New England Research & Management Inc. Makes New $1.17 Million Investment in Delta Air Lines, Inc. $DAL

New England Research & Management Inc. bought a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,025 shares of the transportation company’s stock, valued at approximately $1,171,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Markowski Investments bought a new stake in Delta Air Lines during the second quarter valued at $27,000. Timbuktu Capital Management LLC bought a new position in shares of Delta Air Lines in the 2nd quarter worth about $31,000. Elevation Wealth Partners LLC raised its position in shares of Delta Air Lines by 195.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company’s stock worth $34,000 after acquiring an additional 237 shares in the last quarter. Pension & Wealth Management Advisors Inc. bought a new position in shares of Delta Air Lines in the 3rd quarter worth about $44,000. Finally, Atlas Wealth LLC acquired a new position in shares of Delta Air Lines in the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Down 3.5%

NYSE DAL traded down $2.70 on Friday, hitting $75.38. 5,894,486 shares of the company were exchanged, compared to its average volume of 8,413,102. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. The company has a market cap of $49.59 billion, a PE ratio of 15.05, a PEG ratio of 1.40 and a beta of 1.34. The stock has a fifty day moving average of $82.09 and a 200-day moving average of $80.25. Delta Air Lines, Inc. has a 12 month low of $55.03 and a 12 month 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 earnings per share 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 the consensus estimate of $17.64 billion. During the same period last year, the firm posted $1.71 earnings per share. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. 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 5.32 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th will be paid a $0.2150 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.86 annualized dividend and a dividend yield of 1.1%. Delta Air Lines’s dividend payout ratio (DPR) is currently 17.17%.

Insider Buying and Selling

In related news, CEO Edward H. Bastian sold 206,510 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $92.80, for a total transaction of $19,164,128.00. Following the transaction, the chief executive officer directly owned 1,363,448 shares of the company’s stock, valued at approximately $126,527,974.40. This represents a 13.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael P. Huerta sold 3,100 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $94.11, for a total value of $291,741.00. Following the completion of the transaction, the director owned 32,525 shares in the company, valued at approximately $3,060,927.75. The trade was a 8.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 356,726 shares of company stock worth $33,081,037 over the last 90 days. 0.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DAL has been the topic of several research analyst reports. BMO Capital Markets upped their target price on Delta Air Lines from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday. Sanford C. Bernstein decreased their target price on Delta Air Lines from $106.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, October 7th. Citigroup lifted their target price on Delta Air Lines from $106.00 to $110.00 and gave the stock a “buy” rating in a report on Sunday, July 12th. Seaport Research Partners reiterated a “buy” rating and issued a $100.00 target price on shares of Delta Air Lines in a report on Monday. Finally, Evercore boosted their price target on Delta Air Lines from $85.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Twenty-two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $99.65.

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.