Delta Air Lines, Inc. $DAL Stock: Kestra Advisory Services LLC Increases Position

Kestra Advisory Services LLC grew its position in Delta Air Lines, Inc. (NYSE:DAL) by 18.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,797 shares of the transportation company’s stock after purchasing an additional 14,388 shares during the period. Kestra Advisory Services LLC’s holdings in Delta Air Lines were worth $7,745,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new position in shares of Delta Air Lines in the second quarter worth $1,182,646,000. Great Lakes Advisors LLC purchased a new position in shares of Delta Air Lines in the second quarter valued at $160,265,000. Pacer Advisors Inc. raised its stake in shares of 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 valued at $268,153,000 after purchasing an additional 1,360,195 shares during the period. Rokos Capital Management LLP bought a new stake in shares of Delta Air Lines during the 1st quarter valued at $37,578,000. Finally, First Trust Advisors LP lifted its holdings in Delta Air Lines by 95.5% during the 1st quarter. First Trust Advisors LP now owns 942,773 shares of the transportation company’s stock worth $62,676,000 after purchasing an additional 460,465 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Insider Transactions at Delta Air Lines

In related news, President Peter W. Carter sold 44,950 shares of the stock in a transaction on 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 transaction, the president owned 379,754 shares of the company’s stock, valued at $33,908,234.66. This represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alain Bellemare sold 28,000 shares of the stock in a transaction on Friday, November 6th. The shares were sold at an average price of $85.93, for a total value of $2,406,040.00. Following the completion of the transaction, the executive vice president directly owned 80,025 shares in the company, valued at approximately $6,876,548.25. This represents a 25.92% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 122,950 shares of company stock valued at $10,519,626. Insiders own 0.80% of the company’s stock.

Delta Air Lines Trading Up 0.5%

Shares of DAL opened at $92.28 on Wednesday. The firm’s 50 day simple moving average is $81.31 and its 200 day simple moving average is $77.35. The company has a market capitalization of $60.71 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.64 and a beta of 1.43. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.40 and a quick ratio of 0.32. Delta Air Lines, Inc. has a 1-year low of $55.27 and a 1-year high of $95.68.

Delta Air Lines (NYSE:DAL) last announced its 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 company had revenue of $17.59 billion for the quarter, compared to the consensus estimate of $17.64 billion. During the same quarter in the previous year, the firm earned $1.71 earnings per share. The company’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 forecast that Delta Air Lines, Inc. will post 5.33 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th were issued a dividend of $0.2150 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, October 15th. Delta Air Lines’s payout ratio is currently 17.17%.

Wall Street Analyst Weigh In

Several research analysts have commented on DAL shares. Susquehanna cut their target price on 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. Raymond James Financial reaffirmed an “outperform” rating and set a $100.00 target price on shares of Delta Air Lines in a report on Wednesday, October 7th. Wells Fargo & Company decreased their price target 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. TD Cowen lowered their price target on shares of Delta Air Lines from $105.00 to $101.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Delta Air Lines in a research report on Monday, August 3rd. Twenty-two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.