Delta Air Lines, Inc. $DAL Position Lifted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 68.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,861 shares of the transportation company’s stock after purchasing an additional 30,700 shares during the period. TD Waterhouse Canada Inc.’s holdings in Delta Air Lines were worth $6,404,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in Delta Air Lines during the 2nd quarter valued at about $1,182,646,000. Great Lakes Advisors LLC acquired a new position in shares of Delta Air Lines during the second quarter valued at about $160,265,000. Pacer Advisors Inc. raised its position in shares of Delta Air Lines by 50.9% in the 1st quarter. Pacer Advisors Inc. now owns 4,033,595 shares of the transportation company’s stock valued at $268,153,000 after purchasing an additional 1,360,195 shares during the last quarter. Rokos Capital Management LLP purchased a new position in shares of Delta Air Lines in the 1st quarter valued at approximately $37,578,000. Finally, First Trust Advisors LP raised its position in shares of Delta Air Lines by 95.5% in the 1st quarter. First Trust Advisors LP now owns 942,773 shares of the transportation company’s stock valued at $62,676,000 after purchasing an additional 460,465 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Edward Bastian sold 206,510 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $92.80, for a total transaction of $19,164,128.00. Following the completion of the sale, the chief executive officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David G. Dewalt sold 31,756 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $90.85, for a total transaction of $2,885,032.60. Following the completion of the sale, the director owned 22,358 shares of the company’s stock, valued at approximately $2,031,224.30. The trade was a 58.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 356,726 shares of company stock valued at $33,081,037 in the last ninety days. 0.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Evercore boosted their target price on shares of Delta Air Lines from $85.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Susquehanna lowered their price objective on shares of Delta Air Lines from $100.00 to $95.00 and set a “positive” rating for the company in a research note on Monday, October 12th. 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. Rothschild & Co Redburn upped their target price on Delta Air Lines from $104.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, September 18th. Finally, JPMorgan Chase & Co. upped their target price on Delta Air Lines from $85.00 to $114.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Twenty-two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $99.65.

Delta Air Lines Stock Down 1.1%

Shares of NYSE DAL opened at $74.56 on Tuesday. The company’s 50-day simple moving average is $81.80 and its 200-day simple moving average is $80.43. Delta Air Lines, Inc. has a 52-week low of $55.03 and a 52-week high of $95.68. The firm has a market cap of $49.06 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 1.35 and a beta of 1.34. 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 released its quarterly earnings results 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 company had revenue of $17.59 billion for the quarter, compared to analyst estimates of $17.64 billion. Delta Air Lines had a return on equity of 16.83% and a net margin of 4.58%. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter last year, the company 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. Equities analysts predict that Delta Air Lines, Inc. will post 5.32 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Thursday, October 15th will be given a dividend of $0.2150 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.86 dividend on an annualized basis and a yield of 1.2%. Delta Air Lines’s payout ratio is presently 17.17%.

Key Stories Impacting Delta Air Lines

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: Delta plans to add more than 45 round-trip flights and approximately 6,000 seats from Boston for the 2027 Patriots’ Day and spring-break period. The 15% capacity increase is intended to capture strong leisure demand and strengthen Delta’s competitive position in Boston. Delta Air Lines Expands Boston Flights for Spring Break Demand
• Positive Sentiment: UBS said Delta’s fourth-quarter guidance is strong enough to modestly raise the revenue expectations for peer airlines, suggesting resilient demand and potentially favorable industry conditions. Delta Air Lines’ Q4 Guidance Slightly Raises Revenue Bar for Peers, UBS Says
• Neutral Sentiment: Brokerage analysts continue to view DAL favorably based on its average recommendation, but the article cautions that sell-side ratings can be overly optimistic and should not be treated as a stand-alone buy signal. Delta Is Considered a Good Investment by Brokers
• Negative Sentiment: Delta reportedly reduced its 2026 earnings outlook, which is the clearest pressure on the stock. Lower expected profits can lead investors to reduce valuation estimates, despite the company’s projected full-year EPS range and ongoing revenue growth. Delta Cuts 2026 Earnings Outlook
• Negative Sentiment: Elon Musk criticized Delta for choosing Amazon’s onboard connectivity solution instead of Starlink, arguing that Starlink could become a competitive necessity for airlines. The comments raise concerns about Delta potentially falling behind rivals adopting Starlink, although they do not represent a confirmed change in Delta’s strategy. Elon Musk Criticizes Delta’s Connectivity Decision
• Negative Sentiment: Delta’s CEO indicated that higher fuel costs are likely to keep airfares elevated, potentially limiting passenger demand and increasing pressure on consumers and operating costs. Delta CEO Discusses Airfare Pricing

About Delta Air Lines

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.