Delta Air Lines, Inc. $DAL Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in Delta Air Lines, Inc. (NYSE:DAL) by 4.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 345,237 shares of the transportation company’s stock after selling 16,685 shares during the period. Commonwealth Equity Services LLC’s holdings in Delta Air Lines were worth $19,592,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DAL. Vanguard Group Inc. raised its holdings in shares of Delta Air Lines by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 74,572,577 shares of the transportation company’s stock worth $3,667,479,000 after purchasing an additional 1,648,071 shares during the period. State Street Corp raised its holdings in Delta Air Lines by 2.6% in the second quarter. State Street Corp now owns 23,059,848 shares of the transportation company’s stock valued at $1,134,083,000 after buying an additional 581,421 shares during the period. Geode Capital Management LLC raised its holdings in Delta Air Lines by 3.3% in the second quarter. Geode Capital Management LLC now owns 16,757,932 shares of the transportation company’s stock valued at $822,127,000 after buying an additional 527,570 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in Delta Air Lines during the second quarter valued at approximately $386,364,000. Finally, Bank of New York Mellon Corp grew its stake in Delta Air Lines by 5.1% during the second quarter. Bank of New York Mellon Corp now owns 6,214,853 shares of the transportation company’s stock worth $305,646,000 after buying an additional 299,308 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Up 1.4%

NYSE:DAL opened at $72.26 on Friday. The stock has a market cap of $47.18 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 1.17 and a beta of 1.38. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $73.16. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. The business’s 50-day simple moving average is $65.51 and its 200 day simple moving average is $60.03.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $8.40 billion for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. As a group, sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines News Summary

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

• Positive Sentiment: Analysts raised price targets and ratings, increasing implied upside and supporting near‑term buying interest. Citi lifted its target to $87 from $77. Citi raises DAL price target Susquehanna raised its target to $85 and moved to a “positive” rating, citing constructive fundamentals and premiumization momentum. Susquehanna upgrade TD Cowen also increased its target to $82. TD Cowen target raise
• Positive Sentiment: Bank of America expressed bullish near‑term expectations for DAL, adding to analyst momentum and helping investor sentiment ahead of earnings. BofA commentary
• Positive Sentiment: Delta is expanding its lifestyle and loyalty offerings via a partnership with Sphere to include SKY360 Club access for SkyMiles members — a strategic move that can help premium‑cabin demand and ancillary revenue over time. Sphere partnership
• Neutral Sentiment: Q4 earnings previews and estimates are in focus: analysts are watching premiumization (more travelers paying for premium seats and ancillary services) to see if it sustains margin momentum. Upcoming results will be the main catalyst. Seeking Alpha Q4 preview Zacks estimates preview
• Neutral Sentiment: Analysts have been revising forecasts ahead of the earnings call; accuracy of these revisions matters but they’re not definitive until management commentary and results are released. Analyst revisions
• Neutral Sentiment: Long‑term ownership performance commentary (e.g., what $1,000 invested 15 years ago would be worth) is informative for sentiment but has limited impact on near‑term price action. 15‑year performance piece

Insiders Place Their Bets

In related news, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total value of $858,112.50. Following the sale, the senior vice president directly owned 15,816 shares of the company’s stock, valued at $968,730. This represents a 46.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John E. Laughter sold 23,323 shares of the stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the transaction, the executive vice president owned 81,109 shares in the company, valued at $5,055,523.97. This trade represents a 22.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.88% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Delta Air Lines from $63.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Cowen reissued a “buy” rating on shares of Delta Air Lines in a research report on Wednesday. Wall Street Zen downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. JPMorgan Chase & Co. increased their target price on Delta Air Lines from $72.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Finally, Dbs Bank raised Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $76.64.

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.