85,107 Delta Air Lines, Inc. $DAL Shares Sold by Howard Capital Management LLC

Howard Capital Management LLC lowered its position in Delta Air Lines, Inc. (NYSE:DAL) by 95.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,691 shares of the transportation company’s stock after selling 85,107 shares during the quarter. Howard Capital Management LLC’s holdings in Delta Air Lines were worth $308,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Markowski Investments purchased a new stake in shares of Delta Air Lines during the second quarter worth about $27,000. Timbuktu Capital Management LLC acquired a new position in shares of Delta Air Lines in the second quarter worth about $31,000. Elevation Wealth Partners LLC lifted its stake in shares of Delta Air Lines by 195.9% in the second quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company’s stock worth $34,000 after acquiring an additional 237 shares in the last quarter. Atlas Wealth LLC acquired a new position in shares of Delta Air Lines in the first quarter worth about $35,000. Finally, Main Street Group LTD purchased a new position in Delta Air Lines in the first quarter valued at about $36,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Delta Air Lines news, CEO Edward Bastian sold 206,510 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $92.80, for a total transaction of $19,164,128.00. Following the sale, the chief executive officer owned 1,363,448 shares in the company, valued at $126,527,974.40. This represents a 13.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Steven Sear sold 40,460 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $93.55, for a total value of $3,785,033.00. Following the transaction, the executive vice president directly owned 104,404 shares in the company, valued at approximately $9,766,994.20. This represents a 27.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 356,726 shares of company stock valued at $33,081,037 over the last three months. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DAL. Rothschild & Co Redburn raised their price objective on Delta Air Lines from $104.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, September 18th. Argus set a $95.00 price objective on Delta Air Lines in a report on Monday, October 12th. Wells Fargo & Company dropped their price objective on Delta Air Lines from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, October 6th. Cantor Fitzgerald set a $101.00 target price on Delta Air Lines in a research report on Friday, October 2nd. Finally, Morgan Stanley upped their target price on Delta Air Lines from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Twenty-two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $99.65.

Delta Air Lines Price Performance

Shares of DAL stock opened at $75.38 on Friday. The firm has a market cap of $49.59 billion, a P/E ratio of 15.05, a P/E/G ratio of 1.35 and a beta of 1.34. 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 $55.03 and a 1-year high of $95.68. The firm has a fifty day moving average of $82.09 and a two-hundred day moving average of $80.25.

Delta Air Lines (NYSE:DAL) last released its earnings results on Friday, October 9th. The transportation company reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.05). The company had revenue of $17.59 billion during the quarter, compared to the consensus estimate of $17.64 billion. Delta Air Lines had a return on equity of 16.83% and a net margin of 4.58%. Delta Air Lines’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.71 EPS. 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, research analysts anticipate that Delta Air Lines, Inc. will post 5.32 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company 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 1.1%. The ex-dividend date of this dividend is Thursday, October 15th. Delta Air Lines’s payout ratio is currently 17.17%.

Delta Air Lines Company Profile

Delta Air Lines, Inc is a major U.S. airline that provides scheduled passenger and air freight transportation. The company serves destinations throughout the United States and connects customers to international markets across Europe, Asia, Latin America, Canada, Africa and the Caribbean through its own operations and regional airline partners.

Delta offers multiple classes of passenger service, including premium cabins and its main cabin, along with travel-related products such as vacation packages and loyalty benefits through the SkyMiles program.