Victory Capital Management Inc. Reduces Holdings in Delta Air Lines, Inc. $DAL

Victory Capital Management Inc. decreased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,943,348 shares of the transportation company’s stock after selling 64,893 shares during the period. Victory Capital Management Inc. owned 0.45% of Delta Air Lines worth $167,035,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. AlphaQuest LLC lifted its holdings in Delta Air Lines by 90.6% in the 3rd quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 211 shares in the last quarter. Accredited Wealth Management LLC grew its holdings in shares of Delta Air Lines by 1,983.3% during the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after buying an additional 476 shares in the last quarter. NewSquare Capital LLC raised its position in shares of Delta Air Lines by 184.6% in the second 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 last quarter. First Horizon Corp purchased a new position in shares of Delta Air Lines during the third quarter valued at approximately $38,000. Finally, Kilter Group LLC acquired a new stake in Delta Air Lines during the second quarter worth approximately $35,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Argus set a $80.00 price target on Delta Air Lines in a report on Wednesday, January 14th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $81.00 target price on shares of Delta Air Lines in a research note on Wednesday, January 14th. The Goldman Sachs Group raised their price target on Delta Air Lines from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Jefferies Financial Group lifted their price target on Delta Air Lines from $72.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, Susquehanna upped their price objective on shares of Delta Air Lines from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $80.47.

Insider Activity at Delta Air Lines

In other news, EVP Erik Storey Snell sold 39,420 shares of the company’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $71.02, for a total value of $2,799,608.40. Following the completion of the sale, the executive vice president owned 35,625 shares of the company’s stock, valued at $2,530,087.50. This represents a 52.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alain Bellemare sold 36,000 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $69.21, for a total value of $2,491,560.00. Following the sale, the executive vice president owned 95,731 shares in the company, valued at approximately $6,625,542.51. The trade was a 27.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 620,550 shares of company stock valued at $44,127,667 over the last 90 days. Corporate insiders own 0.96% of the company’s stock.

Delta Air Lines Trading Up 0.6%

NYSE DAL opened at $64.62 on Wednesday. The firm has a market capitalization of $42.21 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 0.62 and a beta of 1.34. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.34 and a current ratio of 0.40. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $76.39. The company’s 50 day moving average price is $69.56 and its 200 day moving average price is $64.13.

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, topping the consensus estimate of $1.53 by $0.02. Delta Air Lines had a net margin of 7.90% and a return on equity of 20.96%. The company had revenue of $14.61 billion during the quarter, compared to analyst estimates of $15.80 billion. During the same quarter in the prior year, the business earned $1.85 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. 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. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

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

Delta Air Lines 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.