Delta Air Lines, Inc. $DAL Stock Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 565,870 shares of the transportation company’s stock after selling 12,457 shares during the quarter. Retirement Systems of Alabama’s holdings in Delta Air Lines were worth $47,228,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DAL. Bank of New York Mellon Corp bought a new stake in Delta Air Lines in the second quarter worth about $1,182,646,000. Pacer Advisors Inc. boosted its position in shares of Delta Air Lines by 50.9% during the 1st 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 in the last quarter. Great Lakes Advisors LLC bought a new position in shares of Delta Air Lines during the 2nd quarter valued at about $160,265,000. California Public Employees Retirement System boosted its position in shares of Delta Air Lines by 15.0% during the 1st quarter. California Public Employees Retirement System now owns 1,469,652 shares of the transportation company’s stock valued at $97,702,000 after purchasing an additional 191,345 shares in the last quarter. Finally, U S Global Investors Inc. grew its stake in shares of Delta Air Lines by 2.3% in the 3rd quarter. U S Global Investors Inc. now owns 1,099,975 shares of the transportation company’s stock worth $91,804,000 after purchasing an additional 24,962 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 28,000 shares of the firm’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $85.93, for a total value of $2,406,040.00. Following the completion of the transaction, the executive vice president directly owned 80,025 shares in the company, valued at $6,876,548.25. This trade represents a 25.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Peter W. Carter sold 44,950 shares of Delta Air Lines stock in a transaction that occurred on 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 transaction, the president directly owned 379,754 shares in the company, valued at approximately $33,908,234.66. This trade represents a 10.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 122,950 shares of company stock valued at $10,519,626. 0.80% of the stock is currently owned by corporate insiders.

Delta Air Lines Stock Up 0.5%

Shares of Delta Air Lines stock opened at $92.28 on Wednesday. Delta Air Lines, Inc. has a 12-month low of $55.27 and a 12-month high of $95.68. The firm has a market capitalization of $60.71 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.64 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 stock’s fifty day moving average is $81.31 and its 200-day moving average is $77.35.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, October 9th. The transportation company reported $1.72 earnings per share 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 company had revenue of $17.59 billion during the quarter, compared to analyst estimates of $17.64 billion. During the same quarter last year, the business earned $1.71 EPS. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. 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 analysts anticipate that Delta Air Lines, Inc. will post 5.33 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 5th. Shareholders of record on Thursday, October 15th were issued a dividend of $0.2150 per share. This represents a $0.86 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, October 15th. Delta Air Lines’s payout ratio is presently 17.17%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DAL shares. Seaport Research Partners reiterated a “buy” rating and issued a $100.00 target price on shares of Delta Air Lines in a report on Monday, October 12th. Wells Fargo & Company cut their target price on shares of Delta Air Lines from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, October 6th. TD Cowen reduced their target price on shares of Delta Air Lines from $105.00 to $101.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Susquehanna reduced their target price on shares of Delta Air Lines from $100.00 to $95.00 and set a “positive” rating for the company in a report on Monday, October 12th. Finally, Barclays decreased their price target on shares of Delta Air Lines from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Friday, September 11th. Twenty-two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.65.

Delta Air Lines Company 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.