Bank of New York Mellon Corp Invests $1.18 Billion in Delta Air Lines, Inc. $DAL

Key Points

• Bank of New York Mellon acquired 12.6 million Delta shares worth approximately $1.18 billion, representing about 1.92% of the airline. Institutional investors collectively own nearly 70% of Delta.
• Delta reported quarterly EPS of $1.56, beating estimates by $0.07, while revenue rose 18.7% year over year to $17.67 billion. The company also increased its quarterly dividend to $0.215 per share, or $0.86 annually.
• Analyst sentiment remains positive, with 23 Buy ratings and two Holds and an average price target of $100.40, although insiders sold $35.5 million of stock over the past 90 days and rising fuel costs continue to pressure margins.

Bank of New York Mellon Corp bought a new stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,627,009 shares of the transportation company's stock, valued at approximately $1,182,646,000. Bank of New York Mellon Corp owned about 1.92% of Delta Air Lines as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Accel Wealth Management purchased a new position in shares of Delta Air Lines during the 2nd quarter valued at about $204,000. Tema ETFs LLC lifted its holdings in Delta Air Lines by 10.2% in the second quarter. Tema ETFs LLC now owns 12,545 shares of the transportation company's stock valued at $1,175,000 after acquiring an additional 1,160 shares during the period. Revolve Wealth Partners LLC acquired a new position in Delta Air Lines in the second quarter valued at approximately $1,379,000. Arbor Wealth Advisors LLC purchased a new stake in Delta Air Lines in the 2nd quarter worth approximately $234,000. Finally, Great Waters Wealth Management boosted its position in Delta Air Lines by 6.8% in the 2nd quarter. Great Waters Wealth Management now owns 6,944 shares of the transportation company's stock worth $650,000 after purchasing an additional 442 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Insider Activity at Delta Air Lines

In related news, Director Michael P. Huerta sold 3,100 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $94.11, for a total transaction of $291,741.00. Following the transaction, the director directly owned 32,525 shares in the company, valued at approximately $3,060,927.75. The trade was a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven M. Sear sold 40,460 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $93.55, for a total transaction of $3,785,033.00. Following the sale, the executive vice president directly owned 104,404 shares of the company's stock, valued at approximately $9,766,994.20. This represents a 27.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 386,726 shares of company stock worth $35,512,037 over the last 90 days. Corporate insiders own 0.80% of the company's stock.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $81.03 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.35 and a current ratio of 0.42. The firm has a fifty day moving average of $87.88 and a 200 day moving average of $76.21. The firm has a market cap of $53.29 billion, a PE ratio of 13.44, a PEG ratio of 1.09 and a beta of 1.31. Delta Air Lines, Inc. has a one year low of $55.03 and a one year high of $95.68.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Thursday, July 9th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.07. Delta Air Lines had a net margin of 5.79% and a return on equity of 17.52%. The business had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.43 billion. During the same quarter last year, the business earned $2.10 earnings per share. The company's revenue for the quarter was up 18.7% compared to the same quarter last year. As a group, research analysts predict that Delta Air Lines, Inc. will post 6.54 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were paid a dividend of $0.215 per share. This is a boost from Delta Air Lines's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.86 annualized dividend and a yield of 1.1%. Delta Air Lines's dividend payout ratio is presently 14.26%.

Analyst Upgrades and Downgrades

DAL has been the topic of a number of analyst reports. Susquehanna raised their price objective on shares of Delta Air Lines from $78.00 to $108.00 and gave the stock a "positive" rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. increased their price target on shares of Delta Air Lines from $85.00 to $114.00 and gave the stock an "overweight" rating in a report on Monday, July 13th. TD Cowen raised their price target on shares of Delta Air Lines from $106.00 to $112.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Evercore lifted their price objective on shares of Delta Air Lines from $85.00 to $105.00 and gave the company an "outperform" rating in a report on Thursday, June 25th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Delta Air Lines in a research report on Monday, August 3rd. Twenty-three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $100.40.

Delta Air Lines News Summary

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: Joint venture approval preserved: The Eleventh Circuit Court of Appeals ruled in favor of Delta and Aeroméxico, vacating the Department of Transportation order that had terminated approval of their partnership and antitrust immunity. The ruling allows the carriers to continue coordinating their U.S.-Mexico networks, supporting connectivity, service options and competitive positioning. Reuters article
• Positive Sentiment: Berkshire Hathaway remains a notable shareholder: Recent reporting says Berkshire increased its Delta position during the second quarter as part of broader portfolio changes. Continued buying by a major long-term investor may support sentiment toward DAL and signal confidence in Delta’s valuation and outlook. Berkshire Hathaway analysis
• Neutral Sentiment: Industry outlook remains mixed: Analysts continue to monitor Delta alongside American Airlines and Copa Holdings as airlines face shifting demand, fuel-price volatility and competitive pressures. A separate industry comparison portrays Delta as a 2026 leader, partly because of revenue streams beyond passenger seats, but the sector remains sensitive to economic conditions and operating costs. Zacks airline industry commentary
• Negative Sentiment: Cost pressures remain an overhang: Recent commentary noted that Delta’s revenue growth was accompanied by even faster expense growth, led by fuel costs. Investors may therefore remain cautious about margins despite Delta’s recent earnings beat and strong year-over-year revenue growth. Motley Fool article

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.

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