Delta Air Lines, Inc. $DAL Shares Purchased by GRIMES & Co WEALTH MANAGEMENT LLC

Key Points

• GRIMES & Co Wealth Management increased its Delta Air Lines holdings by 705.2% in the third quarter, adding 15,218 shares to reach 17,376 shares valued at about $1.45 million.
• Delta reported quarterly EPS of $1.72, below the $1.77 consensus, and revenue of $17.59 billion, slightly under estimates; revenue nonetheless rose 21.1% year over year.
• Analysts’ average rating is “Moderate Buy,” with a $99.65 average price target. Delta also declared a quarterly dividend of $0.215 per share, equivalent to a 1.0% yield.

GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 705.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,376 shares of the transportation company's stock after acquiring an additional 15,218 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in Delta Air Lines were worth $1,450,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new stake in Delta Air Lines during the second quarter worth approximately $1,182,646,000. Pacer Advisors Inc. increased its holdings in shares of Delta Air Lines by 50.9% in the first quarter. Pacer Advisors Inc. now owns 4,033,595 shares of the transportation company's stock valued at $268,153,000 after buying an additional 1,360,195 shares in the last quarter. Great Lakes Advisors LLC bought a new position in shares of Delta Air Lines in the second quarter valued at $160,265,000. California Public Employees Retirement System increased its holdings in shares of Delta Air Lines by 15.0% in the first quarter. California Public Employees Retirement System now owns 1,469,652 shares of the transportation company's stock valued at $97,702,000 after buying an additional 191,345 shares in the last quarter. Finally, U S Global Investors Inc. lifted its position in shares of Delta Air Lines by 2.3% during the 3rd quarter. U S Global Investors Inc. now owns 1,099,975 shares of the transportation company's stock valued at $91,804,000 after acquiring an additional 24,962 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Trading Down 0.0%

Shares of NYSE DAL opened at $83.39 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. Delta Air Lines, Inc. has a one year low of $55.03 and a one year high of $95.68. The business has a 50-day moving average price of $80.52 and a two-hundred day moving average price of $76.85. The firm has a market capitalization of $54.87 billion, a PE ratio of 15.25, a PEG ratio of 1.49 and a beta of 1.43.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued 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). The business had revenue of $17.59 billion during the quarter, compared to analyst estimates of $17.64 billion. Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. Delta Air Lines's revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the prior 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. As a group, analysts predict that Delta Air Lines, Inc. will post 5.34 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Thursday, October 15th will be paid a $0.2150 dividend. This represents a $0.86 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, October 15th. Delta Air Lines's dividend payout ratio is currently 17.17%.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward Bastian sold 50,000 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $107,702,736. This represents a 3.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.80% of the company's stock.

Wall Street Analysts Forecast Growth

DAL has been the subject of several research reports. Zacks Research lowered Delta Air Lines from a "hold" rating to a "strong sell" rating in a research note on Monday, September 28th. BMO Capital Markets increased their price target on Delta Air Lines from $100.00 to $105.00 and gave the company an "outperform" rating in a research report on Monday, October 12th. Benchmark reissued a "buy" rating on shares of Delta Air Lines in a research note on Wednesday, July 8th. Susquehanna cut their price objective 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. Finally, Citigroup boosted their price objective on Delta Air Lines from $106.00 to $110.00 and gave the stock a "buy" rating in a report on Sunday, July 12th. Twenty-two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $99.65.

About Delta Air Lines

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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