Generate Investment Management Ltd Acquires 190,246 Shares of Delta Air Lines, Inc. $DAL

Key Points

• Generate Investment Management Ltd. acquired 190,246 Delta Air Lines shares worth approximately $15.9 million, while institutional investors collectively own 69.93% of the company.
• Analyst sentiment remains largely positive, with 22 Buy ratings, one Hold and one Sell; MarketBeat reports a “Moderate Buy” consensus and an average price target of $99.65.
• Delta shares recently traded at $76.18 after the company narrowly missed quarterly earnings and revenue estimates. The airline also declared a quarterly dividend of $0.215 per share, equivalent to a 1.1% annual yield.

Generate Investment Management Ltd purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 190,246 shares of the transportation company's stock, valued at approximately $15,878,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Markowski Investments bought a new position in Delta Air Lines during the second quarter worth about $27,000. Timbuktu Capital Management LLC bought a new position in Delta Air Lines during the second quarter worth $31,000. Elevation Wealth Partners LLC increased 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 during the last quarter. Atlas Wealth LLC acquired a new position in shares of Delta Air Lines in the first quarter valued at $35,000. Finally, Main Street Group LTD bought a new position in shares of Delta Air Lines in the first quarter valued at about $36,000. Institutional investors and hedge funds own 69.93% of the company's stock.

Insider Activity

In other news, EVP Alain Bellemare sold 35,000 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $92.72, for a total value 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 approximately $8,810,718. The trade was a 26.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael P. Huerta sold 3,100 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $94.11, for a total transaction of $291,741.00. Following the sale, the director directly owned 32,525 shares of the company's stock, valued at approximately $3,060,927.75. This trade represents a 8.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 356,726 shares of company stock valued at $33,081,037. Company insiders own 0.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Delta Air Lines from $85.00 to $114.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. Seaport Research Partners reissued a "buy" rating and issued a $100.00 price target on shares of Delta Air Lines in a report on Monday. Zacks Research cut shares of Delta Air Lines from a "hold" rating to a "strong sell" rating in a report on Monday, September 28th. Citigroup raised their price objective on shares of Delta Air Lines from $106.00 to $110.00 and gave the stock a "buy" rating in a research report on Sunday, July 12th. Finally, Weiss Ratings upgraded Delta Air Lines from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, July 21st. Twenty-two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $99.65.

Delta Air Lines Stock Performance

Shares of DAL traded down $3.39 during mid-day trading on Wednesday, hitting $76.18. 2,751,233 shares of the company's stock were exchanged, compared to its average volume of 8,583,262. The firm has a market cap of $50.12 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 1.45 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. The stock's 50-day simple moving average is $83.01 and its 200-day simple moving average is $80.12. Delta Air Lines, Inc. has a 52 week low of $55.03 and a 52 week high of $95.68.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its earnings results 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). Delta Air Lines had a return on equity of 16.83% and a net margin of 4.58%. The company had revenue of $17.59 billion for the quarter, compared to analyst estimates of $17.64 billion. During the same period last year, the company posted $1.71 earnings per share. The business'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. On average, equities research analysts expect that Delta Air Lines, Inc. will post 5.25 EPS for the current year.

Delta Air Lines Announces Dividend

The company 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 dividend of $0.2150 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, October 15th. Delta Air Lines's dividend payout ratio is presently 17.17%.

Delta Air Lines Company 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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