55,274 Delta Air Lines, Inc. $DAL Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 86.3% during the third quarter, HoldingsChannel.com reports. The fund owned 119,299 shares of the transportation company’s stock after buying an additional 55,274 shares during the quarter. State of Alaska Department of Revenue’s holdings in Delta Air Lines were worth $9,957,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DAL. WealthPlan Investment Management LLC raised its holdings in shares of Delta Air Lines by 5.2% during the 3rd quarter. WealthPlan Investment Management LLC now owns 2,934 shares of the transportation company’s stock worth $245,000 after buying an additional 146 shares in the last quarter. B.A. Schrock Wealth Management Inc. bought a new stake in shares of Delta Air Lines during the 3rd quarter worth $300,000. Mather Group LLC. boosted its stake in Delta Air Lines by 17.3% in the third quarter. Mather Group LLC. now owns 4,137 shares of the transportation company’s stock valued at $383,000 after buying an additional 611 shares in the last quarter. Fortitude Family Office LLC boosted its stake in Delta Air Lines by 16.3% in the third quarter. Fortitude Family Office LLC now owns 1,541 shares of the transportation company’s stock valued at $129,000 after buying an additional 216 shares in the last quarter. Finally, Generate Investment Management Ltd bought a new position in Delta Air Lines in the third quarter valued at about $15,878,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on DAL shares. Benchmark reissued a “buy” rating on shares of Delta Air Lines in a research note on Wednesday, July 8th. Wells Fargo & Company dropped their target price on shares of Delta Air Lines from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, October 6th. Sanford C. Bernstein reduced their price target on shares of Delta Air Lines from $106.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 7th. Seaport Research Partners restated a “buy” rating and issued a $100.00 price target on shares of Delta Air Lines in a research note on Monday. Finally, Citigroup lifted their price target on shares of Delta Air Lines from $106.00 to $110.00 and gave the company a “buy” rating in a report on Sunday, July 12th. Twenty-two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $99.65.

Insiders Place Their Bets

In other news, EVP Alain Bellemare sold 35,000 shares of Delta Air Lines stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $92.72, for a total transaction of $3,245,200.00. Following the sale, the executive vice president directly owned 95,025 shares of the company’s stock, valued at approximately $8,810,718. This trade represents a 26.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 206,510 shares of Delta Air Lines stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $92.80, for a total value of $19,164,128.00. Following the sale, the chief executive officer directly owned 1,363,448 shares in the company, valued at $126,527,974.40. The trade was a 13.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 356,726 shares of company stock worth $33,081,037. Company insiders own 0.80% of the company’s stock.

Delta Air Lines Stock Up 1.9%

Shares of NYSE:DAL opened at $78.10 on Friday. The company has a fifty day moving average of $82.40 and a 200-day moving average of $80.28. The company has a market capitalization of $51.38 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 1.37 and a beta of 1.34. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.40. Delta Air Lines, Inc. has a 52-week low of $55.03 and a 52-week high of $95.68.

Delta Air Lines (NYSE:DAL) last announced its quarterly 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). Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. The firm had revenue of $17.59 billion during the quarter, compared to the consensus estimate of $17.64 billion. During the same quarter in the previous year, the company posted $1.71 earnings per share. The firm’s revenue 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. On average, equities analysts predict that Delta Air Lines, Inc. will post 5.32 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 15th. Delta Air Lines’s dividend payout ratio is presently 17.17%.

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.