Optas LLC Makes New Investment in Delta Air Lines, Inc. $DAL

Key Points

• Optas LLC acquired a new position in Delta Air Lines, purchasing 5,436 shares valued at approximately $267,000.
• Analysts have significantly revised their target prices for Delta Air Lines stock, with Seaport Global Securities setting a new target at $80.00 and maintaining a "buy" rating.
• Delta Air Lines announced a quarterly dividend of $0.1875 per share, which translates to an annual yield of 1.3%, with the ex-dividend date set for October 16th.

Optas LLC purchased a new position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,436 shares of the transportation company's stock, valued at approximately $267,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Signature Resources Capital Management LLC bought a new position in shares of Delta Air Lines in the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC bought a new position in shares of Delta Air Lines in the first quarter valued at approximately $31,000. Zions Bancorporation National Association UT bought a new position in shares of Delta Air Lines in the first quarter valued at approximately $33,000. Hara Capital LLC bought a new position in shares of Delta Air Lines in the first quarter valued at approximately $35,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Delta Air Lines in the first quarter valued at approximately $40,000. Institutional investors own 69.93% of the company's stock.

Analyst Ratings Changes

DAL has been the subject of a number of research analyst reports. Seaport Global Securities lifted their target price on shares of Delta Air Lines from $69.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, September 11th. BNP Paribas Exane lifted their target price on shares of Delta Air Lines from $58.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, July 11th. Susquehanna lifted their target price on shares of Delta Air Lines from $65.00 to $68.00 and gave the company a "positive" rating in a research note on Friday, October 3rd. Citigroup lifted their target price on shares of Delta Air Lines from $62.00 to $65.50 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, UBS Group set a $72.00 price objective on shares of Delta Air Lines in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating and nineteen have given a Buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines currently has an average rating of "Buy" and an average target price of $68.39.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, Director Michael P. Huerta sold 2,500 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total transaction of $151,750.00. Following the completion of the sale, the director owned 33,245 shares in the company, valued at approximately $2,017,971.50. The trade was a 6.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven M. Sear sold 18,000 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $55.96, for a total transaction of $1,007,280.00. Following the sale, the executive vice president owned 97,505 shares of the company's stock, valued at $5,456,379.80. The trade was a 15.58% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,050 shares of company stock worth $5,139,795. 0.88% of the stock is currently owned by insiders.

Delta Air Lines Stock Performance

DAL stock opened at $59.44 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33. The company has a 50 day moving average price of $58.52 and a 200 day moving average price of $51.47. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The stock has a market capitalization of $38.81 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 1.57 and a beta of 1.50.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Thursday, October 9th. The transportation company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.19. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. The firm had revenue of $15.20 billion during the quarter, compared to analysts' expectations of $15.79 billion. During the same quarter in the previous year, the company posted $1.50 EPS. Delta Air Lines's revenue was up 6.4% on a year-over-year basis. Delta Air Lines has set its Q4 2025 guidance at 1.600-1.900 EPS. Analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 16th will be given a dividend of $0.1875 per share. The ex-dividend date is Thursday, October 16th. This represents a $0.75 annualized dividend and a dividend yield of 1.3%. Delta Air Lines's payout ratio is presently 10.87%.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.