iA Global Asset Management Inc. Invests $3.41 Million in Delta Air Lines, Inc. $DAL

iA Global Asset Management Inc. acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 60,128 shares of the transportation company’s stock, valued at approximately $3,412,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Olympiad Research LP raised its stake in Delta Air Lines by 21.3% in the third quarter. Olympiad Research LP now owns 5,841 shares of the transportation company’s stock valued at $331,000 after buying an additional 1,026 shares during the last quarter. BIP Wealth LLC purchased a new stake in shares of Delta Air Lines during the third quarter worth about $253,000. CNB Bank increased its holdings in shares of Delta Air Lines by 54,800.0% during the third quarter. CNB Bank now owns 1,098 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 1,096 shares in the last quarter. Register Financial Advisors LLC raised its position in shares of Delta Air Lines by 5.1% in the 3rd quarter. Register Financial Advisors LLC now owns 15,902 shares of the transportation company’s stock valued at $902,000 after purchasing an additional 775 shares during the last quarter. Finally, Rakuten Investment Management Inc. purchased a new position in shares of Delta Air Lines in the 3rd quarter valued at approximately $252,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Stock Down 1.5%

Shares of DAL opened at $67.91 on Friday. The company has a market capitalization of $44.34 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 0.66 and a beta of 1.38. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $73.16. The stock’s 50-day moving average price is $67.71 and its 200-day moving average price is $61.40. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.60.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Tuesday, January 13th. The transportation company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.02. Delta Air Lines had a return on equity of 20.99% and a net margin of 7.90%.The company had revenue of $14.61 billion during the quarter, compared to analysts’ expectations of $15.80 billion. During the same period last year, the business earned $1.85 earnings per share. Delta Air Lines’s quarterly revenue was up 2.9% on a year-over-year basis. Delta Air Lines has set its Q1 2026 guidance at 0.500-0.900 EPS and its FY 2026 guidance at 6.500-7.500 EPS. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Insider Activity

In related news, EVP Rahul D. Samant sold 57,003 shares of the business’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $69.57, for a total value of $3,965,698.71. Following the completion of the transaction, the executive vice president directly owned 36,246 shares in the company, valued at $2,521,634.22. The trade was a 61.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Alain Bellemare sold 36,000 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $69.21, for a total transaction of $2,491,560.00. Following the sale, the executive vice president directly owned 95,731 shares in the company, valued at $6,625,542.51. This trade represents a 27.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 351,243 shares of company stock worth $24,742,087. 0.88% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. UBS Group dropped their target price on shares of Delta Air Lines from $90.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. The Goldman Sachs Group lifted their price objective on shares of Delta Air Lines from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Barclays boosted their price objective on shares of Delta Air Lines from $65.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, January 12th. Wall Street Zen lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Evercore ISI lifted their price target on Delta Air Lines from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $80.47.

Delta Air Lines Company Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.