Waycross Partners LLC Has $22.19 Million Stock Position in Delta Air Lines, Inc. $DAL

Waycross Partners LLC boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 391,090 shares of the transportation company’s stock after acquiring an additional 8,602 shares during the period. Delta Air Lines accounts for about 1.9% of Waycross Partners LLC’s holdings, making the stock its 21st biggest position. Waycross Partners LLC’s holdings in Delta Air Lines were worth $22,194,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of Delta Air Lines by 33.5% in the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after purchasing an additional 2,302 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Delta Air Lines during the first quarter worth $178,000. Sivia Capital Partners LLC acquired a new position in Delta Air Lines during the second quarter worth $555,000. Koshinski Asset Management Inc. lifted its stake in shares of Delta Air Lines by 8.8% in the second quarter. Koshinski Asset Management Inc. now owns 5,782 shares of the transportation company’s stock valued at $284,000 after buying an additional 466 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its holdings in shares of Delta Air Lines by 0.4% during the second quarter. Mutual of America Capital Management LLC now owns 74,897 shares of the transportation company’s stock valued at $3,683,000 after buying an additional 269 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Argus set a $80.00 target price on shares of Delta Air Lines in a report on Wednesday, January 14th. The Goldman Sachs Group boosted their price objective on Delta Air Lines from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Dbs Bank raised Delta Air Lines to a “moderate buy” rating in a research note on Monday, January 19th. TD Cowen reaffirmed a “buy” rating on shares of Delta Air Lines in a research report on Wednesday, January 7th. Finally, Wolfe Research upped their price target on Delta Air Lines from $70.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating and twenty-two have issued 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 price target of $80.47.

Insider Activity

In other Delta Air Lines news, EVP Erik Storey Snell sold 39,420 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $71.02, for a total value of $2,799,608.40. Following the sale, the executive vice president directly owned 35,625 shares in the company, valued at $2,530,087.50. The trade was a 52.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Edward H. Bastian sold 173,230 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $71.00, for a total value of $12,299,330.00. Following the transaction, the chief executive officer directly owned 632,823 shares in the company, valued at $44,930,433. This represents a 21.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 520,550 shares of company stock worth $37,101,667. 0.96% of the stock is owned by insiders.

Delta Air Lines Stock Up 2.6%

DAL stock opened at $70.78 on Wednesday. The stock has a market cap of $46.23 billion, a P/E ratio of 9.23, a P/E/G ratio of 0.67 and a beta of 1.37. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.60. The stock’s fifty day simple moving average is $70.12 and its two-hundred day simple moving average is $63.28. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $76.39.

Delta Air Lines (NYSE:DAL) last released its earnings results on Tuesday, January 13th. The transportation company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The company had revenue of $14.61 billion for the quarter, compared to analysts’ expectations of $15.80 billion. Delta Air Lines had a return on equity of 20.96% and a net margin of 7.90%.The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.85 EPS. Delta Air Lines has set its Q1 2026 guidance at 0.500-0.900 EPS and its FY 2026 guidance at 6.500-7.500 EPS. Analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, February 26th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 26th. Delta Air Lines’s dividend payout ratio is currently 9.78%.

Delta Air Lines Company Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.