New York Life Investment Management LLC lowered its stake in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,116 shares of the transportation company’s stock after selling 8,476 shares during the quarter. New York Life Investment Management LLC’s holdings in Delta Air Lines were worth $7,354,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of DAL. 71 West Capital Partners increased its stake in Delta Air Lines by 2.3% during the 3rd quarter. 71 West Capital Partners now owns 5,518 shares of the transportation company’s stock valued at $461,000 after buying an additional 123 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Delta Air Lines by 3.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 3,535 shares of the transportation company’s stock worth $331,000 after buying an additional 129 shares in the last quarter. Arlington Trust Co LLC lifted its stake in shares of Delta Air Lines by 11.7% in the 2nd quarter. Arlington Trust Co LLC now owns 1,238 shares of the transportation company’s stock worth $116,000 after acquiring an additional 130 shares during the period. Guardian Wealth Advisors LLC NC lifted its stake in shares of Delta Air Lines by 3.5% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 3,900 shares of the transportation company’s stock worth $365,000 after acquiring an additional 131 shares during the period. Finally, REAP Financial Group LLC lifted its stake in shares of Delta Air Lines by 6.6% in the 3rd quarter. REAP Financial Group LLC now owns 2,119 shares of the transportation company’s stock worth $177,000 after acquiring an additional 131 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.
Delta Air Lines News Summary
Investors following DAL have been watching these news items:
- Positive Sentiment: DBS maintained its Buy rating on Delta, offering a supportive analyst view, though the report did not provide a new price target. DBS Keeps Their Buy Rating on Delta Air Lines
- Neutral Sentiment: Delta and Virgin Atlantic plan to challenge a proposed Heathrow terminal move. The outcome could affect their airport operations, but no immediate financial impact was reported. Delta Air Lines, Virgin Atlantic to Challenge Heathrow Terminal Move
- Negative Sentiment: Reports cited bearish options positioning in DAL and broader airline-sector weakness, adding to near-term selling pressure amid fuel-cost concerns. 2 Airline Stocks Drawing Unusual Options Volume Today
Delta Air Lines Stock Performance
NYSE:DAL opened at $86.52 on Friday. The company has a 50-day moving average of $81.78 and a 200-day moving average of $77.56. The firm has a market cap of $56.92 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 1.34 and a beta of 1.43. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. Delta Air Lines, Inc. has a twelve month low of $55.27 and a twelve month 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 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.05). The business had revenue of $17.59 billion during the quarter, compared to the consensus estimate of $17.64 billion. Delta Air Lines had a return on equity of 16.83% and a net margin of 4.58%. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.71 earnings per share. 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 forecast that Delta Air Lines, Inc. will post 5.33 earnings per share for the current fiscal year.
Delta Air Lines Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th were given a dividend of $0.2150 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, October 15th. Delta Air Lines’s dividend payout ratio is 17.17%.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on DAL. Cantor Fitzgerald set a $101.00 price objective on shares of Delta Air Lines in a report on Friday, October 2nd. BMO Capital Markets boosted their target price on Delta Air Lines from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, October 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Delta Air Lines in a research report on Monday, October 19th. TD Cowen cut their target price on Delta Air Lines from $105.00 to $101.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Finally, Susquehanna decreased their price target on Delta Air Lines from $100.00 to $95.00 and set a “positive” rating for the company in a research note on Monday, October 12th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.65.
Check Out Our Latest Analysis on DAL
Insider Activity
In other news, EVP Alain Bellemare sold 28,000 shares of the firm’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $85.93, for a total transaction of $2,406,040.00. Following the completion of the sale, the executive vice president directly owned 80,025 shares of the company’s stock, valued at $6,876,548.25. This trade represents a 25.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Edward Bastian sold 50,000 shares of the firm’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $82.00, for a total value of $4,100,000.00. Following the sale, the chief executive officer directly owned 1,313,448 shares of the company’s stock, valued at approximately $107,702,736. This represents a 3.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 122,950 shares of company stock worth $10,519,626. Insiders own 0.80% of the company’s stock.
Delta Air Lines Company Profile
Delta Air Lines is a U.S.-based airline that provides passenger and cargo transportation. It serves domestic and international destinations through its own flights and relationships with partner airlines, with major hubs including Atlanta, Detroit, Minneapolis–Saint Paul, New York, and Salt Lake City. The company offers multiple cabin and fare options, including Delta One, First Class, Delta Comfort+ and Main Cabin. Its other businesses and services include Delta Cargo, the SkyMiles loyalty program, and aircraft maintenance and repair services through Delta TechOps.
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