Delta Air Lines, Inc. $DAL Stock Purchased by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. lifted its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 345.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,967 shares of the transportation company’s stock after acquiring an additional 51,931 shares during the quarter. Delta Air Lines makes up approximately 0.7% of University of Texas Texas AM Investment Management Co.’s holdings, making the stock its 28th biggest position. University of Texas Texas AM Investment Management Co.’s holdings in Delta Air Lines were worth $5,589,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DAL. M Holdings Securities Inc. bought a new position in shares of Delta Air Lines in the third quarter worth approximately $549,000. Brighton Jones LLC increased its stake in shares of Delta Air Lines by 1.4% in the third quarter. Brighton Jones LLC now owns 51,220 shares of the transportation company’s stock worth $4,275,000 after purchasing an additional 695 shares in the last quarter. Ethic Inc. increased its stake in shares of Delta Air Lines by 9.5% in the third quarter. Ethic Inc. now owns 21,058 shares of the transportation company’s stock worth $1,757,000 after purchasing an additional 1,820 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Delta Air Lines by 6.6% during the 3rd quarter. Parallel Advisors LLC now owns 15,143 shares of the transportation company’s stock valued at $1,264,000 after purchasing an additional 938 shares during the period. Finally, United Advisor Group LLC bought a new stake in shares of Delta Air Lines during the 3rd quarter valued at $412,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Trading Up 0.2%

DAL stock opened at $87.36 on Monday. 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, Inc. has a 1-year low of $55.27 and a 1-year high of $95.68. The business has a 50 day simple moving average of $80.80 and a two-hundred day simple moving average of $77.12. The company has a market capitalization of $57.48 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 1.56 and a beta of 1.43.

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 return on equity of 16.83% and a net margin of 4.58%. The company had revenue of $17.59 billion during the quarter, compared to analysts’ expectations of $17.64 billion. During the same period last year, the firm posted $1.71 EPS. Delta Air Lines’s quarterly revenue 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. Research analysts anticipate that Delta Air Lines, Inc. will post 5.34 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Delta Air Lines in a research note on Monday, October 19th. JPMorgan Chase & Co. increased their price target on Delta Air Lines from $85.00 to $114.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Barclays cut their price target on 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. Argus set a $95.00 price target on Delta Air Lines in a report on Monday, October 12th. Finally, Wells Fargo & Company lowered their price objective on Delta Air Lines from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 6th. Twenty-two research 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, the company has a consensus rating of “Moderate Buy” and an average price target of $99.65.

Insiders Place Their Bets

In other Delta Air Lines news, CEO Edward Bastian sold 50,000 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were 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 $107,702,736. The trade was a 3.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Peter Carter sold 44,950 shares of the stock in a transaction dated 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 of the company’s stock, valued at $33,908,234.66. This trade represents a 10.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.80% of the company’s stock.

Delta Air Lines Company Profile

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.

Delta traces its roots to Huff Daland Dusters, an aerial crop-dusting company established in 1925, and began carrying passengers in 1929.