Glenview Trust Co Boosts Position in Delta Air Lines, Inc. $DAL

Glenview Trust Co grew its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 8.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 245,711 shares of the transportation company’s stock after buying an additional 19,726 shares during the quarter. Glenview Trust Co’s holdings in Delta Air Lines were worth $13,944,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Delta Air Lines by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 74,572,577 shares of the transportation company’s stock worth $3,667,479,000 after purchasing an additional 1,648,071 shares during the period. State Street Corp lifted its stake in shares of Delta Air Lines by 2.6% during the second quarter. State Street Corp now owns 23,059,848 shares of the transportation company’s stock worth $1,134,083,000 after purchasing an additional 581,421 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Delta Air Lines by 3.3% in the second quarter. Geode Capital Management LLC now owns 16,757,932 shares of the transportation company’s stock worth $822,127,000 after buying an additional 527,570 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Delta Air Lines by 23.3% in the third quarter. Bank of New York Mellon Corp now owns 7,661,911 shares of the transportation company’s stock valued at $434,813,000 after buying an additional 1,447,058 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Delta Air Lines by 0.8% during the 2nd quarter. AQR Capital Management LLC now owns 6,012,856 shares of the transportation company’s stock valued at $295,712,000 after buying an additional 48,974 shares during the period. 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 H. Bastian sold 173,230 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $71.00, for a total value of $12,299,330.00. Following the sale, the chief executive officer directly owned 632,823 shares in the company, valued at $44,930,433. The trade was a 21.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Erik Storey Snell sold 39,420 shares of the stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $71.02, for a total transaction of $2,799,608.40. Following the sale, the executive vice president directly owned 35,625 shares of the company’s stock, valued at approximately $2,530,087.50. This represents a 52.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 520,550 shares of company stock valued at $37,101,667. Corporate insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DAL shares. Argus set a $80.00 price target on Delta Air Lines in a report on Wednesday, January 14th. Dbs Bank upgraded shares of Delta Air Lines to a “moderate buy” rating in a research note on Monday, January 19th. Susquehanna raised their price target on shares of Delta Air Lines from $70.00 to $85.00 and gave the company a “positive” rating in a report on Friday, January 9th. The Goldman Sachs Group upped their price objective on shares of Delta Air Lines from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, Evercore increased their price objective on shares of Delta Air Lines from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines has an average rating of “Buy” and an average price target of $80.47.

Delta Air Lines Trading Down 0.8%

Shares of DAL stock opened at $68.95 on Tuesday. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $76.39. The firm has a market capitalization of $45.04 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 0.67 and a beta of 1.37. The stock has a fifty day moving average of $70.05 and a two-hundred day moving average of $63.14. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.34 and a current ratio of 0.40.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Tuesday, January 13th. The transportation company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The company had revenue of $14.61 billion during the quarter, compared to analyst estimates of $15.80 billion. Delta Air Lines had a net margin of 7.90% and a return on equity of 20.96%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $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. As a group, research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, February 26th will be issued a $0.1875 dividend. The ex-dividend date is Thursday, February 26th. This represents a $0.75 annualized dividend and a dividend yield of 1.1%. Delta Air Lines’s dividend payout ratio is 9.78%.

Delta Air Lines Company Profile

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.