Patient Capital Management LLC Cuts Position in Delta Air Lines, Inc. $DAL

Patient Capital Management LLC lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 4.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 861,298 shares of the transportation company’s stock after selling 38,402 shares during the quarter. Delta Air Lines comprises 2.0% of Patient Capital Management LLC’s holdings, making the stock its 27th largest holding. Patient Capital Management LLC owned 0.13% of Delta Air Lines worth $48,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Savant Capital LLC lifted its position in Delta Air Lines by 84.0% during the second quarter. Savant Capital LLC now owns 181,995 shares of the transportation company’s stock valued at $8,951,000 after purchasing an additional 83,072 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Delta Air Lines by 39.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,407,585 shares of the transportation company’s stock valued at $118,409,000 after buying an additional 685,312 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Delta Air Lines by 8.8% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 825,916 shares of the transportation company’s stock valued at $40,619,000 after buying an additional 67,002 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Delta Air Lines in the 2nd quarter valued at about $15,138,000. Finally, Board of the Pension Protection Fund purchased a new stake in shares of Delta Air Lines in the third quarter worth about $1,141,000. 69.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Edward H. Bastian sold 173,230 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 632,823 shares of the company’s stock, valued at approximately $44,930,433. This trade represents a 21.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Rahul D. Samant sold 57,003 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $69.57, for a total transaction of $3,965,698.71. Following the sale, the executive vice president directly owned 36,246 shares of the company’s stock, valued at approximately $2,521,634.22. This represents a 61.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 311,823 shares of company stock valued at $21,942,479. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Down 4.2%

DAL stock opened at $67.45 on Wednesday. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $73.16. The business’s 50-day moving average is $67.17 and its 200 day moving average is $61.17. 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 $44.04 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 0.85 and a beta of 1.38.

Delta Air Lines (NYSE:DAL) last released its earnings results on Tuesday, January 13th. The transportation company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.02. Delta Air Lines had a return on equity of 20.99% and a net margin of 7.90%.The business had revenue of $14.61 billion for the quarter, compared to the consensus estimate of $15.80 billion. During the same quarter last year, the business posted $1.85 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. 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, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on DAL. BMO Capital Markets reiterated an “outperform” rating on shares of Delta Air Lines in a research report on Wednesday, January 14th. Wall Street Zen cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Citigroup reiterated a “buy” rating on shares of Delta Air Lines in a research note on Wednesday, January 7th. UBS Group dropped their price target on shares of Delta Air Lines from $90.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. Finally, Barclays upped their price target on Delta Air Lines from $65.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating and twenty-three have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $80.47.

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.