Delta Air Lines, Inc. $DAL Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 19.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,156,301 shares of the transportation company's stock after purchasing an additional 513,777 shares during the quarter. Russell Investments Group Ltd. owned about 0.48% of Delta Air Lines worth $263,572,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp acquired a new position in Delta Air Lines in the second quarter valued at about $1,182,646,000. Pacer Advisors Inc. boosted its stake in Delta Air Lines by 50.9% during the first quarter. Pacer Advisors Inc. now owns 4,033,595 shares of the transportation company's stock worth $268,153,000 after buying an additional 1,360,195 shares during the period. Great Lakes Advisors LLC acquired a new stake in shares of Delta Air Lines during the second quarter valued at about $160,265,000. California Public Employees Retirement System increased its position in shares of Delta Air Lines by 15.0% during the first quarter. California Public Employees Retirement System now owns 1,469,652 shares of the transportation company's stock valued at $97,702,000 after acquiring an additional 191,345 shares during the last quarter. Finally, U S Global Investors Inc. increased its position in shares of Delta Air Lines by 2.3% during the third quarter. U S Global Investors Inc. now owns 1,099,975 shares of the transportation company's stock valued at $91,804,000 after acquiring an additional 24,962 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Stock Performance

NYSE DAL opened at $86.52 on Friday. The company has a market cap of $56.92 billion, a P/E ratio of 17.27, a P/E/G ratio of 1.34 and a beta of 1.43. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.40 and a quick ratio of 0.32. The stock has a 50-day moving average of $81.78 and a two-hundred day moving average of $77.56. Delta Air Lines, Inc. has a 1-year low of $55.27 and a 1-year high of $95.68.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Friday, October 9th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.05). Delta Air Lines had a return on equity of 16.83% and a net margin of 4.58%. The business had revenue of $17.59 billion for the quarter, compared to analyst estimates of $17.64 billion. During the same period in the prior year, the company posted $1.71 EPS. The firm's revenue for the quarter was up 21.1% compared to the same quarter last year. 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 anticipate that Delta Air Lines, Inc. will post 5.33 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 5th. Shareholders of record on Thursday, October 15th were issued a dividend of $0.2150 per share. The ex-dividend date was Thursday, October 15th. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. Delta Air Lines's dividend payout ratio is 17.17%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DAL shares. Cantor Fitzgerald set a $101.00 price target on shares of Delta Air Lines in a research note on Friday, October 2nd. Zacks Research cut shares of Delta Air Lines from a "hold" rating to a "strong sell" rating in a research report on Monday, September 28th. Raymond James Financial reiterated an "outperform" rating and issued a $100.00 target price on shares of Delta Air Lines in a report on Wednesday, October 7th. Rothschild & Co Redburn boosted their target price on Delta Air Lines from $104.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, September 18th. Finally, Argus set a $95.00 target price on Delta Air Lines in a research report on Monday, October 12th. Twenty-two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $99.65.

Key Delta Air Lines News

Investors following DAL have been watching these news items:

• Positive Sentiment: DBS maintained its Buy rating on Delta, offering a supportive analyst view, though the report did not provide a new price target. DBS Keeps Their Buy Rating on Delta Air Lines
• Neutral Sentiment: Delta and Virgin Atlantic plan to challenge a proposed Heathrow terminal move. The outcome could affect their airport operations, but no immediate financial impact was reported. Delta Air Lines, Virgin Atlantic to Challenge Heathrow Terminal Move
• Negative Sentiment: Higher oil prices and Treasury yields are pressuring airline shares: fuel raises operating costs, while higher rates can increase financing and valuation pressure. Delta previously cited substantial fuel-cost headwinds and guided for elevated fuel prices, leaving margins sensitive to further increases. Delta Air Lines Slides as Higher Oil and Rate Pressure Reignite Margin Concerns

Insiders Place Their Bets

In other Delta Air Lines news, EVP Alain Bellemare sold 28,000 shares of the firm's stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $85.93, for a total value of $2,406,040.00. Following the completion of the transaction, the executive vice president owned 80,025 shares of the company's stock, valued at $6,876,548.25. This trade represents a 25.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Peter Carter sold 44,950 shares of the business's stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $89.29, for a total transaction of $4,013,585.50. Following the completion of the transaction, the president owned 379,754 shares of the company's stock, valued at approximately $33,908,234.66. This trade represents a 10.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 122,950 shares of company stock worth $10,519,626 in the last ninety days. 0.80% of the stock is owned by corporate insiders.

Delta Air Lines Company Profile

Delta Air Lines is a U.S.-based airline that provides passenger and cargo transportation. It serves domestic and international destinations through its own flights and relationships with partner airlines, with major hubs including Atlanta, Detroit, Minneapolis–Saint Paul, New York, and Salt Lake City. The company offers multiple cabin and fare options, including Delta One, First Class, Delta Comfort+ and Main Cabin. Its other businesses and services include Delta Cargo, the SkyMiles loyalty program, and aircraft maintenance and repair services through Delta TechOps.

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