Delta Air Lines, Inc. $DAL Stock Position Reduced by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,231 shares of the transportation company’s stock after selling 8,886 shares during the period. Nisa Investment Advisors LLC’s holdings in Delta Air Lines were worth $12,121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DAL. Bank of New York Mellon Corp acquired a new position in shares of Delta Air Lines during the 2nd quarter valued at $1,182,646,000. Pacer Advisors Inc. boosted its holdings in Delta Air Lines by 50.9% during the first quarter. Pacer Advisors Inc. now owns 4,033,595 shares of the transportation company’s stock worth $268,153,000 after buying an additional 1,360,195 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Delta Air Lines in the 2nd quarter worth $160,265,000. California Public Employees Retirement System raised its position in shares of Delta Air Lines by 15.0% during the first quarter. California Public Employees Retirement System now owns 1,469,652 shares of the transportation company’s stock worth $97,702,000 after purchasing an additional 191,345 shares during the period. Finally, Sei Investments Co. raised its position in shares of Delta Air Lines by 28.9% during the first quarter. Sei Investments Co. now owns 1,339,423 shares of the transportation company’s stock worth $89,045,000 after purchasing an additional 300,288 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Delta Air Lines

In related 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 transaction of $3,245,200.00. Following the transaction, the executive vice president directly owned 95,025 shares of the company’s stock, valued at approximately $8,810,718. The trade was a 26.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael Huerta sold 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $94.11, for a total transaction 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. This represents a 8.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 356,726 shares of company stock valued at $33,081,037 in the last 90 days. Corporate insiders own 0.80% of the company’s stock.

Delta Air Lines Stock Up 1.9%

Shares of Delta Air Lines stock opened at $79.12 on Friday. Delta Air Lines, Inc. has a 1 year low of $55.03 and a 1 year high of $95.68. The company has a market cap of $52.06 billion, a P/E ratio of 14.20, a P/E/G ratio of 1.39 and a beta of 1.34. 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 stock has a 50-day moving average price of $81.03 and a 200 day moving average price of $80.65.

Delta Air Lines (NYSE:DAL) last released its 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). The business had revenue of $17.59 billion for 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 company’s revenue was up 21.1% compared to the same quarter last year. During the same period last year, the firm earned $1.71 EPS. 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 expect that Delta Air Lines, Inc. will post 5.32 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

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

Analysts Set New Price Targets

DAL has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on Delta Air Lines from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, October 6th. Susquehanna cut their price objective on Delta Air Lines from $100.00 to $95.00 and set a “positive” rating on the stock in a report on Monday, October 12th. Benchmark reaffirmed a “buy” rating on shares of Delta Air Lines in a research note on Wednesday, July 8th. 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, October 12th. Finally, BMO Capital Markets lifted their target price on shares of Delta Air Lines from $100.00 to $105.00 and gave the stock an “outperform” rating 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 given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.65.

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.