153,175 Shares of Delta Air Lines, Inc. $DAL Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 153,175 shares of the transportation company’s stock, valued at approximately $12,784,000.

Several other hedge funds have also recently modified their holdings of DAL. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Delta Air Lines during the 2nd quarter valued at $28,829,000. Bessemer Group Inc. grew its stake in shares of Delta Air Lines by 105.3% during the 1st quarter. Bessemer Group Inc. now owns 39,018 shares of the transportation company’s stock worth $2,595,000 after acquiring an additional 20,012 shares during the period. Baird Financial Group Inc. increased its holdings in Delta Air Lines by 45.1% in the 2nd quarter. Baird Financial Group Inc. now owns 449,986 shares of the transportation company’s stock worth $42,146,000 after acquiring an additional 139,799 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in Delta Air Lines by 646.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 45,161 shares of the transportation company’s stock worth $4,207,000 after acquiring an additional 39,112 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Delta Air Lines by 102.3% in the 1st quarter. NewEdge Advisors LLC now owns 105,966 shares of the transportation company’s stock worth $7,045,000 after acquiring an additional 53,581 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In other news, CEO Edward Bastian sold 50,000 shares of Delta Air Lines stock in a transaction dated Thursday, October 29th. The stock was 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 in the company, valued at approximately $107,702,736. This trade represents a 3.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.80% of the stock is currently owned by insiders.

Delta Air Lines Price Performance

DAL stock opened at $83.39 on Wednesday. The firm has a 50 day moving average of $80.52 and a 200-day moving average of $76.85. 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 12 month low of $55.03 and a 12 month high of $95.68. The firm has a market capitalization of $54.87 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 1.49 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Friday, October 9th. The transportation company reported $1.72 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.05). The firm had revenue of $17.59 billion for the quarter, compared to analysts’ expectations of $17.64 billion. Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. Delta Air Lines’s revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the firm posted $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. As a group, sell-side analysts predict that Delta Air Lines, Inc. will post 5.34 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Thursday, October 15th will be issued a $0.2150 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. Delta Air Lines’s dividend payout ratio (DPR) is presently 17.17%.

Wall Street Analyst Weigh In

DAL has been the topic of several recent research reports. UBS Group dropped their price objective on shares of Delta Air Lines from $105.00 to $102.00 and set a “buy” rating on the stock in a report on Monday, October 12th. JPMorgan Chase & Co. increased their target price on shares of Delta Air Lines from $85.00 to $114.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. TD Cowen reduced their target price on shares of 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. Argus set a $95.00 price target on shares of Delta Air Lines in a research report on Monday, October 12th. Finally, Rothschild & Co Redburn upped their price target on shares of Delta Air Lines from $104.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, September 18th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Delta Air Lines currently has a consensus 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.