Delta Air Lines, Inc. $DAL Shares Acquired by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC increased its Delta Air Lines stake by 426.1% in the third quarter, ending with 50,000 shares valued at approximately $4.17 million. Institutional investors collectively own 69.93% of DAL.
• Analysts maintain a generally bullish outlook, with 22 Buy ratings, one Hold and one Sell; Delta has a “Moderate Buy” consensus rating and an average price target of $99.65.
• Delta reported quarterly EPS of $1.72, slightly below the $1.77 consensus, while revenue reached $17.59 billion. Meanwhile, insiders sold roughly 374,970 shares worth $34.3 million over the past 90 days.

International Assets Investment Management LLC grew its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 426.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,000 shares of the transportation company's stock after buying an additional 40,496 shares during the period. International Assets Investment Management LLC's holdings in Delta Air Lines were worth $4,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Delta Air Lines in the second quarter worth $28,829,000. Baird Financial Group Inc. lifted its holdings in shares of Delta Air Lines by 45.1% during the 2nd quarter. Baird Financial Group Inc. now owns 449,986 shares of the transportation company's stock valued at $42,146,000 after purchasing an additional 139,799 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Delta Air Lines by 105.3% during the 1st quarter. Bessemer Group Inc. now owns 39,018 shares of the transportation company's stock valued at $2,595,000 after purchasing an additional 20,012 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Delta Air Lines by 646.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 45,161 shares of the transportation company's stock worth $4,207,000 after purchasing an additional 39,112 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Delta Air Lines by 102.3% in the 1st quarter. NewEdge Advisors LLC now owns 105,966 shares of the transportation company's stock worth $7,045,000 after purchasing an additional 53,581 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DAL shares. TD Cowen dropped their target price on Delta Air Lines from $105.00 to $101.00 and set a "buy" rating on the stock in a research note on Friday, October 2nd. Citigroup increased their price target on Delta Air Lines from $106.00 to $110.00 and gave the company a "buy" rating in a research note on Sunday, July 12th. Wells Fargo & Company lowered their price target on Delta Air Lines from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, October 6th. Susquehanna dropped their price target on Delta Air Lines from $100.00 to $95.00 and set a "positive" rating on the stock in a research note on Monday, October 12th. Finally, UBS Group cut their price objective on shares of Delta Air Lines from $105.00 to $102.00 and set a "buy" rating on the stock in a report on Monday, October 12th. Twenty-two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Delta Air Lines presently has an average rating of "Moderate Buy" and an average target price of $99.65.

Insider Activity

In related news, EVP Steven Sear sold 40,460 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were 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 directly owned 104,404 shares in the company, valued at $9,766,994.20. The trade was a 27.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alain Bellemare sold 35,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $92.72, for a total transaction of $3,245,200.00. Following the sale, the executive vice president directly owned 95,025 shares in the company, valued at $8,810,718. This trade represents a 26.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 374,970 shares of company stock worth $34,296,004. 0.80% of the stock is currently owned by corporate insiders.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $80.07 on Monday. The stock has a market cap of $52.68 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.43 and a beta of 1.43. The business has a 50-day simple moving average of $80.48 and a 200-day simple moving average of $76.71. 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 issued its earnings results on Friday, October 9th. The transportation company reported $1.72 EPS for the quarter, missing analysts' consensus estimates 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 firm's quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. On average, equities analysts expect that Delta Air Lines, Inc. will post 5.34 EPS 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. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.2150 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 15th. Delta Air Lines's payout ratio is 17.17%.

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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