Zweig DiMenna Associates LLC Has $15.26 Million Holdings in Delta Air Lines, Inc. $DAL

Zweig DiMenna Associates LLC grew its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 9.1% in the 3rd quarter, Holdings Channel reports. The fund owned 268,810 shares of the transportation company’s stock after purchasing an additional 22,500 shares during the quarter. Delta Air Lines comprises 1.1% of Zweig DiMenna Associates LLC’s portfolio, making the stock its 26th biggest holding. Zweig DiMenna Associates LLC’s holdings in Delta Air Lines were worth $15,255,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Private Trust Co. NA raised its stake in Delta Air Lines by 3.3% during the 3rd 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 grew its position in Delta Air Lines by 3.2% in 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 increased its holdings in shares of 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 worth $386,000 after purchasing an additional 196 shares during the period. Advisors Asset Management Inc. raised its position in shares of Delta Air Lines by 1.2% during the third quarter. Advisors Asset Management Inc. now owns 16,237 shares of the transportation company’s stock valued at $921,000 after buying an additional 197 shares during the last quarter. Finally, Gables Capital Management Inc. lifted its stake in shares of Delta Air Lines by 9.9% in the third 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 period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Trading Down 0.8%

Shares of Delta Air Lines stock opened at $68.95 on Tuesday. The stock has a market capitalization of $45.04 billion, a P/E ratio of 8.99, a price-to-earnings-growth ratio of 0.67 and a beta of 1.37. Delta Air Lines, Inc. has a 12-month low of $34.74 and a 12-month high of $76.39. 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 company has a 50-day simple moving average of $70.05 and a 200 day simple moving average of $63.14.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Tuesday, January 13th. The transportation company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.02. The company had revenue of $14.61 billion during 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 20.96%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last 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. Research analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

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 issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 26th. Delta Air Lines’s payout ratio is currently 9.78%.

Insider Transactions 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 sale, the executive vice president directly owned 138,176 shares in the company, valued at $10,390,835.20. This trade represents a 20.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Steven M. Sear sold 38,600 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $75.05, for a total transaction of $2,896,930.00. Following the completion of the sale, the executive vice president owned 104,404 shares of the company’s stock, valued at approximately $7,835,520.20. This represents a 26.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 520,550 shares of company stock worth $37,101,667. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

DAL has been the topic of several research reports. Jefferies Financial Group boosted their price target on Delta Air Lines from $72.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Sanford C. Bernstein reissued an “outperform” rating and set a $81.00 price objective on shares of Delta Air Lines in a report on Wednesday, January 14th. HSBC boosted their price objective on Delta Air Lines from $73.70 to $80.20 and gave the company a “buy” rating in a research report on Wednesday, January 14th. The Goldman Sachs Group raised their target price on Delta Air Lines from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Finally, Wells Fargo & Company set a $87.00 price target on shares of Delta Air Lines in a report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $80.47.

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.