Delta Air Lines, Inc. $DAL Shares Newly Bought by BG Investment Services LLC

Key Points

• BG Investment Services LLC bought 22,687 Delta shares during the third quarter, valued at approximately $1.89 million. Institutional investors collectively own about 69.93% of DAL.
• Delta insiders sold a combined 356,726 shares worth roughly $33.1 million over the last quarter, including substantial sales by executives Steven Sear and Peter Carter.
• DAL opened at $76.84 after falling 3.1%; the airline recently missed quarterly EPS and revenue estimates, while rising oil prices are pressuring profitability. Analysts nevertheless maintain a “Moderate Buy” consensus with an average $99.65 price target, and Delta declared a quarterly dividend of $0.215 per share.

BG Investment Services LLC bought a new position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 22,687 shares of the transportation company's stock, valued at approximately $1,893,000.

A number of other hedge funds have also bought and sold shares of DAL. Citizens Financial Group Inc. RI lifted its holdings in shares of Delta Air Lines by 4.2% in the third quarter. Citizens Financial Group Inc. RI now owns 58,204 shares of the transportation company's stock worth $4,858,000 after buying an additional 2,368 shares in the last quarter. Sowell Financial Services LLC raised its stake in Delta Air Lines by 2.4% in the third quarter. Sowell Financial Services LLC now owns 32,544 shares of the transportation company's stock worth $2,716,000 after buying an additional 778 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in Delta Air Lines by 1.0% in the third quarter. Evergreen Capital Management LLC now owns 130,094 shares of the transportation company's stock worth $10,858,000 after purchasing an additional 1,244 shares in the last quarter. Capital Investment Advisors LLC grew its position in shares of Delta Air Lines by 16.5% in the 3rd quarter. Capital Investment Advisors LLC now owns 24,247 shares of the transportation company's stock worth $2,024,000 after buying an additional 3,440 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in Delta Air Lines by 63.7% in the third quarter. Sterling Capital Management LLC now owns 30,705 shares of the transportation company's stock worth $2,563,000 after purchasing an additional 11,943 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Key Headlines Impacting Delta Air Lines

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: U.S. airlines are favoring higher fares rather than adding capacity to fill more seats, a strategy that could help Delta offset elevated fuel expenses and protect margins. Reuters airline fares and fuel costs article
• Positive Sentiment: Airline shares received a temporary boost after Southwest reported stronger-than-expected third-quarter results, supporting the view that resilient demand and pricing remain favorable for Delta. Southwest third-quarter results article
• Neutral Sentiment: Analyst commentary continues to present Delta as attractive for contrarian investors but more appropriate as a hold for risk-averse investors, reflecting confidence in the long-term recovery alongside near-term industry risks. Delta contrarian investment analysis
• Negative Sentiment: Crude oil climbed above $102 per barrel to a five-week high, increasing fuel-cost concerns across airlines and pressuring Delta’s expected profitability. Why Delta stock is falling article
• Negative Sentiment: Rising oil prices are weighing on the entire airline sector, with investors reassessing whether strong revenue and pricing can overcome a larger fuel bill. Delta and other major carriers have consequently surrendered part of their recent earnings-driven rebound. Airline stocks and rising oil prices article
• Negative Sentiment: Delta issued a travel waiver for Italy amid potential flight cancellations, allowing eligible travelers to rebook or seek refunds. The disruption may create incremental operational and revenue uncertainty. Delta Italy flight cancellation warning

Insider Buying and Selling 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 shares were sold at an average price of $93.55, for a total value of $3,785,033.00. Following the transaction, the executive vice president directly owned 104,404 shares in the company, valued at approximately $9,766,994.20. This represents a 27.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Peter Carter sold 39,900 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $92.98, for a total transaction of $3,709,902.00. Following the completion of the transaction, the president owned 424,704 shares in the company, valued at approximately $39,488,977.92. This represents a 8.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 356,726 shares of company stock valued at $33,081,037. 0.80% of the stock is currently owned by company insiders.

Delta Air Lines Stock Down 3.1%

DAL stock opened at $76.84 on Friday. Delta Air Lines, Inc. has a one year low of $55.03 and a one year high of $95.68. The firm has a market cap of $50.55 billion, a PE ratio of 15.34, a PEG ratio of 1.37 and a beta of 1.34. The firm's 50 day moving average price is $80.78 and its 200-day moving average price is $80.63. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.40.

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 the consensus estimate of $1.77 by ($0.05). The business 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%. Delta Air Lines's revenue was up 21.1% compared to the same quarter last year. During the same period last year, the business 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 research analysts anticipate that Delta Air Lines, Inc. will post 5.32 EPS for the current year.

Delta Air Lines Dividend Announcement

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

Wall Street Analyst Weigh In

DAL has been the subject of a number of research reports. Cantor Fitzgerald set a $101.00 price target on Delta Air Lines in a research report on Friday, October 2nd. Rothschild & Co Redburn lifted their price target on Delta Air Lines from $104.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, September 18th. Benchmark reissued a "buy" rating on shares of Delta Air Lines in a research note on Wednesday, July 8th. Wells Fargo & Company lowered their price objective on Delta Air Lines from $105.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 6th. Finally, Argus set a $95.00 target price on Delta Air Lines in a report on Monday, October 12th. 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 company's stock. According to MarketBeat, Delta Air Lines currently 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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