Delta Air Lines, Inc. $DAL Holdings Decreased by Waycross Partners LLC

Waycross Partners LLC decreased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 24.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 319,737 shares of the transportation company’s stock after selling 104,108 shares during the quarter. Delta Air Lines makes up 2.1% of Waycross Partners LLC’s holdings, making the stock its 23rd largest holding. Waycross Partners LLC’s holdings in Delta Air Lines were worth $26,685,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Markowski Investments bought a new stake in shares of Delta Air Lines in the second quarter valued at about $27,000. Timbuktu Capital Management LLC bought a new position in Delta Air Lines during the 2nd quarter worth about $31,000. Elevation Wealth Partners LLC grew its holdings in Delta Air Lines by 195.9% during the 2nd quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company’s stock worth $34,000 after acquiring an additional 237 shares in the last quarter. Pension & Wealth Management Advisors Inc. purchased a new position in Delta Air Lines during the 3rd quarter valued at about $44,000. Finally, Atlas Wealth LLC purchased a new position in Delta Air Lines during the 1st quarter valued at about $35,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Up 2.3%

DAL traded up $2.00 on Friday, hitting $87.36. The company had a trading volume of 6,120,664 shares, compared to its average volume of 7,057,670. The stock has a market capitalization of $57.48 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 1.49 and a beta of 1.43. 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 fifty day moving average price of $80.80 and a 200-day moving average price of $77.12. Delta Air Lines, Inc. has a 12-month low of $55.27 and a 12-month 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 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 firm had revenue of $17.59 billion for the quarter, compared to analysts’ expectations of $17.64 billion. During the same period in the previous year, the company posted $1.71 earnings per share. The business’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. Analysts predict that Delta Air Lines, Inc. will post 5.34 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently commented on DAL. Zacks Research lowered shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a report on Monday, September 28th. Jefferies Financial Group increased their price objective on shares of Delta Air Lines from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 10th. 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, October 12th. Citigroup boosted their price objective on shares of Delta Air Lines from $106.00 to $110.00 and gave the stock a “buy” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Delta Air Lines in a report on Monday, October 19th. 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 stock. According to data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Moderate Buy” and an average target price of $99.65.

Insider Buying and Selling

In other Delta Air Lines news, President Peter Carter sold 44,950 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $89.29, for a total value of $4,013,585.50. Following the completion of the sale, the president directly owned 379,754 shares in the company, valued at $33,908,234.66. This trade represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the sale, the chief executive officer owned 1,313,448 shares of the company’s stock, valued at approximately $107,702,736. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.80% of the company’s stock.

About Delta Air Lines

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.