Delta Air Lines, Inc. $DAL Stock Sold by Ninety One UK Ltd

Key Points

• Ninety One UK Ltd cut its Delta Air Lines stake by 29.4% in the third quarter, selling 1.14 million shares and retaining 2.74 million shares valued at approximately $228.7 million.
• Delta shares rose 0.7% to $77.17, while the company’s latest quarterly results narrowly missed analyst expectations: EPS was $1.72 versus $1.77 expected, and revenue was $17.59 billion versus $17.64 billion expected.
• Analysts maintain a generally positive outlook, with 22 Buy ratings and a consensus target price of $99.65. Delta also declared a quarterly dividend of $0.215 per share, equivalent to a 1.1% annual yield.

Ninety One UK Ltd lessened its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 29.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,739,735 shares of the transportation company's stock after selling 1,141,845 shares during the quarter. Ninety One UK Ltd owned about 0.42% of Delta Air Lines worth $228,658,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DAL. State of Alaska Department of Revenue increased its holdings in Delta Air Lines by 86.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 119,299 shares of the transportation company's stock valued at $9,957,000 after buying an additional 55,274 shares during the period. WealthPlan Investment Management LLC lifted its holdings in shares of Delta Air Lines by 5.2% during the 3rd quarter. WealthPlan Investment Management LLC now owns 2,934 shares of the transportation company's stock worth $245,000 after acquiring an additional 146 shares during the period. B.A. Schrock Wealth Management Inc. bought a new stake in shares of Delta Air Lines during the 3rd quarter worth approximately $300,000. Mather Group LLC. lifted its holdings in shares of Delta Air Lines by 17.3% during the 3rd quarter. Mather Group LLC. now owns 4,137 shares of the transportation company's stock worth $383,000 after acquiring an additional 611 shares during the period. Finally, Fortitude Family Office LLC boosted its position in shares of Delta Air Lines by 16.3% during the 3rd quarter. Fortitude Family Office LLC now owns 1,541 shares of the transportation company's stock worth $129,000 after acquiring an additional 216 shares in the last quarter. Institutional investors own 69.93% of the company's stock.

Delta Air Lines Trading Up 0.7%

Shares of DAL stock traded up $0.53 during trading hours on Thursday, hitting $77.17. 2,896,840 shares of the company's stock traded hands, compared to its average volume of 8,573,361. The stock's 50 day simple moving average is $82.68 and its 200 day simple moving average is $80.19. The stock has a market cap of $50.77 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. Delta Air Lines, Inc. has a 12 month low of $55.03 and a 12 month high of $95.68. 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 (NYSE:DAL - Get Free Report) last issued its quarterly earnings data on Friday, October 9th. The transportation company reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.05). The business 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%. The business's revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the prior year, the firm 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, sell-side analysts anticipate that Delta Air Lines, Inc. will post 5.34 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 $0.2150 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, October 15th. Delta Air Lines's payout ratio is 17.17%.

Analyst Ratings Changes

A number of analysts have weighed in on DAL shares. Weiss Ratings upgraded shares of Delta Air Lines from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, July 21st. Barclays dropped their price target on Delta Air Lines from $105.00 to $95.00 and set an "overweight" rating for the company in a research note on Friday, September 11th. TD Cowen dropped 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. Benchmark reissued a "buy" rating on shares of Delta Air Lines in a report on Wednesday, July 8th. 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 research report on Sunday, July 12th. Twenty-two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $99.65.

Insider Buying and Selling

In other news, EVP Alain Bellemare sold 35,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Peter Carter sold 39,900 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $92.98, for a total value of $3,709,902.00. Following the completion of the transaction, the president directly 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. In the last quarter, insiders have sold 356,726 shares of company stock valued at $33,081,037. Corporate insiders own 0.80% of the company's stock.

Delta Air Lines Profile

Delta Air Lines, Inc is a major U.S. airline that provides scheduled passenger and air freight transportation. The company serves destinations throughout the United States and connects customers to international markets across Europe, Asia, Latin America, Canada, Africa and the Caribbean through its own operations and regional airline partners.

Delta offers multiple classes of passenger service, including premium cabins and its main cabin, along with travel-related products such as vacation packages and loyalty benefits through the SkyMiles program.

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