Calamos Advisors LLC Buys 110,031 Shares of Delta Air Lines, Inc. $DAL

Key Points

• Calamos Advisors increased its Delta Air Lines stake by 29.3% in the third quarter, adding 110,031 shares to hold 484,925 shares valued at about $40.5 million.
• Delta’s CEO and president sold 50,000 and 44,950 shares, respectively. Institutional investors and hedge funds collectively owned about 69.9% of the company’s stock.
• Delta’s latest quarterly results slightly missed analyst estimates for earnings and revenue, while revenue rose 21.1% year over year. Analysts’ consensus rating was “Moderate Buy,” with a $99.65 average price target.

Calamos Advisors LLC lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 29.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 484,925 shares of the transportation company's stock after buying an additional 110,031 shares during the quarter. Calamos Advisors LLC owned 0.07% of Delta Air Lines worth $40,472,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Markowski Investments purchased a new position in Delta Air Lines in the 2nd quarter worth approximately $27,000. Timbuktu Capital Management LLC purchased a new stake in shares of Delta Air Lines during the second quarter valued at approximately $31,000. Elevation Wealth Partners LLC lifted its position in shares of Delta Air Lines by 195.9% during the second quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company's stock worth $34,000 after purchasing an additional 237 shares in the last quarter. Atlas Wealth LLC acquired a new position in shares of Delta Air Lines during the first quarter worth $35,000. Finally, Main Street Group LTD acquired a new position in shares of Delta Air Lines during the first quarter worth $36,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Edward H. Bastian sold 50,000 shares of the stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $82.00, for a total transaction of $4,100,000.00. Following the completion of the sale, the chief executive officer owned 1,313,448 shares in the company, valued at approximately $107,702,736. This represents a 3.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Peter W. Carter sold 44,950 shares of the firm'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 sale, the president directly 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 SEC filing for this sale provides additional information. Company insiders own 0.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DAL shares. Jefferies Financial Group raised their price target on shares of Delta Air Lines from $105.00 to $110.00 and gave the company a "buy" rating in a report on Friday, July 10th. Raymond James Financial reissued an "outperform" rating and issued a $100.00 price objective on shares of Delta Air Lines in a research report on Wednesday, October 7th. BMO Capital Markets raised their target price on Delta Air Lines from $100.00 to $105.00 and gave the company an "outperform" rating in a research note on Monday, October 12th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Delta Air Lines in a research report on Monday, August 3rd. Finally, Wells Fargo & Company dropped their target price on Delta Air Lines from $105.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 6th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $99.65.

Delta Air Lines Stock Up 2.3%

NYSE:DAL traded up $2.00 during mid-day trading on Friday, reaching $87.36. The stock had a trading volume of 6,120,664 shares, compared to its average volume of 7,057,670. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.40 and a quick ratio of 0.32. The company has a market capitalization of $57.48 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 1.49 and a beta of 1.43. Delta Air Lines, Inc. has a 1-year low of $55.27 and a 1-year high of $95.68. The stock's 50 day simple moving average is $80.80 and its two-hundred day simple moving average is $77.12.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings results on Friday, October 9th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $17.64 billion. During the same period last year, the business posted $1.71 EPS. The company's revenue for the quarter 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. Equities analysts anticipate that Delta Air Lines, Inc. will post 5.34 EPS for the current 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 1.0%. Delta Air Lines's dividend payout ratio is currently 17.17%.

About Delta Air Lines

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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