Primecap Management Co. CA Trims Stake in Delta Air Lines, Inc. $DAL

Primecap Management Co. CA cut its stake in Delta Air Lines, Inc. (NYSE:DAL) by 9.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,293,987 shares of the transportation company’s stock after selling 1,899,845 shares during the period. Primecap Management Co. CA owned 2.80% of Delta Air Lines worth $1,038,184,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Federated Hermes Inc. raised its holdings in Delta Air Lines by 7.7% in the third quarter. Federated Hermes Inc. now owns 358,870 shares of the transportation company’s stock worth $20,366,000 after purchasing an additional 25,507 shares in the last quarter. Savant Capital LLC grew its position in shares of Delta Air Lines by 84.0% in the 2nd quarter. Savant Capital LLC now owns 181,995 shares of the transportation company’s stock worth $8,951,000 after buying an additional 83,072 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Delta Air Lines by 10.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,344 shares of the transportation company’s stock worth $4,957,000 after acquiring an additional 8,309 shares in the last quarter. Independent Advisor Alliance increased its stake in shares of Delta Air Lines by 41.3% in the 3rd quarter. Independent Advisor Alliance now owns 53,601 shares of the transportation company’s stock worth $3,042,000 after acquiring an additional 15,661 shares in the last quarter. Finally, National Pension Service purchased a new position in Delta Air Lines during the 3rd quarter valued at about $1,201,000. 69.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DAL has been the topic of a number of recent research reports. Argus set a $80.00 price objective on shares of Delta Air Lines in a report on Wednesday, January 14th. Wall Street Zen cut Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Evercore upped their price target on Delta Air Lines from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, January 9th. The Goldman Sachs Group raised their price objective on 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, TD Cowen reissued a “buy” rating on shares of Delta Air Lines in a report on Wednesday, January 7th. One 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.com, the company has an average rating of “Buy” and a consensus price target of $80.47.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Rahul D. Samant sold 62,528 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $70.18, for a total transaction of $4,388,215.04. Following the sale, the executive vice president owned 20,939 shares of the company’s stock, valued at $1,469,499.02. This trade represents a 74.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Steven M. Sear sold 38,600 shares of Delta Air Lines stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $75.05, for a total transaction of $2,896,930.00. Following the completion of the sale, the executive vice president owned 104,404 shares of the company’s stock, valued at $7,835,520.20. This represents a 26.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 520,550 shares of company stock worth $37,101,667. 0.88% of the stock is owned by company insiders.

Delta Air Lines Stock Performance

DAL stock opened at $69.32 on Thursday. The stock has a market capitalization of $45.27 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 0.67 and a beta of 1.37. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $76.39. 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’s 50 day simple moving average is $69.93 and its 200 day simple moving average is $63.86.

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

Delta Air Lines Announces Dividend

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

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.