370,517 Delta Air Lines, Inc. $DAL Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC cut its position in Delta Air Lines, Inc. (NYSE:DAL) by 14.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,248,190 shares of the transportation company’s stock after selling 370,517 shares during the quarter. Pzena Investment Management LLC’s holdings in Delta Air Lines were worth $187,634,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DAL. AIA Group Ltd acquired a new stake in shares of Delta Air Lines in the third quarter valued at approximately $4,156,000. Provenance Wealth Advisors LLC increased its holdings in shares of Delta Air Lines by 16,666.7% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 2,012 shares of the transportation company’s stock valued at $168,000 after acquiring an additional 2,000 shares during the period. Integrity Alliance LLC. acquired a new position in shares of Delta Air Lines in the 3rd quarter valued at $391,000. Legacy Wealth Management LLC MS raised its position in Delta Air Lines by 8.7% in the 3rd quarter. Legacy Wealth Management LLC MS now owns 4,812 shares of the transportation company’s stock valued at $402,000 after purchasing an additional 387 shares during the last quarter. Finally, GRIMES & Co WEALTH MANAGEMENT LLC raised its position in Delta Air Lines by 705.2% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 17,376 shares of the transportation company’s stock valued at $1,450,000 after purchasing an additional 15,218 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Buying and Selling at Delta Air Lines

In related news, CEO Edward Bastian sold 50,000 shares of the company’s stock in a transaction on Thursday, October 29th. The stock was 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 of the company’s stock, valued at $107,702,736. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.80% of the stock is currently owned by company insiders.

Delta Air Lines Trading Up 7.2%

NYSE DAL opened at $89.29 on Thursday. The stock has a market capitalization of $58.75 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.49 and a beta of 1.43. Delta Air Lines, Inc. has a 52-week low of $55.27 and a 52-week high of $95.68. The firm has a 50-day moving average price of $80.63 and a 200 day moving average price of $76.94. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 0.42.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, October 9th. The transportation company reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.05). Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. The firm had revenue of $17.59 billion during the quarter, compared to analyst estimates of $17.64 billion. During the same quarter in the previous year, the business earned $1.71 EPS. Delta Air Lines’s revenue for the quarter 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. Equities research analysts expect that Delta Air Lines, Inc. will post 5.34 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th will be issued a $0.2150 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, October 15th. Delta Air Lines’s dividend payout ratio (DPR) is currently 17.17%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Argus set a $95.00 price target on shares of Delta Air Lines in a research note on Monday, October 12th. JPMorgan Chase & Co. lifted their price objective on shares of Delta Air Lines from $85.00 to $114.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Rothschild & Co Redburn upped their target price on shares of Delta Air Lines from $104.00 to $105.00 and gave the company a “buy” rating in a report on Friday, September 18th. Jefferies Financial Group boosted their price target on Delta Air Lines from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, BMO Capital Markets upped their price objective on Delta Air Lines from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, October 12th. Twenty-two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $99.65.

About Delta Air Lines

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.