Ninety One UK Ltd Sells 1,141,845 Shares of Delta Air Lines, Inc. $DAL

Ninety One UK Ltd lowered its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 29.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,739,735 shares of the transportation company’s stock after selling 1,141,845 shares during the period. Ninety One UK Ltd’s holdings in Delta Air Lines were worth $228,658,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Delta Air Lines during the 2nd quarter valued at $28,829,000. Bessemer Group Inc. boosted its stake in Delta Air Lines by 105.3% during the first quarter. Bessemer Group Inc. now owns 39,018 shares of the transportation company’s stock worth $2,595,000 after acquiring an additional 20,012 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Delta Air Lines by 45.1% in the second quarter. Baird Financial Group Inc. now owns 449,986 shares of the transportation company’s stock worth $42,146,000 after purchasing an additional 139,799 shares during the period. NewEdge Advisors LLC grew its holdings in Delta Air Lines by 102.3% in the first quarter. NewEdge Advisors LLC now owns 105,966 shares of the transportation company’s stock worth $7,045,000 after purchasing an additional 53,581 shares during the period. Finally, Econ Financial Services Corp grew its holdings in Delta Air Lines by 49.4% in the first quarter. Econ Financial Services Corp now owns 68,743 shares of the transportation company’s stock worth $4,570,000 after purchasing an additional 22,718 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Evercore lifted their price target on shares of Delta Air Lines from $85.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Weiss Ratings raised shares of Delta Air Lines from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. raised their target price on Delta Air Lines from $85.00 to $114.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. UBS Group reduced their target price on Delta Air Lines from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday. Finally, Rothschild & Co Redburn boosted their target price on Delta Air Lines from $104.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, September 18th. Twenty-two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.65.

Insider Activity at Delta Air Lines

In related news, Director Michael P. Huerta sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $94.11, for a total value of $291,741.00. Following the transaction, the director owned 32,525 shares of the company’s stock, valued at approximately $3,060,927.75. This trade represents a 8.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Peter W. Carter sold 39,900 shares of Delta Air Lines stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $92.98, for a total value of $3,709,902.00. Following the transaction, the president owned 424,704 shares of the company’s stock, valued at $39,488,977.92. This trade represents a 8.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 356,726 shares of company stock valued at $33,081,037 over the last quarter. 0.80% of the stock is currently owned by company insiders.

Delta Air Lines Stock Up 0.7%

NYSE DAL traded up $0.53 during mid-day trading on Thursday, hitting $77.17. The company’s stock had a trading volume of 2,896,840 shares, compared to its average volume of 8,573,361. The firm has a market capitalization of $50.77 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 1.42 and a beta of 1.34. The company’s 50 day simple moving average is $82.68 and its 200 day simple moving average is $80.19. 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, Inc. has a twelve month low of $55.03 and a twelve month high of $95.68.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data 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). Delta Air Lines had a return on equity of 16.83% and a net margin of 4.58%. The business had revenue of $17.59 billion for the quarter, compared to analyst estimates of $17.64 billion. During the same quarter in the previous year, the company posted $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. Analysts anticipate that Delta Air Lines, Inc. will post 5.34 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.2150 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.86 annualized dividend and a dividend yield of 1.1%. Delta Air Lines’s payout ratio is presently 17.17%.

Delta Air Lines 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.