Glaxis Capital Management LLC Acquires 10,000 Shares of Delta Air Lines, Inc. $DAL

Glaxis Capital Management LLC raised its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 100.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,000 shares of the transportation company’s stock after buying an additional 10,000 shares during the period. Delta Air Lines comprises 4.0% of Glaxis Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Glaxis Capital Management LLC’s holdings in Delta Air Lines were worth $1,669,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new position in shares of Delta Air Lines in the 2nd quarter valued at $1,182,646,000. Pacer Advisors Inc. boosted 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 period. Great Lakes Advisors LLC purchased a new stake in Delta Air Lines during the 2nd quarter worth $160,265,000. California Public Employees Retirement System increased its holdings in Delta Air Lines by 15.0% in 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, Sei Investments Co. increased its holdings in Delta Air Lines by 28.9% in the 1st quarter. Sei Investments Co. now owns 1,339,423 shares of the transportation company’s stock valued at $89,045,000 after purchasing an additional 300,288 shares in the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on DAL shares. Susquehanna cut their price objective on Delta Air Lines from $100.00 to $95.00 and set a “positive” rating on the stock in a research report on Monday, October 12th. TD Cowen decreased their target price on Delta Air Lines from $105.00 to $101.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Seaport Research Partners reiterated a “buy” rating and issued a $100.00 target price on shares of Delta Air Lines in a research note on Monday, October 12th. BMO Capital Markets increased their target price on Delta Air Lines from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, October 12th. Finally, Morgan Stanley raised their target price on Delta Air Lines from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Twenty-two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $99.65.

Delta Air Lines Price Performance

Shares of DAL stock opened at $85.42 on Friday. The firm has a fifty day simple moving average of $80.67 and a 200-day simple moving average of $77.02. The company has a market capitalization of $56.20 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.59 and a beta of 1.43. Delta Air Lines, Inc. has a twelve month low of $55.27 and a twelve month high of $95.68. 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 (NYSE:DAL) last released 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 return on equity of 16.83% and a net margin of 4.58%. The firm had revenue of $17.59 billion for the quarter, compared to analysts’ expectations of $17.64 billion. During the same period last year, the firm earned $1.71 EPS. The business’s quarterly 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. Equities research analysts anticipate that Delta Air Lines, Inc. will post 5.34 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

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

Insider Buying and Selling

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 stock was 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 $107,702,736. This trade represents a 3.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.80% of the company’s stock.

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.