115,978 Delta Air Lines, Inc. $DAL Shares Sold by Sanders Capital LLC

Sanders Capital LLC cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,013,651 shares of the transportation company’s stock after selling 115,978 shares during the period. Delta Air Lines comprises approximately 2.4% of Sanders Capital LLC’s holdings, making the stock its 13th largest holding. Sanders Capital LLC’s holdings in Delta Air Lines were worth $2,421,479,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DAL. Parkside Financial Bank & Trust raised its position in Delta Air Lines by 3.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 3,535 shares of the transportation company’s stock valued at $331,000 after purchasing an additional 129 shares during the last quarter. Arlington Trust Co LLC grew its holdings in shares of Delta Air Lines by 11.7% during the second quarter. Arlington Trust Co LLC now owns 1,238 shares of the transportation company’s stock worth $116,000 after purchasing an additional 130 shares during the last quarter. Guardian Wealth Advisors LLC NC grew its holdings in shares of Delta Air Lines by 3.5% during the second quarter. Guardian Wealth Advisors LLC NC now owns 3,900 shares of the transportation company’s stock worth $365,000 after purchasing an additional 131 shares during the last quarter. REAP Financial Group LLC increased its stake in shares of Delta Air Lines by 6.6% in the third quarter. REAP Financial Group LLC now owns 2,119 shares of the transportation company’s stock valued at $177,000 after buying an additional 131 shares in the last quarter. Finally, Founders Financial Securities LLC increased its stake in shares of Delta Air Lines by 5.3% in the third quarter. Founders Financial Securities LLC now owns 2,675 shares of the transportation company’s stock valued at $223,000 after buying an additional 135 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Cantor Fitzgerald set a $101.00 price target on Delta Air Lines in a report on Friday, October 2nd. Susquehanna decreased 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 report on Monday, October 12th. Wells Fargo & Company decreased their price objective on shares of Delta Air Lines from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, October 6th. Morgan Stanley raised their price objective on shares of Delta Air Lines from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. Finally, Barclays dropped their target price on shares of Delta Air Lines from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Friday, September 11th. Twenty-two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $99.65.

Delta Air Lines Trading Up 2.3%

NYSE:DAL traded up $2.00 during trading hours on Friday, hitting $87.36. 6,120,664 shares of the stock were exchanged, compared to its average volume of 7,057,670. The company has a market capitalization of $57.48 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 1.49 and a beta of 1.43. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $80.80 and its two-hundred day moving average is $77.12. Delta Air Lines, Inc. has a twelve month low of $55.27 and a twelve month high of $95.68.

Delta Air Lines (NYSE:DAL) last released its earnings results on Friday, October 9th. The transportation company reported $1.72 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.05). The firm had revenue of $17.59 billion during the quarter, compared to analyst estimates of $17.64 billion. Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the business 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, sell-side 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 company 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 was Thursday, October 15th. This represents a $0.86 annualized dividend and a yield of 1.0%. Delta Air Lines’s dividend payout ratio (DPR) is currently 17.17%.

Insider Activity

In other Delta Air Lines news, President Peter W. Carter sold 44,950 shares of the business’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $89.29, for a total transaction of $4,013,585.50. Following the completion of the sale, the president directly owned 379,754 shares of the company’s stock, valued at approximately $33,908,234.66. The trade was a 10.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 transaction, the chief executive officer owned 1,313,448 shares in the company, valued at approximately $107,702,736. The trade was a 3.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is owned by company insiders.

Delta Air Lines Profile

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.