Delta Air Lines, Inc. $DAL Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 1,627.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 95,860 shares of the transportation company’s stock after acquiring an additional 90,312 shares during the period. Oppenheimer & Co. Inc.’s holdings in Delta Air Lines were worth $8,000,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DAL. Bank of New York Mellon Corp acquired a new position in shares of Delta Air Lines during the 2nd quarter worth approximately $1,182,646,000. Pacer Advisors Inc. increased its holdings in shares of Delta Air Lines by 50.9% during the first quarter. Pacer Advisors Inc. now owns 4,033,595 shares of the transportation company’s stock worth $268,153,000 after purchasing an additional 1,360,195 shares during the period. Great Lakes Advisors LLC bought a new position in shares of Delta Air Lines during the second quarter worth approximately $160,265,000. California Public Employees Retirement System raised its position in shares of Delta Air Lines by 15.0% in the first quarter. California Public Employees Retirement System now owns 1,469,652 shares of the transportation company’s stock valued at $97,702,000 after buying an additional 191,345 shares in the last quarter. Finally, U S Global Investors Inc. raised its position in shares of Delta Air Lines by 2.3% in the third quarter. U S Global Investors Inc. now owns 1,099,975 shares of the transportation company’s stock valued at $91,804,000 after buying an additional 24,962 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

DAL has been the subject of several recent research reports. Bank of America boosted their price target on Delta Air Lines from $93.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. UBS Group dropped their price objective on Delta Air Lines from $105.00 to $102.00 and set a “buy” rating for the company in a report on Monday, October 12th. The Goldman Sachs Group reiterated a “buy” rating on shares of Delta Air Lines in a research report on Monday, August 3rd. Barclays cut their target price on Delta Air Lines from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. Finally, Seaport Research Partners reissued a “buy” rating and set a $100.00 target price on shares of Delta Air Lines in a report on Monday, October 12th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $99.65.

Insider Transactions at Delta Air Lines

In other news, CEO Edward H. Bastian sold 206,510 shares of the stock in a transaction dated 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David G. Dewalt sold 31,756 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $2,031,224.30. The trade was a 58.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 356,726 shares of company stock valued at $33,081,037. Company insiders own 0.80% of the company’s stock.

Delta Air Lines Stock Down 1.4%

Shares of DAL opened at $80.28 on Thursday. Delta Air Lines, Inc. has a one year low of $55.03 and a one year high of $95.68. The company has a market cap of $52.82 billion, a P/E ratio of 16.02, a P/E/G ratio of 1.37 and a beta of 1.34. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.40 and a quick ratio of 0.32. The firm has a 50 day simple moving average of $80.53 and a two-hundred day simple moving average of $76.61.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Friday, October 9th. The transportation company reported $1.72 earnings per share (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 business had revenue of $17.59 billion during the quarter, compared to the consensus estimate of $17.64 billion. During the same quarter in the previous year, the business posted $1.71 EPS. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. 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. Research analysts forecast that Delta Air Lines, Inc. will post 5.34 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Thursday, October 15th will be paid a $0.2150 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.86 annualized dividend and a yield of 1.1%. Delta Air Lines’s dividend payout ratio (DPR) 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.