Delta Air Lines, Inc. $DAL Stock Bought by Vise Technologies Inc.

Vise Technologies Inc. raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 24.7% in the third quarter, Holdings Channel reports. The fund owned 51,056 shares of the transportation company’s stock after acquiring an additional 10,116 shares during the period. Vise Technologies Inc.’s holdings in Delta Air Lines were worth $4,261,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its holdings in shares of Delta Air Lines by 3.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 3,535 shares of the transportation company’s stock worth $331,000 after purchasing an additional 129 shares during the last quarter. Arlington Trust Co LLC increased its position in shares of Delta Air Lines by 11.7% during the 2nd quarter. Arlington Trust Co LLC now owns 1,238 shares of the transportation company’s stock worth $116,000 after purchasing an additional 130 shares in the last quarter. Guardian Wealth Advisors LLC NC increased its position in shares of Delta Air Lines by 3.5% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 3,900 shares of the transportation company’s stock worth $365,000 after purchasing an additional 131 shares in the last quarter. Founders Financial Securities LLC increased its position in shares of Delta Air Lines by 5.3% during the 3rd quarter. Founders Financial Securities LLC now owns 2,675 shares of the transportation company’s stock worth $223,000 after purchasing an additional 135 shares in the last quarter. Finally, GoalVest Advisory LLC lifted its holdings in Delta Air Lines by 13.9% during the 3rd quarter. GoalVest Advisory LLC now owns 1,187 shares of the transportation company’s stock valued at $101,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Price Performance

Shares of DAL stock opened at $83.39 on Wednesday. The stock’s fifty day moving average is $80.52 and its 200-day moving average is $76.85. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.40. The stock has a market capitalization of $54.87 billion, a PE ratio of 16.65, a PEG ratio of 1.49 and a beta of 1.43. Delta Air Lines, Inc. has a 52 week low of $55.03 and a 52 week high of $95.68.

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 analysts’ consensus estimates of $1.77 by ($0.05). The business had revenue of $17.59 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.71 earnings per share. 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. Equities research analysts expect that Delta Air Lines, Inc. will post 5.34 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

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 paid a $0.2150 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. Delta Air Lines’s payout ratio is currently 17.17%.

Insider Buying and Selling at Delta Air Lines

In other news, CEO Edward Bastian sold 50,000 shares of the company’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 directly owned 1,313,448 shares in the company, valued at approximately $107,702,736. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays reduced their price target on shares of Delta Air Lines from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Friday, September 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Delta Air Lines in a report on Monday, October 19th. Rothschild & Co Redburn raised their price objective on shares of Delta Air Lines from $104.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, September 18th. Morgan Stanley lifted their target price on shares of Delta Air Lines from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Finally, Seaport Research Partners reissued a “buy” rating and issued a $100.00 target price on shares of Delta Air Lines in a report on Monday, October 12th. Twenty-two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $99.65.

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.