Delta Air Lines, Inc. $DAL Shares Bought by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group increased its Delta Air Lines stake by 3.5%, buying 15,106 shares to hold 446,051 shares valued at about $37.2 million. Institutional investors and hedge funds own 69.93% of Delta.
• CEO Edward Bastian sold 50,000 shares for $4.1 million, reducing his position by 3.67%; he retained 1,313,448 shares after the sale.
• Delta’s latest quarter missed analyst estimates for earnings and revenue, though revenue rose 21.1% year over year. Analysts maintain a “Moderate Buy” consensus with a $99.65 average price target.

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 446,051 shares of the transportation company's stock after buying an additional 15,106 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.07% of Delta Air Lines worth $37,227,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Markowski Investments purchased a new stake in shares of Delta Air Lines during the 2nd quarter worth approximately $27,000. Timbuktu Capital Management LLC acquired a new stake in Delta Air Lines in the 2nd quarter valued at about $31,000. Elevation Wealth Partners LLC increased its stake in shares of Delta Air Lines by 195.9% during the 2nd 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 in the first quarter worth $35,000. Finally, Main Street Group LTD acquired a new stake in shares of Delta Air Lines during the first quarter valued at $36,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Delta Air Lines

In related news, CEO Edward Bastian sold 50,000 shares of the firm's stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $82.00, for a total value of $4,100,000.00. Following the transaction, the chief executive officer owned 1,313,448 shares of the company's stock, valued at $107,702,736. This trade represents a 3.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.80% of the company's stock.

Wall Street Analysts Forecast Growth

DAL has been the topic of a number of research analyst reports. Jefferies Financial Group raised their price target on Delta Air Lines from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. BMO Capital Markets lifted their price target on shares of Delta Air Lines from $100.00 to $105.00 and gave the company an "outperform" rating in a report on Monday, October 12th. Rothschild & Co Redburn increased their price objective on shares of Delta Air Lines from $104.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, September 18th. Raymond James Financial reiterated an "outperform" rating and set a $100.00 price objective on shares of Delta Air Lines in a research note on Wednesday, October 7th. Finally, TD Cowen decreased their price target on 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. Twenty-two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $99.65.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $89.29 on Thursday. 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, Inc. has a one year low of $55.27 and a one year high of $95.68. The stock has a market cap of $58.75 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.49 and a beta of 1.43. The company has a fifty day moving average price of $80.63 and a two-hundred day moving average price of $76.94.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its 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 firm had revenue of $17.59 billion for the quarter, compared to analyst estimates of $17.64 billion. During the same period in the prior year, the company posted $1.71 EPS. The business's revenue for the quarter 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, equities analysts predict 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 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, October 15th. Delta Air Lines's dividend payout ratio is 17.17%.

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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