International Assets Investment Management LLC Acquires 40,496 Shares of Delta Air Lines, Inc. $DAL

International Assets Investment Management LLC boosted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 426.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 50,000 shares of the transportation company’s stock after acquiring an additional 40,496 shares during the period. International Assets Investment Management LLC’s holdings in Delta Air Lines were worth $4,173,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Markowski Investments acquired a new stake in shares of Delta Air Lines in the second quarter valued at about $27,000. Timbuktu Capital Management LLC purchased a new stake in shares of Delta Air Lines during the second quarter worth about $31,000. Elevation Wealth Partners LLC increased its stake in shares of Delta Air Lines by 195.9% during the second quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company’s stock worth $34,000 after purchasing an additional 237 shares in the last quarter. Atlas Wealth LLC acquired a new position in shares of Delta Air Lines during the 1st quarter worth about $35,000. Finally, Main Street Group LTD acquired a new position in shares of Delta Air Lines during the 1st quarter worth about $36,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Delta Air Lines news, EVP Steven Sear sold 40,460 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $93.55, for a total value of $3,785,033.00. Following the completion of the sale, the executive vice president directly owned 104,404 shares of the company’s stock, valued at $9,766,994.20. This trade represents a 27.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Peter Carter sold 39,900 shares of the firm’s stock in a transaction 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 sale, the president directly owned 424,704 shares of the company’s stock, valued at $39,488,977.92. This trade represents a 8.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 374,970 shares of company stock worth $34,296,004 over the last quarter. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

DAL has been the subject of a number of research analyst reports. Jefferies Financial Group increased their target price on Delta Air Lines from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, July 10th. Rothschild & Co Redburn lifted their price target on Delta Air Lines from $104.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, September 18th. Zacks Research cut Delta Air Lines from a “hold” rating to a “strong sell” rating in a research report on Monday, September 28th. Citigroup boosted their price target 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. Finally, Wells Fargo & Company reduced their price objective on Delta Air Lines from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, October 6th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.65.

Delta Air Lines Trading Down 0.1%

Shares of Delta Air Lines stock opened at $80.07 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.40 and a quick ratio of 0.32. The stock’s 50 day simple moving average is $80.48 and its 200-day simple moving average is $76.71. The stock has a market cap of $52.68 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.43 and a beta of 1.43. Delta Air Lines, Inc. has a 1-year low of $55.03 and a 1-year high of $95.68.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Friday, October 9th. The transportation company reported $1.72 EPS for the quarter, missing the consensus estimate 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 company had revenue of $17.59 billion during the quarter, compared to analyst estimates of $17.64 billion. During the same period in the prior year, the business posted $1.71 EPS. Delta Air Lines’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. Analysts predict that Delta Air Lines, Inc. will post 5.34 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Thursday, October 15th will be issued a $0.2150 dividend. This represents a $0.86 annualized dividend 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%.

About Delta Air Lines

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.