Brevan Howard Capital Management LP Buys 111,315 Shares of Delta Air Lines, Inc. $DAL

Brevan Howard Capital Management LP raised its stake in Delta Air Lines, Inc. (NYSE:DAL) by 1,986.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,919 shares of the transportation company’s stock after purchasing an additional 111,315 shares during the period. Brevan Howard Capital Management LP’s holdings in Delta Air Lines were worth $6,635,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Clearfield Capital Management LP raised its position in shares of Delta Air Lines by 50.4% in the third quarter. Clearfield Capital Management LP now owns 296,500 shares of the transportation company’s stock valued at $16,826,000 after purchasing an additional 99,372 shares during the period. CSM Advisors LLC boosted its holdings in shares of Delta Air Lines by 13.1% during the 3rd quarter. CSM Advisors LLC now owns 523,502 shares of the transportation company’s stock worth $29,709,000 after buying an additional 60,680 shares during the period. Cannell & Spears LLC bought a new stake in shares of Delta Air Lines during the 3rd quarter worth about $1,128,000. Circle Wealth Management LLC grew its stake in Delta Air Lines by 5.0% in the 3rd quarter. Circle Wealth Management LLC now owns 18,927 shares of the transportation company’s stock valued at $1,074,000 after buying an additional 894 shares during the last quarter. Finally, Cinctive Capital Management LP grew its stake in Delta Air Lines by 14.5% in the 3rd quarter. Cinctive Capital Management LP now owns 292,731 shares of the transportation company’s stock valued at $16,612,000 after buying an additional 37,071 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Trading Up 1.5%

Shares of DAL stock opened at $58.79 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.60. The stock has a market cap of $38.39 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 0.59 and a beta of 1.34. The stock has a 50 day simple moving average of $67.96 and a 200 day simple moving average of $64.09. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $76.39.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Tuesday, January 13th. The transportation company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The firm had revenue of $14.61 billion for the quarter, compared to analyst estimates of $15.80 billion. Delta Air Lines had a return on equity of 20.96% and a net margin of 7.90%.The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $1.85 EPS. Delta Air Lines has set its Q1 2026 guidance at 0.500-0.900 EPS and its FY 2026 guidance at 6.500-7.500 EPS. On average, research analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, February 26th will be given a $0.1875 dividend. The ex-dividend date is Thursday, February 26th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. Delta Air Lines’s dividend payout ratio (DPR) is presently 9.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DAL shares. Wolfe Research raised their price objective on shares of Delta Air Lines from $70.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Seaport Research Partners upped their target price on Delta Air Lines from $80.00 to $89.00 and gave the company a “buy” rating in a research report on Friday, January 9th. UBS Group lowered their target price on Delta Air Lines from $90.00 to $87.00 and set a “buy” rating on the stock in a research note on Wednesday, January 14th. BMO Capital Markets reissued an “outperform” rating on shares of Delta Air Lines in a report on Wednesday, January 14th. Finally, TD Cowen downgraded Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.43.

Key Stories Impacting Delta Air Lines

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

• Positive Sentiment: Jefferies cut its price target to $72 but retained a Buy rating, signaling continued analyst conviction in Delta’s longer‑term recovery and implying upside from current levels. Delta Air Lines (NYSE:DAL) Given New $72.00 Price Target at Jefferies Financial Group
• Positive Sentiment: Citi put Delta on a 30‑day “positive catalyst watch,” highlighting potential near‑term bullish catalysts (refinery edge, trans‑Atlantic demand) that could support the stock. Citi Research puts Delta and SkyWest on 30‑day positive catalyst watch
• Positive Sentiment: Industry reporting notes that credit‑card partnerships and upfront cash from co‑branded cards are reshaping airline loyalty economics and improving non‑fare profit streams — a tailwind for Delta’s margins and cash flow. Credit‑card cash reshapes US airline loyalty — and profit
• Neutral Sentiment: Rothschild & Co Redburn trimmed its price target to $70 but kept a Buy rating, reflecting mixed views: confidence in Delta’s fundamentals but recognition of near‑term capacity and margin pressure. Rothschild & Co Redburn Lowers Delta Air Lines, Inc. (DAL) Price Target to $70
• Neutral Sentiment: Recent coverage weighing valuation: some outlets argue the pullback makes DAL attractive versus historic ranges, while others flag the stock’s YTD weakness — a reminder that consensus upside still coexists with risk. Is Delta Air Lines Stock Underperforming the Nasdaq?
• Negative Sentiment: Delta extended a pause on New York–Tel Aviv flights through month‑end amid regional volatility, reducing international capacity and near‑term revenue on that route. Delta extends pause on New York‑Tel Aviv flights through month‑end
• Negative Sentiment: Oil has surged toward $100/barrel, prompting sectorwide downdrafts as fuel costs and perceived travel risk rise — a primary immediate headwind for airline margins and stock performance. Airline Stocks Were Pricing 2026 Like A Runway—Oil Just Made It A Cliff Edge
• Negative Sentiment: TD Cowen downgraded Delta to a “Hold,” adding to mixed sell‑side signals and increasing short‑term sentiment pressure. Delta Air Lines (NYSE:DAL) Cut to “Hold” at TD Cowen

Insider Buying and Selling

In related news, EVP Steven M. Sear sold 38,600 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $75.05, for a total value of $2,896,930.00. Following the completion of the transaction, the executive vice president owned 104,404 shares of the company’s stock, valued at $7,835,520.20. The trade was a 26.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Alain Bellemare sold 36,000 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $69.21, for a total transaction of $2,491,560.00. Following the sale, the executive vice president directly owned 95,731 shares of the company’s stock, valued at $6,625,542.51. This represents a 27.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 620,550 shares of company stock valued at $44,127,667 in the last ninety days. Insiders own 0.88% of the company’s stock.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.