Delta Air Lines, Inc. $DAL Position Cut by ProShare Advisors LLC

ProShare Advisors LLC lessened its position in Delta Air Lines, Inc. (NYSE:DAL) by 10.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 96,332 shares of the transportation company’s stock after selling 11,098 shares during the period. ProShare Advisors LLC’s holdings in Delta Air Lines were worth $8,040,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Vise Technologies Inc. increased its position in shares of Delta Air Lines by 24.7% in the 3rd quarter. Vise Technologies Inc. now owns 51,056 shares of the transportation company’s stock valued at $4,261,000 after buying an additional 10,116 shares in the last quarter. MGO One Seven LLC lifted its holdings in Delta Air Lines by 65.2% during the third quarter. MGO One Seven LLC now owns 13,058 shares of the transportation company’s stock worth $1,090,000 after acquiring an additional 5,156 shares in the last quarter. Aprio Wealth Management LLC grew its stake in Delta Air Lines by 5.1% in the third quarter. Aprio Wealth Management LLC now owns 11,045 shares of the transportation company’s stock valued at $922,000 after acquiring an additional 535 shares during the period. International Assets Investment Management LLC grew its stake in Delta Air Lines by 426.1% in the third quarter. International Assets Investment Management LLC now owns 50,000 shares of the transportation company’s stock valued at $4,173,000 after acquiring an additional 40,496 shares during the period. Finally, Payden & Rygel acquired a new position in Delta Air Lines in the third quarter valued at about $12,799,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DAL shares. Weiss Ratings restated a “hold (c+)” rating on shares of Delta Air Lines in a report on Monday, October 19th. Sanford C. Bernstein cut their price objective on Delta Air Lines from $106.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, October 7th. Raymond James Financial reiterated an “outperform” rating and issued a $100.00 price objective on shares of Delta Air Lines in a research report on Wednesday, October 7th. UBS Group decreased their price objective on Delta Air Lines from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 12th. Finally, TD Cowen lowered their target price 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. Twenty-two 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. Based on data from MarketBeat, Delta Air Lines presently has a consensus rating of “Moderate Buy” and an average price target of $99.65.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, CEO Edward Bastian sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The stock was sold at an average price of $82.00, for a total value of $4,100,000.00. Following the sale, the chief executive officer owned 1,313,448 shares in the company, valued at approximately $107,702,736. The trade was a 3.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.80% of the company’s stock.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $89.29 on Thursday. The firm has a market cap of $58.75 billion, a PE ratio of 17.82, a PEG ratio of 1.49 and a beta of 1.43. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. Delta Air Lines, Inc. has a 1-year low of $55.27 and a 1-year high of $95.68. The company has a fifty day moving average price of $80.63 and a 200 day moving average price of $76.94.

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). The firm had revenue of $17.59 billion during the quarter, compared to analyst estimates of $17.64 billion. Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.71 EPS. 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. Research analysts predict that Delta Air Lines, Inc. will post 5.34 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Thursday, October 15th will be given a $0.2150 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, October 15th. Delta Air Lines’s dividend payout ratio (DPR) is currently 17.17%.

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.