Jefferson Bridge Capital LLC Purchases Shares of 25,750 Delta Air Lines, Inc. $DAL

Key Points

• Jefferson Bridge Capital LLC purchased a new stake of 25,750 shares of Delta Air Lines in Q4, valued at about $1.79 million, making DAL roughly 1.8% of its portfolio and its 22nd largest holding.
• Delta reported Q1 adjusted EPS of $0.64 (missing consensus) on revenue of $14.20B, but provided upbeat forward commentary including guidance for low‑teens revenue growth for the June quarter and cited its Trainer refinery and fuel hedges as a potential ~$300M margin tailwind.
• Significant insider selling occurred recently—CEO Edward Bastian and EVP Alain Bellemare sold large blocks (including 173,230 and 36,000 shares respectively), with insiders selling a total of 620,550 shares (~$44.1M) in the past 90 days.

Jefferson Bridge Capital LLC purchased a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,750 shares of the transportation company's stock, valued at approximately $1,787,000. Delta Air Lines accounts for approximately 1.8% of Jefferson Bridge Capital LLC's portfolio, making the stock its 22nd largest holding.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in shares of Delta Air Lines by 54.8% in the third quarter. Wellington Management Group LLP now owns 5,817,783 shares of the transportation company's stock valued at $330,159,000 after buying an additional 2,058,744 shares during the period. Bank of New York Mellon Corp lifted its stake in Delta Air Lines by 23.3% during the third quarter. Bank of New York Mellon Corp now owns 7,661,911 shares of the transportation company's stock worth $434,813,000 after purchasing an additional 1,447,058 shares during the period. Marshall Wace LLP lifted its stake in Delta Air Lines by 16,044.7% during the third quarter. Marshall Wace LLP now owns 1,263,320 shares of the transportation company's stock worth $71,693,000 after purchasing an additional 1,255,495 shares during the period. Ninety One UK Ltd lifted its stake in Delta Air Lines by 23.6% during the third quarter. Ninety One UK Ltd now owns 3,860,710 shares of the transportation company's stock worth $219,095,000 after purchasing an additional 736,342 shares during the period. Finally, Lansdowne Partners UK LLP lifted its stake in Delta Air Lines by 47.0% during the third quarter. Lansdowne Partners UK LLP now owns 2,284,257 shares of the transportation company's stock worth $129,632,000 after purchasing an additional 730,368 shares during the period. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Performance

NYSE:DAL opened at $65.69 on Wednesday. Delta Air Lines, Inc. has a 1 year low of $35.46 and a 1 year high of $76.39. The firm has a 50 day moving average of $66.48 and a 200-day moving average of $64.70. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $42.90 billion, a P/E ratio of 8.56, a price-to-earnings-growth ratio of 0.72 and a beta of 1.31.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.06). Delta Air Lines had a net margin of 7.90% and a return on equity of 20.96%. The firm had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.70 billion. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, February 26th were paid a $0.1875 dividend. The ex-dividend date was Thursday, February 26th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.1%. Delta Air Lines's payout ratio is 9.78%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DAL. BMO Capital Markets restated an "outperform" rating on shares of Delta Air Lines in a research note on Wednesday, January 14th. Seaport Research Partners raised their price target on shares of Delta Air Lines from $80.00 to $89.00 and gave the stock a "buy" rating in a research note on Friday, January 9th. Weiss Ratings cut shares of Delta Air Lines from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, March 6th. Sanford C. Bernstein restated an "outperform" rating and set a $81.00 price target on shares of Delta Air Lines in a research note on Wednesday, January 14th. Finally, The Goldman Sachs Group raised their price target on shares of Delta Air Lines from $77.00 to $80.00 and gave the stock a "buy" rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, one has assigned a Hold rating and one has issued 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 $78.43.

Key Stories Impacting Delta Air Lines

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

• Positive Sentiment: Delta’s refinery and fuel hedging look like a real advantage versus peers — management and analysts point to the Trainer refinery as a source of meaningful savings and a potential ~$300M boost, supporting margins as jet fuel spikes. CNBC: Delta CEO says airline will 'meaningfully' cut growth plans, sees $300 million boost from its refinery
• Positive Sentiment: Company says March-quarter results delivered in line with guidance and highlighted “better‑than‑expected revenue performance”; Delta also guided to low‑teens revenue growth for the June quarter despite flat capacity, and expects roughly $1B pre‑tax profit for June — supportive forward commentary. PR Newswire: Delta Air Lines Announces March Quarter 2026 Financial Results
• Positive Sentiment: Macro headlines (reports of a temporary U.S.-Iran ceasefire) briefly lifted airline stocks, giving Delta upside on hopes of lower fuel and fewer disruptions. TipRanks: Airline Stocks Jump on 2-Week Ceasefire Deal
• Positive Sentiment: Unusually large call‑option activity indicates some investors are positioning for an upside move post‑earnings — a bullish flows signal. Options flow report
• Neutral Sentiment: Wolfe Research trimmed its price target (from $81 to $73) but kept an outperform rating — a mixed signal: confidence in Delta’s positioning but slightly lower near‑term upside. MarketScreener: Wolfe Research adjusts price target
• Negative Sentiment: Jet fuel costs are surging (industrywide headwind). Delta and peers raised checked‑bag fees to pass costs to customers — a sign fuel pressure is material and could weigh on demand or sentiment. CNBC: Delta raises checked bag fees amid jet fuel price surge
• Negative Sentiment: Earnings reaction is mixed: Delta reported adjusted/non‑GAAP EPS of $0.64, with different outlets parsing GAAP vs. adjusted figures and revenue differently — some reports show revenue beat, others show revenue below consensus, creating uncertainty and press‑driven volatility. Seeking Alpha: Non-GAAP EPS $0.64; revenue report and Company press release / Quartr
• Negative Sentiment: Management signaled it will “meaningfully reduce” near‑term capacity growth — a margin‑protecting move but one that lowers revenue growth potential and can be read as conservative given fuel uncertainty. CNBC: Delta CEO says airline will 'meaningfully' cut growth plans

Insider Buying and Selling

In other news, EVP Alain Bellemare sold 36,000 shares of Delta Air Lines stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $69.21, for a total value of $2,491,560.00. Following the completion of the transaction, the executive vice president owned 95,731 shares in the company, valued at approximately $6,625,542.51. The trade was a 27.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Edward H. Bastian sold 173,230 shares of Delta Air Lines stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $71.00, for a total transaction of $12,299,330.00. Following the completion of the transaction, the chief executive officer owned 632,823 shares of the company's stock, valued at $44,930,433. This trade represents a 21.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 620,550 shares of company stock valued at $44,127,667 in the last ninety days. 0.88% of the stock is owned by corporate insiders.

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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