EULAV Asset Management Buys 22,717 Shares of Delta Air Lines, Inc. $DAL

Key Points

• EULAV Asset Management increased its Delta Air Lines stake by 48.3% in the third quarter, buying 22,717 shares to bring its holdings to 69,748 shares valued at approximately $5.82 million. Institutional investors collectively own 69.93% of Delta’s stock.
• Analysts remain broadly bullish, with 22 Buy ratings, one Hold and one Sell. Delta has a “Moderate Buy” consensus rating and an average price target of $99.65, above its reported opening price of $76.84.
• Delta slightly missed quarterly earnings and revenue expectations, while rising oil prices remain a profitability risk. The company declared a quarterly dividend of $0.215 per share, equivalent to an annualized yield of about 1.1%.

EULAV Asset Management lifted its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 48.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 69,748 shares of the transportation company's stock after purchasing an additional 22,717 shares during the quarter. EULAV Asset Management's holdings in Delta Air Lines were worth $5,821,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC raised its holdings in shares of Delta Air Lines by 0.6% during the 3rd quarter. Signaturefd LLC now owns 128,114 shares of the transportation company's stock worth $10,692,000 after acquiring an additional 724 shares during the period. BG Investment Services LLC purchased a new stake in shares of Delta Air Lines in the third quarter valued at about $1,893,000. Citizens Financial Group Inc. RI grew 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 valued at $4,858,000 after purchasing an additional 2,368 shares during the period. Sowell Financial Services LLC grew its holdings in shares of 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 valued at $2,716,000 after purchasing an additional 778 shares during the period. Finally, Evergreen Capital Management LLC increased its position in Delta Air Lines by 1.0% during 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 during the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Benchmark reaffirmed a "buy" rating on shares of Delta Air Lines in a research note on Wednesday, July 8th. Jefferies Financial Group boosted their target price on shares of Delta Air Lines from $105.00 to $110.00 and gave the company a "buy" rating in a report on Friday, July 10th. Bank of America increased their price target on shares of Delta Air Lines from $93.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, July 1st. Argus set a $95.00 price target on shares of Delta Air Lines in a report on Monday, October 12th. Finally, Seaport Research Partners reaffirmed a "buy" rating and set a $100.00 price target on shares of Delta Air Lines in a research report on Monday, October 12th. Twenty-two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $99.65.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $76.84 on Monday. The firm has a market cap of $50.55 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 1.37 and a beta of 1.34. 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, Inc. has a 52 week low of $55.03 and a 52 week high of $95.68. The business's fifty day simple moving average is $80.78 and its 200-day simple moving average is $80.72.

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 (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.05). The company had revenue of $17.59 billion during the quarter, compared to analysts' expectations of $17.64 billion. Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. The firm's quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter last year, the firm posted $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. Equities analysts forecast that Delta Air Lines, Inc. will post 5.32 earnings per share for the current year.

Delta Air Lines Announces Dividend

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%.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Steven 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 value of $3,785,033.00. Following the sale, the executive vice president directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.

Key Stories 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

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.

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