Delta Air Lines, Inc. $DAL Shares Bought by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC raised its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 705.2% in the third quarter, Holdings Channel reports. The firm owned 17,376 shares of the transportation company’s stock after buying an additional 15,218 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Delta Air Lines were worth $1,450,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in shares of Delta Air Lines in the 2nd quarter valued at approximately $1,182,646,000. Great Lakes Advisors LLC acquired a new position in Delta Air Lines in the second quarter worth approximately $160,265,000. Pacer Advisors Inc. raised its position 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 valued at $268,153,000 after acquiring an additional 1,360,195 shares in the last quarter. Rokos Capital Management LLP bought a new position in Delta Air Lines during the first quarter valued at approximately $37,578,000. Finally, First Trust Advisors LP raised its position 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 valued at $62,676,000 after acquiring an additional 460,465 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

NYSE:DAL opened at $83.39 on Wednesday. The company has a fifty day moving average price of $80.52 and a 200 day moving average price of $76.85. 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 one year low of $55.03 and a one year high of $95.68. The stock has a market cap of $54.87 billion, a P/E ratio of 15.25, a PEG ratio of 1.49 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Friday, October 9th. The transportation company reported $1.72 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 during the quarter, compared to analyst estimates of $17.64 billion. During the same period in the prior year, the firm earned $1.71 EPS. Delta Air Lines’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. Analysts anticipate that Delta Air Lines, Inc. will post 5.34 earnings per share for the current year.

Delta Air Lines Announces Dividend

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 issued a $0.2150 dividend. This represents a $0.86 annualized dividend and a yield of 1.0%. The ex-dividend date is Thursday, October 15th. Delta Air Lines’s dividend payout ratio is currently 17.17%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, CEO Edward Bastian sold 50,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 1,313,448 shares of the company’s stock, valued at approximately $107,702,736. This trade represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Rothschild & Co Redburn lifted their target price on shares of Delta Air Lines from $104.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, September 18th. BMO Capital Markets increased their price target on shares of Delta Air Lines from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, October 12th. Argus set a $95.00 price target on shares of Delta Air Lines in a report on Monday, October 12th. Jefferies Financial Group lifted their price objective 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, JPMorgan Chase & Co. lifted their price objective on shares of Delta Air Lines from $85.00 to $114.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Twenty-two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Delta Air Lines presently has an average rating of “Moderate Buy” and an average target price of $99.65.

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.