Generate Investment Management Ltd Acquires 190,246 Shares of Delta Air Lines, Inc. $DAL

Generate Investment Management Ltd acquired a new stake in Delta Air Lines, Inc. (NYSE:DAL) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 190,246 shares of the transportation company’s stock, valued at approximately $15,878,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DAL. First Citizens Bank & Trust Co. grew its position in Delta Air Lines by 277.8% in the third quarter. First Citizens Bank & Trust Co. now owns 11,129 shares of the transportation company’s stock valued at $929,000 after acquiring an additional 8,183 shares during the last quarter. Focus Financial Network Inc. lifted its holdings in shares of Delta Air Lines by 0.7% in the third quarter. Focus Financial Network Inc. now owns 72,284 shares of the transportation company’s stock worth $6,033,000 after acquiring an additional 488 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Delta Air Lines by 16.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 16,355 shares of the transportation company’s stock worth $1,365,000 after acquiring an additional 2,252 shares during the last quarter. Krilogy Financial LLC boosted its stake in shares of Delta Air Lines by 15.7% in the 3rd quarter. Krilogy Financial LLC now owns 27,558 shares of the transportation company’s stock valued at $2,300,000 after purchasing an additional 3,738 shares in the last quarter. Finally, Sax Wealth Advisors LLC acquired a new stake in shares of Delta Air Lines in the 3rd quarter valued at approximately $266,000. Institutional investors own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DAL shares. Wells Fargo & Company decreased their price target on shares of Delta Air Lines from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, October 6th. Sanford C. Bernstein cut their target price on shares of Delta Air Lines from $106.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Delta Air Lines in a research note on Monday, August 3rd. Barclays decreased their target price on shares of Delta Air Lines from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Friday, September 11th. Finally, Evercore upped their price target on shares of Delta Air Lines from $85.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Twenty-two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Delta Air Lines currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.65.

Delta Air Lines Trading Down 4.3%

Shares of DAL stock traded down $3.39 during trading hours on Wednesday, hitting $76.18. 2,751,233 shares of the company’s stock traded hands, compared to its average volume of 8,583,262. The stock’s 50 day simple moving average is $83.01 and its 200 day simple moving average is $80.12. The stock has a market cap of $50.12 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 1.45 and a beta of 1.34. Delta Air Lines, Inc. has a 12 month low of $55.03 and a 12 month high of $95.68. 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 (NYSE:DAL) last issued its quarterly earnings data on Friday, October 9th. The transportation company reported $1.72 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 16.83% and a net margin of 4.58%. 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 firm 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. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 5.25 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.2150 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 15th. Delta Air Lines’s dividend payout ratio is currently 17.17%.

Insider Activity

In other news, CEO Edward H. Bastian sold 206,510 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $92.80, for a total value of $19,164,128.00. Following the sale, the chief executive officer directly owned 1,363,448 shares of the company’s stock, valued at approximately $126,527,974.40. This represents a 13.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Steven M. Sear sold 40,460 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $93.55, for a total transaction of $3,785,033.00. Following the completion of the sale, the executive vice president directly owned 104,404 shares in the company, valued at approximately $9,766,994.20. This represents a 27.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 356,726 shares of company stock worth $33,081,037. 0.80% of the stock is owned by insiders.

About Delta Air Lines

Delta Air Lines, Inc is a major U.S. airline that provides scheduled passenger and air freight transportation. The company serves destinations throughout the United States and connects customers to international markets across Europe, Asia, Latin America, Canada, Africa and the Caribbean through its own operations and regional airline partners.

Delta offers multiple classes of passenger service, including premium cabins and its main cabin, along with travel-related products such as vacation packages and loyalty benefits through the SkyMiles program.