Waycross Partners LLC Sells 104,108 Shares of Delta Air Lines, Inc. $DAL

Waycross Partners LLC decreased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 24.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 319,737 shares of the transportation company’s stock after selling 104,108 shares during the period. Delta Air Lines makes up approximately 2.1% of Waycross Partners LLC’s investment portfolio, making the stock its 23rd largest holding. Waycross Partners LLC’s holdings in Delta Air Lines were worth $26,685,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new position in shares of Delta Air Lines in the 2nd quarter valued at approximately $1,182,646,000. Pacer Advisors Inc. grew its position in Delta Air Lines by 50.9% during the 1st 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 last quarter. Great Lakes Advisors LLC purchased a new stake in Delta Air Lines during the 2nd quarter worth approximately $160,265,000. California Public Employees Retirement System increased its stake in Delta Air Lines by 15.0% during the 1st quarter. California Public Employees Retirement System now owns 1,469,652 shares of the transportation company’s stock valued at $97,702,000 after purchasing an additional 191,345 shares in the last quarter. Finally, U S Global Investors Inc. increased its stake in Delta Air Lines by 2.3% during the 3rd quarter. U S Global Investors Inc. now owns 1,099,975 shares of the transportation company’s stock valued at $91,804,000 after purchasing an additional 24,962 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 50,000 shares of the company’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $82.00, for a total value of $4,100,000.00. Following the sale, the chief executive officer directly owned 1,313,448 shares of the company’s stock, valued at approximately $107,702,736. This represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Peter W. Carter sold 44,950 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $89.29, for a total value of $4,013,585.50. Following the sale, the president directly owned 379,754 shares in the company, valued at $33,908,234.66. This represents a 10.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.80% of the company’s stock.

Delta Air Lines Stock Performance

NYSE DAL traded up $2.00 during trading hours on Friday, reaching $87.36. The stock had a trading volume of 6,120,664 shares, compared to its average volume of 7,057,670. Delta Air Lines, Inc. has a 52-week low of $55.27 and a 52-week high of $95.68. The stock has a fifty day moving average of $80.80 and a 200 day moving average of $77.12. 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 stock has a market cap of $57.48 billion, a P/E ratio of 17.44, a price-to-earnings-growth 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.05). Delta Air Lines had a return on equity of 16.83% and a net margin of 4.58%. The business had revenue of $17.59 billion for the quarter, compared to analysts’ expectations of $17.64 billion. During the same period in the prior year, the business posted $1.71 earnings per share. The business’s quarterly revenue 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 predict that Delta Air Lines, Inc. will post 5.34 earnings per share for the current year.

Delta Air Lines Dividend Announcement

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

Wall Street Analyst Weigh In

DAL has been the subject of a number of research analyst reports. Barclays decreased their price target on shares of Delta Air Lines from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Friday, September 11th. Citigroup boosted their price objective on shares of Delta Air Lines from $106.00 to $110.00 and gave the company a “buy” rating in a report on Sunday, July 12th. Wells Fargo & Company cut their target price on Delta Air Lines from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 6th. Raymond James Financial reissued an “outperform” rating and issued a $100.00 target price on shares of Delta Air Lines in a research report on Wednesday, October 7th. Finally, Weiss Ratings restated 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 given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.65.

About Delta Air Lines

Delta Air Lines is a U.S.-based airline that provides passenger and cargo transportation. It serves domestic and international destinations through its own flights and relationships with partner airlines, with major hubs including Atlanta, Detroit, Minneapolis–Saint Paul, New York, and Salt Lake City.

The company offers multiple cabin and fare options, including Delta One, First Class, Delta Comfort+ and Main Cabin. Its other businesses and services include Delta Cargo, the SkyMiles loyalty program, and aircraft maintenance and repair services through Delta TechOps.

Delta traces its roots to Huff Daland Dusters, an aerial crop-dusting company established in 1925, and began carrying passengers in 1929.