Delta Air Lines, Inc. $DAL Stock Position Reduced by Hosking Partners LLP

Hosking Partners LLP trimmed its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 11.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 464,629 shares of the transportation company’s stock after selling 57,540 shares during the period. Delta Air Lines accounts for 1.3% of Hosking Partners LLP’s portfolio, making the stock its 28th largest holding. Hosking Partners LLP’s holdings in Delta Air Lines were worth $38,778,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DAL. Bank of New York Mellon Corp purchased a new position in shares of Delta Air Lines in the second quarter worth $1,182,646,000. Great Lakes Advisors LLC purchased a new position in Delta Air Lines in the second quarter worth about $160,265,000. Pacer Advisors Inc. raised its position in Delta Air Lines by 50.9% during the first quarter. Pacer Advisors Inc. now owns 4,033,595 shares of the transportation company’s stock valued at $268,153,000 after purchasing an additional 1,360,195 shares during the period. Rokos Capital Management LLP purchased a new stake in Delta Air Lines during the first quarter valued at approximately $37,578,000. Finally, First Trust Advisors LP lifted its stake in shares of Delta Air Lines by 95.5% in the 1st quarter. First Trust Advisors LP now owns 942,773 shares of the transportation company’s stock valued at $62,676,000 after purchasing an additional 460,465 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Delta Air Lines

In related news, President Peter W. Carter sold 39,900 shares of the stock in a transaction that occurred on 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 completion of the transaction, the president directly 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. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Steven M. Sear sold 40,460 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $93.55, for a total transaction of $3,785,033.00. Following the completion of the transaction, the executive vice president directly owned 104,404 shares of the company’s stock, valued at approximately $9,766,994.20. This represents a 27.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.

Delta Air Lines News Summary

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: Strong airline-sector outlook: United Airlines’ forecast for record revenue helped lift the broader airline group, including Delta. The outlook suggests resilient travel demand may offset some pressure from elevated fuel expenses. United Airlines revenue forecast article
• Positive Sentiment: Fuel-cost relief supported sentiment: A pullback in crude oil prices improved the near-term margin outlook for airlines. Delta previously indicated that fuel was the primary reason it reduced full-year earnings expectations, making any further energy-market relief potentially beneficial. Why Delta Air Lines stock is up today
• Positive Sentiment: Potential fleet and valuation catalysts: Boeing’s certification of the 737 MAX 10 removes a delivery bottleneck affecting some of Delta’s aircraft orders and could support fleet modernization over time. Analysts tracked in the coverage have a median price target of $105, well above the recent share price near $78. Boeing 737 MAX 10 approval article
• Neutral Sentiment: Demand remains constructive but guidance was reset: Delta expects fourth-quarter revenue growth of roughly 20%, although its latest quarterly EPS and revenue slightly missed estimates and full-year earnings guidance was reduced because of fuel costs.
• Negative Sentiment: Fuel and insider-selling risks persist: Higher fuel prices could continue to compress margins, while the cited insider-trading data showed six open-market sales and no purchases during the past six months. These factors may limit the stock’s upside if airline cost pressures intensify. Delta insider trading data

Delta Air Lines Stock Up 1.4%

Shares of NYSE DAL opened at $77.71 on Thursday. 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 firm has a market capitalization of $51.12 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.37 and a beta of 1.34. The stock has a 50 day moving average price of $81.28 and a 200 day moving average price of $80.57. Delta Air Lines, Inc. has a 52-week low of $55.03 and a 52-week high of $95.68.

Delta Air Lines (NYSE:DAL) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $17.64 billion. Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. The business’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the business 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. Sell-side analysts expect that Delta Air Lines, Inc. will post 5.32 earnings per share for the current year.

Delta Air Lines Announces Dividend

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 paid a dividend of $0.2150 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, October 15th. Delta Air Lines’s payout ratio is 17.17%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Delta Air Lines from $85.00 to $114.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Zacks Research downgraded 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 for the company in a research note on Monday, October 12th. Argus set a $95.00 price objective on shares of Delta Air Lines in a research report on Monday, October 12th. Finally, Morgan Stanley boosted 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. Twenty-two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $99.65.

Delta Air Lines Profile

Delta Air Lines, Inc is a major U.S. airline headquartered in Atlanta, Georgia. The company provides scheduled passenger air transportation to destinations across the United States and international markets, including Europe, Latin America, Asia, Canada, Africa and the Caribbean. Delta operates through a network of hubs and focus cities, offering service under the Delta brand and through regional partners operating as Delta Connection.

In addition to passenger flights, Delta provides air cargo transportation and related logistics services.