Delta Air Lines, Inc. $DAL Shares Purchased by SG Americas Securities LLC

Key Points

• SG Americas Securities boosted its stake in Delta by 153.7%, acquiring an additional 191,617 shares to hold 316,310 shares valued at about $21.95 million, reflecting notable institutional accumulation as 69.93% of the stock is institutionally owned.
• Several analysts cut price targets recently (Jefferies $84→$72, Wells Fargo $87→$75, Citi $87→$77), but the stock still carries a consensus rating of "Moderate Buy" with an average target of $78.80.
• Insiders have sold heavily—about 620,550 shares worth $44.13 million in the last three months—while Delta slightly beat Q4 EPS, missed revenue, and set Q1 2026 EPS guidance of $0.50–$0.90 and FY 2026 guidance of $6.50–$7.50, with rising jet-fuel costs and its refinery position highlighted as key near-term factors.

SG Americas Securities LLC raised its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 153.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 316,310 shares of the transportation company's stock after acquiring an additional 191,617 shares during the period. SG Americas Securities LLC's holdings in Delta Air Lines were worth $21,952,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AlphaQuest LLC raised its holdings in Delta Air Lines by 90.6% in the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company's stock valued at $25,000 after buying an additional 211 shares during the period. Accredited Wealth Management LLC lifted its position in Delta Air Lines by 1,983.3% during the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company's stock valued at $28,000 after buying an additional 476 shares in the last quarter. SWAN Capital LLC grew its stake in Delta Air Lines by 1,016.0% during the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company's stock worth $32,000 after buying an additional 508 shares during the period. Kilter Group LLC purchased a new stake in Delta Air Lines during the second quarter worth approximately $35,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Delta Air Lines in the third quarter worth $35,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on DAL shares. Jefferies Financial Group reduced their target price on shares of Delta Air Lines from $84.00 to $72.00 and set a "buy" rating on the stock in a report on Thursday, March 12th. Wells Fargo & Company decreased their target price on Delta Air Lines from $87.00 to $75.00 and set an "overweight" rating for the company in a research report on Monday, March 16th. Weiss Ratings lowered Delta Air Lines from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, March 6th. Citigroup reduced their price target on Delta Air Lines from $87.00 to $77.00 and set a "buy" rating on the stock in a research report on Friday, March 20th. Finally, Zacks Research downgraded shares of Delta Air Lines from a "hold" rating to a "strong sell" rating in a research report on Tuesday, March 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $78.80.

Insider Buying and Selling

In other news, EVP Alain Bellemare sold 35,212 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $75.20, for a total transaction of $2,647,942.40. Following the transaction, the executive vice president owned 138,176 shares of the company's stock, valued at approximately $10,390,835.20. This trade represents a 20.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Peter W. Carter sold 27,000 shares of the business's stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $74.82, for a total value of $2,020,140.00. Following the completion of the sale, the insider directly owned 421,744 shares of the company's stock, valued at approximately $31,554,886.08. This represents a 6.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 620,550 shares of company stock worth $44,127,667. 0.88% of the stock is currently owned by insiders.

Trending Headlines about Delta Air Lines

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

• Positive Sentiment: Delta's refinery ownership is suddenly more valuable as a jet-fuel squeeze raises replacement fuel costs, improving Delta's ability to hedge fuel expense compared with peers. Focus: Delta Air Lines' refinery bet looks more valuable in jet fuel squeeze
• Positive Sentiment: Management raised revenue outlook and highlighted strong demand at the JPMorgan Industrials Conference, signaling underlying demand resilience that supports margins if fuel pressures are contained. Delta Air Lines (DAL) Raises Revenue Outlook Amid Strong Demand and Rising Fuel Costs
• Positive Sentiment: At least one firm (UBS) is forecasting strong price appreciation, adding institutional optimism to the stock's outlook. UBS Group Forecasts Strong Price Appreciation for Delta Air Lines NYSE: DAL Stock
• Neutral Sentiment: Analysts expect a strong Q1 report (double-digit profit growth), so near-term earnings cadence is seen as improving — a watchpoint for the next earnings release. Here's What to Expect From Delta Air Lines’ Next Earnings Report
• Neutral Sentiment: Recaps of Q4 show mixed results (EPS beat but revenue miss and modest revenue growth year-over-year), leaving investors parsing guidance and margin drivers. Reflecting on consumer discretionary - travel and vacation providers stocks Q4 earnings: Delta NYSE: DAL
• Negative Sentiment: Higher jet-fuel prices prompted Citigroup to lower its price target and flagged downside risk to Q1 estimates — a direct hit to near-term earnings expectations. Why Higher Jet-Fuel Costs Are Clouding Delta (DAL)’s Near-Term Earnings Outlook
• Negative Sentiment: Multiple insiders sold roughly $56M in stock recently, which investors may interpret as a signal of near-term concern or liquidity-taking. Insiders At Delta Air Lines Sold US$56m In Stock, Alluding To Potential Weakness

Delta Air Lines Trading Down 1.7%

Shares of DAL opened at $66.85 on Friday. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $76.39. The stock has a 50-day moving average price of $66.87 and a 200 day moving average price of $64.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.34 and a current ratio of 0.40. The company has a market capitalization of $43.66 billion, a P/E ratio of 8.72, a P/E/G ratio of 0.69 and a beta of 1.34.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Tuesday, January 13th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.02. Delta Air Lines had a return on equity of 20.96% and a net margin of 7.90%.The company had revenue of $14.61 billion for the quarter, compared to analyst estimates of $15.80 billion. During the same period in the prior year, the company posted $1.85 EPS. Delta Air Lines's quarterly revenue was up 2.9% on a year-over-year basis. 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. Sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Thursday, February 26th were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, February 26th. Delta Air Lines's dividend payout ratio (DPR) is currently 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.

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