Delta Air Lines, Inc. $DAL Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 20.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,083 shares of the transportation company’s stock after selling 11,506 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Delta Air Lines were worth $2,558,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its position in Delta Air Lines by 33.5% during the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after buying an additional 2,302 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Delta Air Lines during the first quarter valued at $178,000. Sivia Capital Partners LLC purchased a new stake in Delta Air Lines during the 2nd quarter worth about $555,000. Ethic Inc. raised its stake in Delta Air Lines by 14.5% in the 2nd quarter. Ethic Inc. now owns 10,376 shares of the transportation company’s stock valued at $515,000 after purchasing an additional 1,311 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its stake in Delta Air Lines by 14.4% in the 2nd quarter. Bleakley Financial Group LLC now owns 11,462 shares of the transportation company’s stock valued at $564,000 after purchasing an additional 1,445 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DAL. Evercore lifted their price target on shares of Delta Air Lines from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Delta Air Lines in a research note on Wednesday, January 14th. Barclays boosted their price target on Delta Air Lines from $65.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, January 12th. UBS Group decreased their price objective on Delta Air Lines from $90.00 to $87.00 and set a “buy” rating on the stock in a report on Wednesday, January 14th. Finally, Wolfe Research lifted their price objective on Delta Air Lines from $70.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $80.47.

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $69.47 on Friday. The business has a 50-day moving average of $70.07 and a two-hundred day moving average of $63.56. The firm has a market capitalization of $45.38 billion, a PE ratio of 9.06, a P/E/G ratio of 0.67 and a beta of 1.37. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.40 and a quick ratio of 0.34. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $76.39.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Tuesday, January 13th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, topping 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 business had revenue of $14.61 billion during the quarter, compared to analysts’ expectations of $15.80 billion. During the same quarter in the previous year, the business earned $1.85 EPS. The company’s revenue for the quarter 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. As a group, research analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared 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. This represents a $0.75 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 26th. Delta Air Lines’s dividend payout ratio is 9.78%.

Insider Activity

In other news, EVP Rahul D. Samant sold 62,528 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $70.18, for a total value of $4,388,215.04. Following the completion of the sale, the executive vice president owned 20,939 shares in the company, valued at approximately $1,469,499.02. This trade represents a 74.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William C. Carroll sold 5,967 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $68.10, for a total value of $406,352.70. Following the completion of the transaction, the senior vice president owned 7,182 shares of the company’s stock, valued at approximately $489,094.20. This represents a 45.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 520,550 shares of company stock worth $37,101,667 in the last quarter. Insiders own 0.88% of the company’s stock.

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.