Delta Air Lines, Inc. $DAL Stock: Nisa Investment Advisors LLC Lowers Position

Nisa Investment Advisors LLC lowered its position in Delta Air Lines, Inc. (NYSE:DAL) by 5.8% during the third quarter, HoldingsChannel.com reports. The firm owned 145,231 shares of the transportation company’s stock after selling 8,886 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Delta Air Lines were worth $12,121,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of Delta Air Lines during the 2nd quarter valued at about $1,182,646,000. Pacer Advisors Inc. increased its holdings in Delta Air Lines by 50.9% in 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 during the last quarter. Great Lakes Advisors LLC acquired a new position in Delta Air Lines in the second quarter worth approximately $160,265,000. California Public Employees Retirement System raised its position in 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 valued at $97,702,000 after acquiring an additional 191,345 shares in the last quarter. Finally, Sei Investments Co. raised its position in 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 valued at $89,045,000 after acquiring an additional 300,288 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DAL has been the subject of a number of analyst reports. Wells Fargo & Company reduced 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 research note on Tuesday, October 6th. JPMorgan Chase & Co. raised their price target on shares of Delta Air Lines from $85.00 to $114.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Barclays reduced their price objective on shares of Delta Air Lines from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Friday, September 11th. Jefferies Financial Group upped their price objective on shares of Delta Air Lines from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Rothschild & Co Redburn increased their target price on shares of Delta Air Lines from $104.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, September 18th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.65.

Delta Air Lines Price Performance

NYSE:DAL opened at $79.12 on Friday. The stock has a market cap of $52.06 billion, a P/E ratio of 14.20, a PEG ratio of 1.39 and a beta of 1.34. Delta Air Lines, Inc. has a one year low of $55.03 and a one year high of $95.68. The company has a fifty day moving average price of $81.03 and a 200 day moving average price of $80.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.40 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Friday, October 9th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.05). The company had revenue of $17.59 billion during the quarter, compared to analyst estimates of $17.64 billion. Delta Air Lines had a return on equity of 16.83% and a net margin of 4.58%. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the business 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 anticipate that Delta Air Lines, Inc. will post 5.32 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.2150 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. Delta Air Lines’s dividend payout ratio is currently 17.17%.

Insiders Place Their Bets

In related news, EVP Alain Bellemare sold 35,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $92.72, for a total value of $3,245,200.00. Following the completion of the sale, the executive vice president owned 95,025 shares in the company, valued at approximately $8,810,718. This trade represents a 26.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Peter Carter sold 39,900 shares of Delta Air Lines stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $92.98, for a total value of $3,709,902.00. Following the sale, the president directly owned 424,704 shares in the company, valued at approximately $39,488,977.92. This trade represents a 8.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 356,726 shares of company stock valued at $33,081,037 in the last quarter. 0.80% of the stock is currently owned by insiders.

Delta Air Lines Profile

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.