13,459 Delta Air Lines, Inc. $DAL Shares Sold by Ninety One North America Inc.

Key Points

• Ninety One North America cut its Delta Air Lines stake by 32.3% in the third quarter, selling 13,459 shares and retaining 28,232 shares valued at approximately $2.36 million. Institutional investors collectively own 69.93% of Delta’s stock.
• Delta reported quarterly EPS of $1.72, slightly below the $1.77 analyst consensus, while revenue rose 21.1% year over year to $17.59 billion. The company maintained 2026 EPS guidance of $1.15–$1.65 for the fourth quarter and $5.10–$5.60 for the full year.
• Analysts remain broadly positive, with 22 Buy ratings and a consensus price target of $99.65 versus the reported share price of $76.95. Delta also declared a quarterly dividend of $0.215 per share, equivalent to a 1.1% yield.

Ninety One North America Inc. reduced its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 32.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 28,232 shares of the transportation company's stock after selling 13,459 shares during the period. Ninety One North America Inc.'s holdings in Delta Air Lines were worth $2,356,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of Delta Air Lines during the second quarter worth $1,182,646,000. Pacer Advisors Inc. increased its stake in Delta Air Lines by 50.9% in the 1st quarter. Pacer Advisors Inc. now owns 4,033,595 shares of the transportation company's stock valued at $268,153,000 after buying an additional 1,360,195 shares during the period. Russell Investments Group Ltd. raised its position in Delta Air Lines by 4.7% during the 4th quarter. Russell Investments Group Ltd. now owns 2,779,679 shares of the transportation company's stock worth $192,900,000 after buying an additional 124,267 shares during the last quarter. Great Lakes Advisors LLC purchased a new position in Delta Air Lines during the 2nd quarter worth $160,265,000. Finally, California Public Employees Retirement System raised its position in Delta Air Lines by 15.0% during the 1st quarter. California Public Employees Retirement System now owns 1,469,652 shares of the transportation company's stock worth $97,702,000 after buying an additional 191,345 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

DAL stock traded up $0.30 during trading on Thursday, reaching $76.95. 2,817,376 shares of the company were exchanged, compared to its average volume of 8,571,915. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.40. The stock's 50 day moving average price is $82.68 and its 200 day moving average price is $80.19. Delta Air Lines, Inc. has a 52-week low of $55.03 and a 52-week high of $95.68. The company has a market cap of $50.63 billion, a P/E ratio of 15.36, a PEG ratio of 1.42 and a beta of 1.34.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its earnings results on Friday, October 9th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.77 by ($0.05). Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. The company had revenue of $17.59 billion during the quarter, compared to analysts' expectations of $17.64 billion. During the same period last year, the business posted $1.71 earnings per share. The company's quarterly revenue was up 21.1% on a year-over-year basis. 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. As a group, analysts predict that Delta Air Lines, Inc. will post 5.34 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Thursday, October 15th will be issued a dividend of $0.2150 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.86 annualized dividend and a yield of 1.1%. Delta Air Lines's payout ratio is currently 17.17%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Delta Air Lines from $93.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. Citigroup increased their price target on shares of Delta Air Lines from $106.00 to $110.00 and gave the stock a "buy" rating in a report on Sunday, July 12th. BMO Capital Markets raised their price objective on shares of Delta Air Lines from $100.00 to $105.00 and gave the company an "outperform" rating in a research report on Monday. Jefferies Financial Group lifted their price objective on Delta Air Lines from $105.00 to $110.00 and gave the company a "buy" rating in a report on Friday, July 10th. Finally, Seaport Research Partners reaffirmed a "buy" rating and issued a $100.00 price objective on shares of Delta Air Lines in a report on Monday. Twenty-two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Delta Air Lines has a consensus rating of "Moderate Buy" and a consensus price target of $99.65.

Insider Activity

In other news, Director David G. Dewalt sold 31,756 shares of Delta Air Lines stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $90.85, for a total transaction of $2,885,032.60. Following the completion of the transaction, the director owned 22,358 shares of the company's stock, valued at $2,031,224.30. The trade was a 58.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Peter W. Carter sold 39,900 shares of the business's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $92.98, for a total transaction of $3,709,902.00. Following the completion of the sale, the president owned 424,704 shares in the company, valued at $39,488,977.92. This represents a 8.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 356,726 shares of company stock valued at $33,081,037 in the last 90 days. Insiders own 0.80% of the company's stock.

About Delta Air Lines

Delta Air Lines, Inc is a major U.S. airline that provides scheduled passenger and air freight transportation. The company serves destinations throughout the United States and connects customers to international markets across Europe, Asia, Latin America, Canada, Africa and the Caribbean through its own operations and regional airline partners.

Delta offers multiple classes of passenger service, including premium cabins and its main cabin, along with travel-related products such as vacation packages and loyalty benefits through the SkyMiles program.

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