California Public Employees Retirement System Has $72.73 Million Stock Position in Delta Air Lines, Inc. $DAL

California Public Employees Retirement System boosted its position in Delta Air Lines, Inc. (NYSE:DAL) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,281,579 shares of the transportation company’s stock after buying an additional 37,652 shares during the quarter. California Public Employees Retirement System’s holdings in Delta Air Lines were worth $72,730,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA grew its position in shares of Delta Air Lines by 3.3% in the third quarter. Private Trust Co. NA now owns 5,493 shares of the transportation company’s stock valued at $312,000 after purchasing an additional 174 shares during the last quarter. HBK Sorce Advisory LLC lifted its position in shares of Delta Air Lines by 3.2% during the 3rd quarter. HBK Sorce Advisory LLC now owns 5,871 shares of the transportation company’s stock worth $362,000 after purchasing an additional 181 shares during the last quarter. Foundations Investment Advisors LLC boosted its stake in Delta Air Lines by 2.6% during the 2nd quarter. Foundations Investment Advisors LLC now owns 7,844 shares of the transportation company’s stock valued at $386,000 after purchasing an additional 196 shares during the period. Advisors Asset Management Inc. boosted its stake in Delta Air Lines by 1.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 16,237 shares of the transportation company’s stock valued at $921,000 after purchasing an additional 197 shares during the period. Finally, Gables Capital Management Inc. grew its holdings in Delta Air Lines by 9.9% in the 3rd quarter. Gables Capital Management Inc. now owns 2,225 shares of the transportation company’s stock valued at $126,000 after buying an additional 200 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Insider Activity at Delta Air Lines

In related news, CEO Edward H. Bastian sold 173,230 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $71.00, for a total value of $12,299,330.00. Following the sale, the chief executive officer owned 632,823 shares of the company’s stock, valued at $44,930,433. The trade was a 21.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Erik Storey Snell sold 39,420 shares of the stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $71.02, for a total transaction of $2,799,608.40. Following the completion of the transaction, the executive vice president directly owned 35,625 shares of the company’s stock, valued at $2,530,087.50. This trade represents a 52.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 620,550 shares of company stock worth $44,127,667 in the last ninety days. Company insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on DAL shares. Evercore lifted their price target on Delta Air Lines from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. Weiss Ratings cut Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. UBS Group dropped their target price on shares of Delta Air Lines from $87.00 to $83.00 and set a “buy” rating on the stock in a research report on Monday. Raymond James Financial reiterated a “strong-buy” rating and set a $80.00 target price on shares of Delta Air Lines in a research note on Friday, December 19th. Finally, HSBC increased their price target on shares of Delta Air Lines from $73.70 to $80.20 and gave the company a “buy” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Delta Air Lines presently has an average rating of “Moderate Buy” and a consensus price target of $78.76.

Trending Headlines about Delta Air Lines

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

• Positive Sentiment: MarketBeat calls DAL a potential value buy after a steep pullback, highlighting a low P/E, near-oversold RSI and management’s 2026 guidance (EPS $6.50–$7.50) and strong 2025 cash flow metrics — a bullish framing that can attract value investors. 5 Oversold Large-Cap Stocks That May Be Worth Buying Soon
• Positive Sentiment: UBS trimmed its price target on DAL from $87 to $83 but kept a “Buy” rating, signaling continued analyst conviction and implying sizable upside from current levels. That maintained buy rating supports the near-term bullish narrative. UBS Lowers Price Target
• Positive Sentiment: Wells Fargo reduced its DAL target (from $87 to $75) but remains “Overweight” — another institutional reaffirmation that can underpin buying interest despite the cut. Wells Fargo Lowers Price Target
• Positive Sentiment: TD Cowen reiterated a bullish stance on DAL, keeping the stock on lists of attractively priced large-caps despite industry cost pressures — further evidence of continued analyst support. TD Cowen Remains Bullish on Delta Air Lines
• Neutral Sentiment: Several valuation/analysis pieces assess DAL after the recent pullback, reviewing upside vs. risks and noting that the share price decline has pushed valuation metrics to historically cheap levels — useful context but not an immediate catalyst. Assessing Delta Air Lines (DAL) Valuation
• Neutral Sentiment: The “Delta Ushers a New Era…” item refers to Delta (power-management/smart-green solutions), not Delta Air Lines — not directly relevant to DAL’s operations or stock. Investors should not conflate that Delta with Delta Air Lines. Delta Ushers a New Era of AI Digital Twins
• Negative Sentiment: UBS and other analysts have cut airline earnings estimates and price targets because rising jet fuel costs are squeezing margins — a sector-wide headwind that could blunt DAL’s earnings and put downward pressure on the stock if fuel remains elevated. US airline stocks near potential bottom as UBS cuts estimates on rising fuel costs
• Negative Sentiment: A recent article highlighting a “shutdown push” and broader risk/valuation questions underscores near-term operational and political/regulatory risks that could amplify volatility and act as a drag on sentiment until resolved. Delta Shutdown Push Puts Spotlight On Delta Air Lines Valuation And Risks

Delta Air Lines Price Performance

Shares of DAL stock opened at $60.85 on Tuesday. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $76.39. The company has a market capitalization of $39.74 billion, a P/E ratio of 7.93, a P/E/G ratio of 0.59 and a beta of 1.34. The stock has a 50 day moving average of $67.74 and a two-hundred day moving average of $64.10. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.60.

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 business had revenue of $14.61 billion for the quarter, compared to analysts’ expectations of $15.80 billion. Delta Air Lines had a return on equity of 20.96% and a net margin of 7.90%.Delta Air Lines’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $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. As a group, equities analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Thursday, February 26th will be paid a $0.1875 dividend. The ex-dividend date is Thursday, February 26th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.2%. Delta Air Lines’s dividend payout ratio is currently 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.