Pzena Investment Management LLC Sells 81,999 Shares of Delta Air Lines, Inc. $DAL

Pzena Investment Management LLC cut its position 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 SEC. The firm owned 4,230,418 shares of the transportation company’s stock after selling 81,999 shares during the period. Pzena Investment Management LLC owned about 0.65% of Delta Air Lines worth $240,076,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DAL. Brighton Jones LLC raised its stake in Delta Air Lines by 33.5% during the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after buying an additional 2,302 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Delta Air Lines in the first quarter worth about $178,000. Sivia Capital Partners LLC bought a new stake in shares of Delta Air Lines in the second quarter worth about $555,000. Mutual of America Capital Management LLC raised its position in shares of Delta Air Lines by 0.4% during the second quarter. Mutual of America Capital Management LLC now owns 74,897 shares of the transportation company’s stock worth $3,683,000 after purchasing an additional 269 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its holdings in shares of Delta Air Lines by 114.4% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 11,822 shares of the transportation company’s stock valued at $581,000 after purchasing an additional 6,308 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Insider Activity at Delta Air Lines

In related news, SVP William C. Carroll sold 5,967 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $68.10, for a total value of $406,352.70. Following the completion of the transaction, the senior vice president directly owned 7,182 shares of the company’s stock, valued at approximately $489,094.20. This trade represents a 45.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rahul D. Samant sold 62,528 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $70.18, for a total transaction of $4,388,215.04. Following the transaction, the executive vice president owned 20,939 shares in the company, valued at approximately $1,469,499.02. The trade was a 74.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 520,550 shares of company stock worth $37,101,667. Insiders own 0.88% of the company’s stock.

Delta Air Lines Stock Up 0.4%

Shares of DAL stock opened at $71.14 on Thursday. The firm’s fifty day moving average price is $70.14 and its two-hundred day moving average price is $63.34. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.60. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $76.39. The firm has a market capitalization of $46.46 billion, a P/E ratio of 9.27, a PEG ratio of 0.68 and a beta of 1.37.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data 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. The company had revenue of $14.61 billion during the quarter, compared to analysts’ expectations of $15.80 billion. Delta Air Lines had a return on equity of 20.96% and a net margin of 7.90%.Delta Air Lines’s revenue for the quarter 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. On average, equities analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company set a $87.00 target price on Delta Air Lines in a research note on Thursday, December 18th. UBS Group lowered their price objective on shares of Delta Air Lines from $90.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday, January 14th. Jefferies Financial Group boosted their price objective on shares of Delta Air Lines from $72.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. The Goldman Sachs Group increased their target price on Delta Air Lines from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Delta Air Lines in a report on Wednesday, January 14th. 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, Delta Air Lines has a consensus rating of “Buy” and a consensus price target of $80.47.

Delta Air Lines 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.