Ingalls & Snyder LLC Decreases Stake in Delta Air Lines, Inc. $DAL

Ingalls & Snyder LLC trimmed its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,201 shares of the transportation company’s stock after selling 7,852 shares during the period. Ingalls & Snyder LLC’s holdings in Delta Air Lines were worth $7,275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the business. AlphaQuest LLC lifted its position in Delta Air Lines by 90.6% in the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock worth $25,000 after buying an additional 211 shares during the last quarter. NewSquare Capital LLC boosted its position in Delta Air Lines by 184.6% in the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after buying an additional 371 shares during the period. Kilter Group LLC bought a new stake in shares of Delta Air Lines during the second quarter valued at approximately $35,000. First Horizon Corp bought a new stake in Delta Air Lines during the 3rd quarter valued at $38,000. Finally, Hemington Wealth Management lifted its stake in Delta Air Lines by 37.6% in the third quarter. Hemington Wealth Management now owns 779 shares of the transportation company’s stock worth $44,000 after acquiring an additional 213 shares during the period. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Price Performance

DAL stock opened at $70.78 on Wednesday. The business has a fifty day moving average of $70.12 and a two-hundred day moving average of $63.28. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $76.39. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.60. The stock has a market cap of $46.23 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 0.67 and a beta of 1.37.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Tuesday, January 13th. The transportation company reported $1.55 earnings per share for the quarter, topping the consensus estimate 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%. Delta Air Lines’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.85 earnings per share. 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 anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. TD Cowen restated a “buy” rating on shares of Delta Air Lines in a report on Wednesday, January 7th. UBS Group dropped their target price 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. Raymond James Financial restated a “strong-buy” rating and issued a $80.00 price objective on shares of Delta Air Lines in a research note on Friday, December 19th. Bank of America upped their price target on shares of Delta Air Lines from $74.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Delta Air Lines in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. Based on data from MarketBeat.com, Delta Air Lines has an average rating of “Buy” and an average target price of $80.47.

Insiders Place Their Bets

In related news, EVP Alain Bellemare sold 35,212 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $75.20, for a total value of $2,647,942.40. Following the sale, the executive vice president owned 138,176 shares in the company, valued at approximately $10,390,835.20. The trade was a 20.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Steven M. Sear sold 38,600 shares of the 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 transaction, the executive vice president directly owned 104,404 shares in the company, valued at approximately $7,835,520.20. The trade was a 26.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 520,550 shares of company stock valued at $37,101,667. Insiders own 0.96% of the company’s stock.

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.