Delta Air Lines (NYSE:DAL) EVP Sells $2,799,608.40 in Stock

Delta Air Lines, Inc. (NYSE:DAL) EVP Erik Storey Snell sold 39,420 shares of the stock in a transaction on Friday, January 16th. The shares were 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 owned 35,625 shares of the company’s stock, valued at approximately $2,530,087.50. This represents a 52.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock opened at $67.91 on Friday. The firm has a market cap of $44.34 billion, a P/E ratio of 8.85, a price-to-earnings-growth ratio of 0.66 and a beta of 1.38. The firm’s 50-day simple moving average is $67.71 and its 200-day simple moving average is $61.40. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $73.16. 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 (NYSE:DAL) last announced its quarterly earnings results on Tuesday, January 13th. The transportation company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The firm had revenue of $14.61 billion during the quarter, compared to analysts’ expectations of $15.80 billion. Delta Air Lines had a net margin of 7.90% and a return on equity of 20.99%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $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, research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Bank of America lifted their price objective on Delta Air Lines from $74.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Rothschild & Co Redburn boosted their price target on shares of Delta Air Lines from $65.00 to $72.00 in a research report on Tuesday, October 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $81.00 price objective on shares of Delta Air Lines in a research note on Wednesday, January 14th. BNP Paribas Exane raised their price objective on shares of Delta Air Lines from $70.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, December 8th. Finally, UBS Group reduced their target price 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. One research 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 data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and an average price target of $80.47.

Hedge Funds Weigh In On Delta Air Lines

A number of large investors have recently modified their holdings of the stock. Signature Resources Capital Management LLC acquired a new stake in shares of Delta Air Lines in the second quarter valued at approximately $25,000. AlphaQuest LLC boosted its position 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 buying an additional 211 shares during the last quarter. NewSquare Capital LLC raised its position in shares of Delta Air Lines by 184.6% during the second quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock worth $28,000 after acquiring an additional 371 shares during the last quarter. Accredited Wealth Management LLC lifted its stake 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 valued at $28,000 after acquiring an additional 476 shares during the period. Finally, Activest Wealth Management boosted its holdings in Delta Air Lines by 2,280.8% in the second quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 593 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

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.