Delta Air Lines, Inc. $DAL Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lessened its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,133 shares of the transportation company’s stock after selling 7,190 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Delta Air Lines were worth $6,104,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Legacy Wealth Management LLC MS boosted its holdings in shares of Delta Air Lines by 8.7% in the third quarter. Legacy Wealth Management LLC MS now owns 4,812 shares of the transportation company’s stock valued at $402,000 after acquiring an additional 387 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC increased its stake in shares of Delta Air Lines by 705.2% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 17,376 shares of the transportation company’s stock worth $1,450,000 after acquiring an additional 15,218 shares during the period. Signature Equity Partners LLC raised its holdings in Delta Air Lines by 66.2% during the third quarter. Signature Equity Partners LLC now owns 894 shares of the transportation company’s stock worth $75,000 after purchasing an additional 356 shares in the last quarter. Summit Wealth Group LLC Co. raised its holdings in Delta Air Lines by 8.0% during the third quarter. Summit Wealth Group LLC Co. now owns 3,283 shares of the transportation company’s stock worth $274,000 after purchasing an additional 244 shares in the last quarter. Finally, Welch Group LLC raised its holdings in Delta Air Lines by 11.9% during the third quarter. Welch Group LLC now owns 3,303 shares of the transportation company’s stock worth $276,000 after purchasing an additional 351 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DAL has been the topic of a number of analyst reports. Seaport Research Partners reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Delta Air Lines in a report on Monday, October 12th. Jefferies Financial Group increased their price objective on Delta Air Lines from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Zacks Research downgraded Delta Air Lines from a “hold” rating to a “strong sell” rating in a report on Monday, September 28th. Barclays reduced their price objective on shares of 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. Finally, Rothschild & Co Redburn boosted their target price on Delta Air Lines from $104.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, September 18th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $99.65.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, CEO Edward Bastian sold 50,000 shares of the business’s 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 of the company’s stock, valued at approximately $107,702,736. The trade was a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.80% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $89.29 on Thursday. 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 firm has a market capitalization of $58.75 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 1.49 and a beta of 1.43. Delta Air Lines, Inc. has a one year low of $55.27 and a one year high of $95.68. The company has a 50 day moving average price of $80.63 and a 200 day moving average price of $76.94.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Friday, October 9th. The transportation company reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $17.59 billion during the quarter, compared to analyst estimates of $17.64 billion. During the same quarter last year, the business earned $1.71 EPS. The firm’s revenue for the quarter 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. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 5.34 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently declared 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 1.0%. The ex-dividend date of this dividend is Thursday, October 15th. Delta Air Lines’s payout ratio is 17.17%.

Delta Air Lines Company 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.