New York Life Investment Management LLC decreased its position in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 8.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 88,116 shares of the transportation company’s stock after selling 8,476 shares during the period. New York Life Investment Management LLC’s holdings in Delta Air Lines were worth $7,354,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 71 West Capital Partners grew its position 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 worth $461,000 after purchasing an additional 123 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Delta Air Lines by 3.8% in the second quarter. Parkside Financial Bank & Trust now owns 3,535 shares of the transportation company’s stock valued at $331,000 after purchasing an additional 129 shares in the last quarter. Arlington Trust Co LLC lifted its holdings in shares of Delta Air Lines by 11.7% in the second quarter. Arlington Trust Co LLC now owns 1,238 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 130 shares in the last quarter. Guardian Wealth Advisors LLC NC lifted its holdings in shares of Delta Air Lines by 3.5% in the second quarter. Guardian Wealth Advisors LLC NC now owns 3,900 shares of the transportation company’s stock valued at $365,000 after purchasing an additional 131 shares in the last quarter. Finally, REAP Financial Group LLC boosted its position in shares of Delta Air Lines by 6.6% in the third quarter. REAP Financial Group LLC now owns 2,119 shares of the transportation company’s stock worth $177,000 after buying an additional 131 shares during the period. 69.93% of the stock is currently owned by hedge funds and other institutional investors.
Delta Air Lines News Roundup
These are some of the DAL news items that stood out recently:
- 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: Traders acquired about 159,075 DAL call options—roughly 285% above typical daily volume. This may indicate increased bullish positioning, but unusual activity alone does not establish its direction or significance. 2 Airline Stocks Drawing Unusual Options Volume Today
- 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
Insider Activity
In related news, EVP Alain Bellemare sold 28,000 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $85.93, for a total value of $2,406,040.00. Following the transaction, the executive vice president owned 80,025 shares in the company, valued at approximately $6,876,548.25. This represents a 25.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Peter W. Carter sold 44,950 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $89.29, for a total transaction of $4,013,585.50. Following the transaction, the president directly owned 379,754 shares in the company, valued at approximately $33,908,234.66. The trade was a 10.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 122,950 shares of company stock worth $10,519,626 in the last three months. 0.80% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on DAL shares. UBS Group lowered their price target on Delta Air Lines from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 12th. Cantor Fitzgerald set a $101.00 price target on Delta Air Lines in a research report on Friday, October 2nd. TD Cowen reduced their price objective on Delta Air Lines from $105.00 to $101.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. Rothschild & Co Redburn raised their price objective on Delta Air Lines from $104.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, September 18th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Delta Air Lines in a research note on Monday, October 19th. Twenty-two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $99.65.
Read Our Latest Stock Report on Delta Air Lines
Delta Air Lines Price Performance
DAL opened at $86.52 on Friday. The stock has a market cap of $56.92 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.34 and a beta of 1.43. Delta Air Lines, Inc. has a 1 year low of $55.27 and a 1 year high of $95.68. 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 fifty day moving average price of $81.78 and a 200 day moving average price of $77.56.
Delta Air Lines (NYSE:DAL – Get Free Report) last issued 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). 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 analysts’ expectations of $17.64 billion. During the same quarter last year, the firm earned $1.71 EPS. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. 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 EPS for the current fiscal year.
Delta Air Lines Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th were issued a dividend of $0.2150 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, October 15th. Delta Air Lines’s payout ratio is currently 17.17%.
About Delta Air Lines
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.
See Also
- Five stocks we like better than Delta Air Lines
- Checkmate for AI Chips? NVIDIA’s Crisis Opens the Board
- Can NVIDIA Maintain Its Momentum Without Huang?
- Six Flags Lost $366 Million in Q3—Its Insiders Just Went Shopping
- What Went Wrong With Amprius Technologies’ Q3? Less Than You’d Think
Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL – Free Report).
Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.
