Delta Air Lines, Inc. $DAL Stock: Glaxis Capital Management LLC Boosts Stake

Glaxis Capital Management LLC grew its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 100.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the transportation company’s stock after acquiring an additional 10,000 shares during the period. Delta Air Lines comprises approximately 4.0% of Glaxis Capital Management LLC’s holdings, making the stock its 8th biggest position. Glaxis Capital Management LLC’s holdings in Delta Air Lines were worth $1,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Delta Air Lines in the second quarter valued at about $28,829,000. TD Waterhouse Canada Inc. raised its stake in Delta Air Lines by 646.6% during the second quarter. TD Waterhouse Canada Inc. now owns 45,161 shares of the transportation company’s stock valued at $4,207,000 after buying an additional 39,112 shares in the last quarter. Baird Financial Group Inc. raised its stake in 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 valued at $42,146,000 after buying an additional 139,799 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Delta Air Lines by 105.3% during the 1st 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 during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Delta Air Lines by 102.3% during the 1st quarter. NewEdge Advisors LLC now owns 105,966 shares of the transportation company’s stock worth $7,045,000 after buying an additional 53,581 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL opened at $85.42 on Friday. The firm has a 50-day moving average price of $80.67 and a 200 day moving average price of $77.02. The firm has a market capitalization of $56.20 billion, a PE ratio of 17.05, a P/E/G ratio of 1.59 and a beta of 1.43. 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 52-week low of $55.27 and a 52-week high of $95.68.

Delta Air Lines (NYSE:DAL) last released its earnings results on Friday, October 9th. The transportation company reported $1.72 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 company had revenue of $17.59 billion for the quarter, compared to analyst estimates of $17.64 billion. During the same period in the previous year, the business posted $1.71 EPS. The firm’s quarterly 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, sell-side analysts anticipate that Delta Air Lines, Inc. will post 5.34 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th were issued a $0.2150 dividend. The ex-dividend date was Thursday, October 15th. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. Delta Air Lines’s dividend payout ratio (DPR) is 17.17%.

Wall Street Analyst Weigh In

DAL has been the subject of a number of research reports. Susquehanna decreased their price objective on shares of Delta Air Lines from $100.00 to $95.00 and set a “positive” rating for the company in a report on Monday, October 12th. Sanford C. Bernstein decreased their price objective on Delta Air Lines from $106.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, October 7th. Argus set a $95.00 target price on Delta Air Lines in a research report on Monday, October 12th. Seaport Research Partners reaffirmed a “buy” rating and set a $100.00 target price on shares of Delta Air Lines in a research note on Monday, October 12th. Finally, Jefferies Financial Group lifted their target price on Delta Air Lines from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Twenty-two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $99.65.

Insider Activity

In related news, CEO Edward Bastian sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $82.00, for a total transaction of $4,100,000.00. Following the transaction, the chief executive officer owned 1,313,448 shares in the company, valued at $107,702,736. This trade represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is owned by company insiders.

Delta Air Lines Company 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.