Rhumbline Advisers Sells 21,841 Shares of Delta Air Lines, Inc. $DAL

Rhumbline Advisers lowered its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,113,380 shares of the transportation company’s stock after selling 21,841 shares during the period. Rhumbline Advisers owned about 0.17% of Delta Air Lines worth $63,184,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DAL. Vanguard Group Inc. boosted its holdings in shares of Delta Air Lines by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 74,572,577 shares of the transportation company’s stock worth $3,667,479,000 after buying an additional 1,648,071 shares during the last quarter. State Street Corp raised its position in Delta Air Lines by 2.6% in the second quarter. State Street Corp now owns 23,059,848 shares of the transportation company’s stock worth $1,134,083,000 after acquiring an additional 581,421 shares during the period. Geode Capital Management LLC raised its position in 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 acquiring an additional 527,570 shares during the period. Bank of New York Mellon Corp boosted its stake in 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 acquiring an additional 1,447,058 shares during the last quarter. Finally, AQR Capital Management LLC grew its position 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 acquiring an additional 48,974 shares during the period. Institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Jefferies Financial Group lifted their price target on shares of Delta Air Lines from $72.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Sanford C. Bernstein reissued an “outperform” rating and issued a $81.00 target price on shares of Delta Air Lines in a research report on Wednesday, January 14th. Wells Fargo & Company set a $87.00 target price on Delta Air Lines in a research note on Thursday, December 18th. Barclays increased their price target on Delta Air Lines from $65.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Finally, Susquehanna lifted their price objective on Delta Air Lines from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $80.47.

Delta Air Lines Stock Performance

NYSE:DAL opened at $69.50 on Friday. The business’s fifty day moving average is $69.98 and its 200 day moving average is $62.82. The firm has a market cap of $45.38 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 0.69 and a beta of 1.37. 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, Inc. has a 52-week low of $34.74 and a 52-week high of $76.39.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Tuesday, January 13th. The transportation company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $15.80 billion. During the same quarter in the previous year, the firm earned $1.85 EPS. The company’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. Research analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

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

Insiders Place Their Bets

In related news, EVP Rahul D. Samant sold 62,528 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $70.18, for a total value of $4,388,215.04. Following the sale, the executive vice president owned 20,939 shares in the company, valued at approximately $1,469,499.02. This trade represents a 74.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Steven M. Sear sold 38,600 shares of Delta Air Lines stock in a transaction on Monday, February 9th. The shares were sold at an average price of $75.05, for a total value of $2,896,930.00. Following the sale, the executive vice president directly owned 104,404 shares of the company’s stock, valued at $7,835,520.20. This represents a 26.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 520,550 shares of company stock worth $37,101,667. Company 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.