. boosted its position in Delta Air Lines by 50.9% during the 1st quarter. Pacer Advisors Inc. now owns 4,033,595 shares of the transportation company's stock worth $268,153,000 after acquiring an additional 1,360,195 shares during the period. Great Lakes Advisors LLC acquired a new position in Delta Air Lines during the 2nd quarter worth $160,265,000. California Public Employees Retirement System boosted its position in Delta Air Lines by 15.0% during the 1st quarter. California Public Employees Retirement System now owns 1,469,652 shares of the transportation company's stock worth $97,702,000 after acquiring an additional 191,345 shares during the period. Finally, U S Global Investors Inc. boosted its position in Delta Air Lines by 2.3% during the 3rd quarter. U S Global Investors Inc. now owns 1,099,975 shares of the transportation company's stock worth $91,804,000 after acquiring an additional 24,962 shares during the period. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Price Performance

NYSE:DAL opened at $91.64 on Tuesday. The business's 50-day moving average price is $81.03 and its 200 day moving average price is $77.23. The firm has a market cap of $60.29 billion, a P/E ratio of 16.31, a PEG ratio of 1.59 and a beta of 1.43. Delta Air Lines, Inc. has a 52-week low of $55.27 and a 52-week high of $95.68. 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 (NYSE:DAL - Get Free Report) last issued its quarterly earnings results 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). Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. The business had revenue of $17.59 billion during the quarter, compared to analyst estimates of $17.64 billion. During the same period in the previous year, the company posted $1.71 earnings per share. Delta Air Lines's revenue was up 21.1% compared to the same quarter last year. 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. As a group, sell-side analysts predict that Delta Air Lines, Inc. will post 5.34 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 5th. Investors of record on Thursday, October 15th were paid a dividend of $0.2150 per share. The ex-dividend date of this dividend was Thursday, October 15th. This represents a $0.86 annualized dividend and a yield of 0.9%. Delta Air Lines's dividend payout ratio is currently 17.17%.

Wall Street Analyst Weigh In

DAL has been the topic of a number of research analyst reports. Zacks Research lowered Delta Air Lines from a "hold" rating to a "strong sell" rating in a report on Monday, September 28th. Argus set a $95.00 price objective on shares of Delta Air Lines in a report on Monday, October 12th. Barclays decreased their target price on shares of 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. Sanford C. Bernstein decreased 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 research report on Wednesday, October 7th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Delta Air Lines in a research note on Monday, August 3rd. 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $99.65.

Insider Buying and Selling

In other Delta Air Lines news, President Peter W. Carter sold 44,950 shares of the company's stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $89.29, for a total value of $4,013,585.50. Following the transaction, the president owned 379,754 shares of the company's stock, valued at approximately $33,908,234.66. This represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alain Bellemare sold 28,000 shares of the company's stock in a transaction on Friday, November 6th. The shares were sold at an average price of $85.93, for a total value of $2,406,040.00. Following the completion of the transaction, the executive vice president directly owned 80,025 shares in the company, valued at $6,876,548.25. This represents a 25.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 122,950 shares of company stock worth $10,519,626. Corporate insiders own 0.80% of the company's stock.

Delta Air Lines Profile

Delta Air Lines is a U.S.-based airline that provides passenger and cargo transportation. It serves domestic and international destinations through its own flights and relationships with partner airlines, with major hubs including Atlanta, Detroit, Minneapolis–Saint Paul, New York, and Salt Lake City.

The company offers multiple cabin and fare options, including Delta One, First Class, Delta Comfort+ and Main Cabin. Its other businesses and services include Delta Cargo, the SkyMiles loyalty program, and aircraft maintenance and repair services through Delta TechOps.

Delta traces its roots to Huff Daland Dusters, an aerial crop-dusting company established in 1925, and began carrying passengers in 1929.

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