Delta Air Lines, Inc. $DAL Shares Sold by Patient Capital Management LLC

Patient Capital Management LLC trimmed its position in Delta Air Lines, Inc. (NYSE:DAL) by 4.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 861,298 shares of the transportation company’s stock after selling 38,402 shares during the period. Delta Air Lines accounts for about 2.0% of Patient Capital Management LLC’s portfolio, making the stock its 27th largest position. Patient Capital Management LLC’s holdings in Delta Air Lines were worth $48,879,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in DAL. Signature Resources Capital Management LLC purchased a new stake in Delta Air Lines in the second quarter valued at $25,000. NewSquare Capital LLC raised its holdings in Delta Air Lines by 184.6% in the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after buying an additional 371 shares during the period. Activest Wealth Management lifted its position in Delta Air Lines by 2,280.8% in the second quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after buying an additional 593 shares during the last quarter. Kilter Group LLC purchased a new position in Delta Air Lines during the second quarter worth about $35,000. Finally, First Horizon Corp acquired a new stake in shares of Delta Air Lines during the third quarter valued at about $38,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Sanford C. Bernstein reiterated an “outperform” rating and issued a $81.00 target price on shares of Delta Air Lines in a report on Wednesday, January 14th. Raymond James Financial reiterated a “strong-buy” rating and issued a $80.00 price objective on shares of Delta Air Lines in a report on Friday, December 19th. BNP Paribas Exane raised their target price on Delta Air Lines from $70.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, December 8th. Barclays boosted their price target on shares of Delta Air Lines from $65.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Finally, Evercore ISI raised their price objective on shares of Delta Air Lines from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating and twenty-three have given a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $80.47.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Steven M. Sear sold 31,290 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $69.69, for a total transaction of $2,180,600.10. Following the completion of the sale, the executive vice president owned 97,505 shares in the company, valued at approximately $6,795,123.45. The trade was a 24.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter W. Carter sold 14,300 shares of the company’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $70.30, for a total transaction of $1,005,290.00. Following the completion of the transaction, the insider owned 177,142 shares of the company’s stock, valued at approximately $12,453,082.60. The trade was a 7.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 311,823 shares of company stock worth $21,942,479. 0.96% of the stock is currently owned by corporate insiders.

Delta Air Lines Stock Down 4.2%

Shares of NYSE:DAL opened at $67.45 on Wednesday. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $73.16. The firm’s 50 day moving average price is $67.17 and its 200 day moving average price is $61.17. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.60. The stock has a market cap of $44.04 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Tuesday, January 13th. The transportation company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The business had revenue of $14.61 billion for the quarter, compared to analyst estimates of $15.80 billion. Delta Air Lines had a net margin of 7.90% and a return on equity of 20.99%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $1.85 EPS. 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. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Company Profile

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.