110,031 Delta Air Lines, Inc. $DAL Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC increased its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 29.3% during the third quarter, Holdings Channel reports. The fund owned 484,925 shares of the transportation company’s stock after acquiring an additional 110,031 shares during the quarter. Calamos Advisors LLC’s holdings in Delta Air Lines were worth $40,472,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAL. Markowski Investments purchased a new position in Delta Air Lines during the 2nd quarter worth approximately $27,000. Timbuktu Capital Management LLC acquired a new stake in shares of Delta Air Lines in the second quarter worth $31,000. Elevation Wealth Partners LLC boosted its position 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 buying an additional 237 shares during the period. Atlas Wealth LLC purchased a new position in shares of Delta Air Lines during the first quarter valued at $35,000. Finally, Main Street Group LTD purchased a new position in shares of Delta Air Lines during the first quarter valued at $36,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insiders Place Their Bets

In other Delta Air Lines news, President Peter W. Carter sold 44,950 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $89.29, for a total transaction of $4,013,585.50. Following the completion of the transaction, the president owned 379,754 shares of the company’s stock, valued at $33,908,234.66. The trade was a 10.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Edward H. Bastian sold 50,000 shares of the company’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $82.00, for a total transaction of $4,100,000.00. Following the sale, the chief executive officer owned 1,313,448 shares of the company’s stock, valued at $107,702,736. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is currently owned by insiders.

Delta Air Lines Stock Up 2.3%

Shares of NYSE DAL traded up $2.00 during mid-day trading on Friday, reaching $87.36. 6,120,664 shares of the company traded hands, compared to its average volume of 7,057,670. 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 PE ratio of 17.44, a price-to-earnings-growth ratio of 1.49 and a beta of 1.43. The company’s fifty day moving average is $80.80 and its two-hundred day moving average is $77.12. Delta Air Lines, Inc. has a fifty-two week low of $55.27 and a fifty-two week high of $95.68.

Delta Air Lines (NYSE:DAL) last posted 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 analyst estimates of $17.64 billion. Delta Air Lines had a return on equity of 16.83% and a net margin of 4.58%. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.71 earnings per share. 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. On average, analysts expect that Delta Air Lines, Inc. will post 5.34 earnings per share for the current year.

Delta Air Lines Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DAL shares. Sanford C. Bernstein dropped their price target on Delta Air Lines from $106.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. Zacks Research lowered Delta Air Lines from a “hold” rating to a “strong sell” rating in a research report on Monday, September 28th. Susquehanna dropped their price objective on shares of Delta Air Lines from $100.00 to $95.00 and set a “positive” rating on the stock in a research note on Monday, October 12th. Cantor Fitzgerald set a $101.00 price target on Delta Air Lines in a report on Friday, October 2nd. Finally, Argus set a $95.00 price target on shares of Delta Air Lines in a report on Monday, October 12th. Twenty-two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.

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