90,312 Delta Air Lines, Inc. $DAL Shares Purchased by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer & Co. significantly increased its Delta Air Lines stake by 90,312 shares, or 1,627.8%, bringing its holdings to 95,860 shares valued at approximately $8 million. Institutional investors own 69.93% of DAL.
• Delta shares were trading at $80.28, down 1.4%, after the company slightly missed quarterly earnings and revenue estimates. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $99.65.
• Delta declared a quarterly dividend of $0.215 per share, equivalent to $0.86 annually and a 1.1% yield. Company insiders sold 356,726 shares worth about $33.1 million over the past quarter.

Oppenheimer & Co. Inc. grew its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 1,627.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,860 shares of the transportation company's stock after acquiring an additional 90,312 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Delta Air Lines were worth $8,000,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DAL. Markowski Investments bought a new stake in shares of Delta Air Lines in the second quarter worth $27,000. Timbuktu Capital Management LLC bought a new position in Delta Air Lines in the second quarter valued at $31,000. Elevation Wealth Partners LLC grew its position in Delta Air Lines by 195.9% in the second quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company's stock valued at $34,000 after purchasing an additional 237 shares in the last quarter. Pension & Wealth Management Advisors Inc. acquired a new stake in Delta Air Lines in the 3rd quarter valued at $44,000. Finally, Atlas Wealth LLC acquired a new stake in Delta Air Lines in the 1st quarter valued at $35,000. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Trading Down 1.4%

DAL stock opened at $80.28 on Thursday. Delta Air Lines, Inc. has a one year low of $55.03 and a one year high of $95.68. The stock has a market cap of $52.82 billion, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 1.37 and a beta of 1.34. The company has a fifty day moving average price of $80.53 and a two-hundred day moving average price of $76.61. 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 posted its 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). The company had revenue of $17.59 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.71 EPS. 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 analysts anticipate that Delta Air Lines, Inc. will post 5.34 EPS for the current year.

Delta Air Lines Dividend Announcement

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

Insider Activity at Delta Air Lines

In other news, EVP Steven Sear sold 40,460 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president owned 104,404 shares of the company's stock, valued at approximately $9,766,994.20. This represents a 27.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alain Bellemare sold 35,000 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $92.72, for a total value of $3,245,200.00. Following the completion of the transaction, the executive vice president directly owned 95,025 shares in the company, valued at $8,810,718. The trade was a 26.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 356,726 shares of company stock valued at $33,081,037. Insiders own 0.80% of the company's stock.

Analyst Upgrades and Downgrades

DAL has been the topic of several analyst reports. Benchmark reissued a "buy" rating on shares of Delta Air Lines in a research report on Wednesday, July 8th. JPMorgan Chase & Co. raised their price objective on Delta Air Lines from $85.00 to $114.00 and gave the company an "overweight" rating in a report on Monday, July 13th. Susquehanna dropped their target price on Delta Air Lines from $100.00 to $95.00 and set a "positive" rating on the stock in a report on Monday, October 12th. The Goldman Sachs Group reiterated a "buy" rating on shares of Delta Air Lines in a report on Monday, August 3rd. 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 investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of "Moderate Buy" and a consensus target price of $99.65.

Delta Air Lines Company 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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