14,025 Shares of Delta Air Lines, Inc. $DAL Acquired by New England Research & Management Inc.

New England Research & Management Inc. bought a new position in Delta Air Lines, Inc. (NYSE:DAL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,025 shares of the transportation company’s stock, valued at approximately $1,171,000.

A number of other hedge funds also recently made changes to their positions in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Delta Air Lines during the second quarter worth $28,829,000. Bessemer Group Inc. increased its holdings in shares of Delta Air Lines by 105.3% during the first quarter. Bessemer Group Inc. now owns 39,018 shares of the transportation company’s stock worth $2,595,000 after buying an additional 20,012 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of Delta Air Lines by 45.1% during the second quarter. Baird Financial Group Inc. now owns 449,986 shares of the transportation company’s stock worth $42,146,000 after buying an additional 139,799 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Delta Air Lines by 102.3% in the 1st quarter. NewEdge Advisors LLC now owns 105,966 shares of the transportation company’s stock valued at $7,045,000 after acquiring an additional 53,581 shares during the last quarter. Finally, Econ Financial Services Corp lifted its stake in shares of Delta Air Lines by 49.4% in the 1st quarter. Econ Financial Services Corp now owns 68,743 shares of the transportation company’s stock valued at $4,570,000 after acquiring an additional 22,718 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DAL. Seaport Research Partners reissued a “buy” rating and set a $100.00 price objective on shares of Delta Air Lines in a report on Monday. Susquehanna lowered their target price on Delta Air Lines from $100.00 to $95.00 and set a “positive” rating for the company in a report on Monday, October 12th. Raymond James Financial reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Delta Air Lines in a report on Wednesday, October 7th. Cantor Fitzgerald set a $101.00 target price on Delta Air Lines in a research report on Friday, October 2nd. Finally, Rothschild & Co Redburn lifted their price target on Delta Air Lines from $104.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, September 18th. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.65.

Delta Air Lines Trading Down 3.5%

NYSE DAL traded down $2.70 on Friday, hitting $75.38. The company’s stock had a trading volume of 5,894,486 shares, compared to its average volume of 8,413,102. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 0.42. Delta Air Lines, Inc. has a 1-year low of $55.03 and a 1-year high of $95.68. The company’s 50-day moving average is $82.09 and its 200 day moving average is $80.25. The firm has a market cap of $49.59 billion, a PE ratio of 15.05, a PEG ratio of 1.40 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last released 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). Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. The business had revenue of $17.59 billion for the quarter, compared to the consensus estimate of $17.64 billion. During the same period in the previous year, the business posted $1.71 EPS. Delta Air Lines’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. As a group, analysts predict that Delta Air Lines, Inc. will post 5.32 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business 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 dividend of $0.2150 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.86 annualized dividend and a yield of 1.1%. Delta Air Lines’s payout ratio is presently 17.17%.

Insider Activity

In other news, President Peter W. Carter sold 39,900 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $92.98, for a total transaction of $3,709,902.00. Following the completion of the transaction, the president directly owned 424,704 shares in the company, valued at $39,488,977.92. This trade represents a 8.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward H. Bastian sold 206,510 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $92.80, for a total value of $19,164,128.00. Following the completion of the transaction, the chief executive officer directly owned 1,363,448 shares in the company, valued at approximately $126,527,974.40. This represents a 13.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 356,726 shares of company stock worth $33,081,037. 0.80% of the stock is owned by corporate insiders.

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.