Delta Air Lines, Inc. $DAL Stock: Assenagon Asset Management S.A. Grows Holdings

Key Points

• Assenagon Asset Management increased its Delta Air Lines stake by 419.1% in the third quarter, bringing its holdings to 292,653 shares valued at approximately $25.0 million. Institutional investors own 69.93% of DAL’s outstanding stock.
• Analysts maintain a favorable view, with 22 Buy ratings, one Hold and one Sell; the stock has a consensus “Moderate Buy” rating and a $99.65 price target, despite several recent target-price reductions.
• Delta reported quarterly EPS of $1.72, slightly below the $1.77 consensus, while revenue reached $17.59 billion. The company also declared a quarterly dividend of $0.215 per share, and insiders have sold more than $33 million of stock over the past 90 days.

Assenagon Asset Management S.A. lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 419.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 292,653 shares of the transportation company's stock after acquiring an additional 236,271 shares during the period. Assenagon Asset Management S.A.'s holdings in Delta Air Lines were worth $25,032,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DAL. Markowski Investments acquired a new stake in shares of Delta Air Lines in the 2nd quarter worth about $27,000. Timbuktu Capital Management LLC bought a new position in shares of Delta Air Lines in the second quarter valued at approximately $31,000. Elevation Wealth Partners LLC lifted its holdings in shares of Delta Air Lines by 195.9% in the second quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company's stock valued at $34,000 after purchasing an additional 237 shares in the last quarter. Atlas Wealth LLC bought a new position in shares of Delta Air Lines in the first quarter valued at approximately $35,000. Finally, Main Street Group LTD bought a new position in Delta Air Lines during the 1st quarter valued at $36,000. 69.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DAL shares. TD Cowen reduced their price objective on shares of Delta Air Lines from $105.00 to $101.00 and set a "buy" rating for the company in a research report on Friday, October 2nd. Cantor Fitzgerald set a $101.00 target price on Delta Air Lines in a research note on Friday, October 2nd. Barclays cut their target price on Delta Air Lines from $105.00 to $95.00 and set an "overweight" rating on the stock in a research note on Friday, September 11th. Morgan Stanley boosted their price objective on Delta Air Lines from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, July 10th. Finally, Benchmark reissued a "buy" rating on shares of Delta Air Lines in a research report on Wednesday, July 8th. Twenty-two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $99.65.

Delta Air Lines Stock Up 0.0%

DAL opened at $75.38 on Monday. The company has a market cap of $49.59 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 1.35 and a beta of 1.34. The company has a 50 day moving average of $82.09 and a 200 day moving average of $80.37. Delta Air Lines, Inc. has a 12 month low of $55.03 and a 12 month high of $95.68. 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 (NYSE:DAL - Get Free Report) last posted its quarterly 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 the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.71 earnings per share. 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, sell-side analysts expect that Delta Air Lines, Inc. will post 5.32 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently announced 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. The ex-dividend date is Thursday, October 15th. This represents a $0.86 annualized dividend and a yield of 1.1%. Delta Air Lines's dividend payout ratio (DPR) is currently 17.17%.

Insider Buying and Selling at Delta Air Lines

In related news, EVP Steven M. Sear sold 40,460 shares of the business'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 transaction of $3,785,033.00. Following the completion of the transaction, the executive vice president owned 104,404 shares of the company's stock, valued at approximately $9,766,994.20. The trade was a 27.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David G. Dewalt sold 31,756 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $90.85, for a total transaction of $2,885,032.60. Following the sale, the director directly owned 22,358 shares in the company, valued at $2,031,224.30. This trade represents a 58.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 356,726 shares of company stock worth $33,081,037. 0.80% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.