Delta Air Lines, Inc. $DAL Stock: University of Texas Texas AM Investment Management Co. Raises Position

Key Points

• University of Texas Texas AM Investment Management Co. increased its Delta Air Lines stake by 345.4% in the third quarter, holding 66,967 shares valued at about $5.6 million.
• Delta’s latest quarter came in slightly below expectations: EPS was $1.72 versus a $1.77 consensus, while revenue of $17.59 billion rose 21.1% year over year.
• Delta’s president and CEO reported stock sales totaling about $8.1 million. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $99.65.

University of Texas Texas AM Investment Management Co. raised its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 345.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 66,967 shares of the transportation company's stock after purchasing an additional 51,931 shares during the period. Delta Air Lines makes up about 0.7% of University of Texas Texas AM Investment Management Co.'s investment portfolio, making the stock its 28th largest holding. University of Texas Texas AM Investment Management Co.'s holdings in Delta Air Lines were worth $5,589,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Delta Air Lines in the 2nd quarter worth about $28,829,000. TD Waterhouse Canada Inc. lifted its stake in Delta Air Lines by 646.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 45,161 shares of the transportation company's stock valued at $4,207,000 after acquiring an additional 39,112 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Delta Air Lines by 105.3% during the 1st quarter. Bessemer Group Inc. now owns 39,018 shares of the transportation company's stock valued at $2,595,000 after acquiring an additional 20,012 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Delta Air Lines by 45.1% during the 2nd quarter. Baird Financial Group Inc. now owns 449,986 shares of the transportation company's stock valued at $42,146,000 after acquiring an additional 139,799 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Delta Air Lines by 102.3% during the 1st quarter. NewEdge Advisors LLC now owns 105,966 shares of the transportation company's stock valued at $7,045,000 after acquiring an additional 53,581 shares during the last quarter. Institutional investors own 69.93% of the company's stock.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, President Peter W. Carter sold 44,950 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $89.29, for a total value of $4,013,585.50. Following the transaction, the president directly owned 379,754 shares in the company, valued at approximately $33,908,234.66. This trade represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 50,000 shares of Delta Air Lines stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $82.00, for a total transaction of $4,100,000.00. Following the transaction, the chief executive officer owned 1,313,448 shares in the company, valued at $107,702,736. This represents a 3.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.80% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Argus set a $95.00 price objective on shares of Delta Air Lines in a report on Monday, October 12th. JPMorgan Chase & Co. increased their price objective on shares of Delta Air Lines from $85.00 to $114.00 and gave the company an "overweight" rating in a research report on Monday, July 13th. Citigroup raised their target price on shares of Delta Air Lines from $106.00 to $110.00 and gave the stock a "buy" rating in a report on Sunday, July 12th. Sanford C. Bernstein cut their target price on shares of Delta Air Lines from $106.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, October 7th. Finally, Cantor Fitzgerald set a $101.00 target price on shares of Delta Air Lines in a research report on Friday, October 2nd. Twenty-two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Delta Air Lines presently has an average rating of "Moderate Buy" and a consensus price target of $99.65.

Delta Air Lines Stock Up 0.2%

DAL stock opened at $87.36 on Monday. The company has a market cap of $57.48 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 1.56 and a beta of 1.43. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.40. The business's 50-day moving average is $80.80 and its two-hundred day moving average is $77.12. Delta Air Lines, Inc. has a fifty-two week low of $55.27 and a fifty-two week high of $95.68.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings results on Friday, October 9th. The transportation company reported $1.72 earnings per share (EPS) 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 the consensus estimate of $17.64 billion. During the same quarter in the prior year, the firm earned $1.71 earnings per share. The company'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, analysts forecast that Delta Air Lines, Inc. will post 5.34 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 5th. Investors of record on Thursday, October 15th were given a dividend of $0.2150 per share. This represents a $0.86 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, October 15th. Delta Air Lines's payout ratio is 17.17%.

Delta Air Lines Company Profile

Delta Air Lines is a U.S.-based airline that provides passenger and cargo transportation. It serves domestic and international destinations through its own flights and relationships with partner airlines, with major hubs including Atlanta, Detroit, Minneapolis–Saint Paul, New York, and Salt Lake City.

The company offers multiple cabin and fare options, including Delta One, First Class, Delta Comfort+ and Main Cabin. Its other businesses and services include Delta Cargo, the SkyMiles loyalty program, and aircraft maintenance and repair services through Delta TechOps.

Delta traces its roots to Huff Daland Dusters, an aerial crop-dusting company established in 1925, and began carrying passengers in 1929.

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