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

Retirement Systems of Alabama cut its stake in Delta Air Lines, Inc. (NYSE:DAL) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 565,870 shares of the transportation company’s stock after selling 12,457 shares during the period. Retirement Systems of Alabama owned 0.09% of Delta Air Lines worth $47,228,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust grew its position in shares of Delta Air Lines by 3.8% during the second quarter. Parkside Financial Bank & Trust now owns 3,535 shares of the transportation company’s stock worth $331,000 after acquiring an additional 129 shares during the last quarter. Arlington Trust Co LLC increased its holdings in shares of Delta Air Lines by 11.7% in the 2nd quarter. Arlington Trust Co LLC now owns 1,238 shares of the transportation company’s stock worth $116,000 after acquiring an additional 130 shares during the period. Guardian Wealth Advisors LLC NC lifted its position in Delta Air Lines by 3.5% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 3,900 shares of the transportation company’s stock valued at $365,000 after purchasing an additional 131 shares during the last quarter. REAP Financial Group LLC lifted its position in Delta Air Lines by 6.6% in the 3rd quarter. REAP Financial Group LLC now owns 2,119 shares of the transportation company’s stock valued at $177,000 after purchasing an additional 131 shares during the last quarter. Finally, Founders Financial Securities LLC lifted its position in Delta Air Lines by 5.3% in the 3rd quarter. Founders Financial Securities LLC now owns 2,675 shares of the transportation company’s stock valued at $223,000 after purchasing an additional 135 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on DAL. Barclays reduced their target price on shares of Delta Air Lines from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Friday, September 11th. TD Cowen dropped their price target on shares of Delta Air Lines from $105.00 to $101.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. The Goldman Sachs Group restated a “buy” rating on shares of Delta Air Lines in a research note on Monday, August 3rd. Raymond James Financial reaffirmed an “outperform” rating and set a $100.00 price target on shares of Delta Air Lines in a report on Wednesday, October 7th. Finally, Wells Fargo & Company reduced their price objective on Delta Air Lines from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, October 6th. Twenty-two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Delta Air Lines has a consensus rating of “Moderate Buy” and a consensus target price of $99.65.

Delta Air Lines Price Performance

Shares of DAL opened at $92.28 on Wednesday. The firm has a market capitalization of $60.71 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.64 and a beta of 1.43. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.40. Delta Air Lines, Inc. has a one year low of $55.27 and a one year high of $95.68. 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 issued its quarterly earnings data 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). The company had revenue of $17.59 billion for the quarter, compared to the consensus estimate of $17.64 billion. Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. Delta Air Lines’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.71 earnings per share. 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 EPS for the current year.

Delta Air Lines Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Edward H. Bastian sold 50,000 shares of the stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $82.00, for a total value of $4,100,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,313,448 shares in the company, valued at $107,702,736. This trade represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alain Bellemare sold 28,000 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $85.93, for a total transaction of $2,406,040.00. Following the transaction, the executive vice president owned 80,025 shares in the company, valued at $6,876,548.25. This represents a 25.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 122,950 shares of company stock worth $10,519,626. 0.80% of the stock is owned by corporate insiders.

Delta Air Lines 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.