Ceredex Value Advisors LLC Purchases 362,329 Shares of Delta Air Lines, Inc. $DAL

Ceredex Value Advisors LLC raised its position in Delta Air Lines, Inc. (NYSE:DAL) by 66.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 911,136 shares of the transportation company’s stock after purchasing an additional 362,329 shares during the quarter. Delta Air Lines accounts for approximately 1.2% of Ceredex Value Advisors LLC’s holdings, making the stock its 16th biggest holding. Ceredex Value Advisors LLC’s holdings in Delta Air Lines were worth $51,707,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DAL. Vanguard Group Inc. boosted its position in shares of Delta Air Lines by 2.3% during the second quarter. Vanguard Group Inc. now owns 74,572,577 shares of the transportation company’s stock valued at $3,667,479,000 after buying an additional 1,648,071 shares during the period. State Street Corp lifted its stake in shares of Delta Air Lines by 2.6% during the 2nd quarter. State Street Corp now owns 23,059,848 shares of the transportation company’s stock worth $1,134,083,000 after acquiring an additional 581,421 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Delta Air Lines by 3.3% during the 2nd quarter. Geode Capital Management LLC now owns 16,757,932 shares of the transportation company’s stock worth $822,127,000 after acquiring an additional 527,570 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Delta Air Lines by 23.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,661,911 shares of the transportation company’s stock valued at $434,813,000 after acquiring an additional 1,447,058 shares during the period. Finally, AQR Capital Management LLC grew its position in Delta Air Lines by 0.8% in the 2nd quarter. AQR Capital Management LLC now owns 6,012,856 shares of the transportation company’s stock valued at $295,712,000 after acquiring an additional 48,974 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DAL shares. Raymond James Financial reiterated a “strong-buy” rating and issued a $80.00 target price on shares of Delta Air Lines in a research note on Friday, December 19th. Dbs Bank upgraded shares of Delta Air Lines to a “moderate buy” rating in a report on Monday, January 19th. TD Cowen reduced their price target on shares of Delta Air Lines from $82.00 to $71.00 and set a “buy” rating on the stock in a research note on Monday. BMO Capital Markets reissued an “outperform” rating on shares of Delta Air Lines in a research report on Wednesday, January 14th. Finally, Susquehanna upped their target price on shares of Delta Air Lines from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $79.93.

Insider Activity at Delta Air Lines

In related news, EVP Alain Bellemare sold 35,212 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $75.20, for a total value of $2,647,942.40. Following the completion of the transaction, the executive vice president directly owned 138,176 shares of the company’s stock, valued at $10,390,835.20. This trade represents a 20.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $70.26, for a total value of $7,026,000.00. Following the completion of the transaction, the chief executive officer owned 1,363,448 shares of the company’s stock, valued at $95,795,856.48. This trade represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 620,550 shares of company stock valued at $44,127,667 over the last 90 days. Company insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Up 2.7%

NYSE DAL opened at $60.62 on Tuesday. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $76.39. 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 $39.59 billion, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of 0.57 and a beta of 1.34. The company’s 50-day simple moving average is $68.81 and its two-hundred day simple moving average is $64.18.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data 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. The firm had revenue of $14.61 billion for the quarter, compared to the consensus estimate of $15.80 billion. Delta Air Lines had a net margin of 7.90% and a return on equity of 20.96%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $1.85 earnings per share. 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. Equities analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Thursday, February 26th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, February 26th. This represents a $0.75 dividend on an annualized basis and a yield of 1.2%. Delta Air Lines’s dividend payout ratio (DPR) is presently 9.78%.

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.