ProShare Advisors LLC Sells 11,098 Shares of Delta Air Lines, Inc. $DAL

ProShare Advisors LLC reduced its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 10.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 96,332 shares of the transportation company’s stock after selling 11,098 shares during the period. ProShare Advisors LLC’s holdings in Delta Air Lines were worth $8,040,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Delta Air Lines

In other news, CEO Edward Bastian sold 50,000 shares of the firm’s stock in a transaction dated Thursday, October 29th. The shares were 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. The Goldman Sachs Group restated a “buy” rating on shares of Delta Air Lines in a research note on Monday, August 3rd. JPMorgan Chase & Co. upped their price objective on Delta Air Lines from $85.00 to $114.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Morgan Stanley increased their price objective on Delta Air Lines from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Jefferies Financial Group raised their target price on shares of Delta Air Lines from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Delta Air Lines in a research note on Monday, October 19th. Twenty-two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $99.65.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $89.29 on Thursday. 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 $55.27 and a 12 month high of $95.68. The stock has a 50 day moving average of $80.63 and a 200-day moving average of $76.94. The company has a market capitalization of $58.75 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.49 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last posted 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 business had revenue of $17.59 billion during the quarter, compared to the consensus estimate of $17.64 billion. During the same quarter last year, the company posted $1.71 EPS. The firm’s revenue 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. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 5.34 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th will be given 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 is presently 17.17%.

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.