CI Investments Inc. Reduces Stock Holdings in Delta Air Lines, Inc. $DAL

CI Investments Inc. reduced its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 37.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,497 shares of the transportation company’s stock after selling 10,031 shares during the quarter. CI Investments Inc.’s holdings in Delta Air Lines were worth $936,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. AlphaQuest LLC raised its position in shares of Delta Air Lines by 90.6% in the third 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. Accredited Wealth Management LLC boosted 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 purchasing an additional 476 shares during the last quarter. NewSquare Capital LLC grew 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 purchasing an additional 371 shares during the period. First Horizon Corp purchased a new position in Delta Air Lines during the third quarter worth about $38,000. Finally, Kilter Group LLC purchased a new position in Delta Air Lines during the second quarter worth about $35,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

DAL stock opened at $61.38 on Friday. The firm has a market cap of $40.09 billion, a P/E ratio of 8.00, a price-to-earnings-growth 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 1 year low of $34.74 and a 1 year high of $76.39. The stock has a 50-day simple moving average of $69.22 and a 200-day simple moving average of $64.11.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Tuesday, January 13th. The transportation company reported $1.55 earnings per share 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 return on equity of 20.96% and a net margin of 7.90%.Delta Air Lines’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.85 EPS. 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, equities analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

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

Delta Air Lines News Roundup

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

• Positive Sentiment: Analyst support and value narrative — multiple brokers still rate DAL a buy and value-minded commentators point to a low P/E and attractive upside relative to historical targets, which can limit downside and support longer-term buyers. Zacks: Strong Value Stock
• Neutral Sentiment: Upcoming earnings date — Delta reports results on April 8; that scheduled report gives investors a formal update on margins and guidance, which could re-price the stock but is not an immediate surprise. Benzinga: Earnings note
• Neutral Sentiment: Small analyst target tweak — Rothschild trimmed its price target from $72 to $70 but kept a buy rating; a modest revision rather than a broad downgrade. Benzinga: PT cut
• Negative Sentiment: Geopolitical disruption and suspended Tel Aviv service — Delta suspended New York–Tel Aviv flights and faces regional airspace disruptions that reduce revenue on exposed routes and complicate operations. Yahoo: Suspension of Tel Aviv flights
• Negative Sentiment: Rising oil and jet-fuel risk — crude prices have climbed amid the Middle East conflict, pressuring jet-fuel costs and compressing near-term airline margins; the sector-wide move lower reflects those input-cost concerns. QuiverQuant: Oil-driven sell-off
• Negative Sentiment: Wider airline disruption — tens of thousands of canceled flights and ongoing hub shutdowns (Cirium/Tourism Economics coverage) increase revenue and cargo risk across carriers. Yahoo: Flight cancellations
• Negative Sentiment: Major executive reshuffle — Delta announced a sweeping leadership change (CFO Dan Janki to COO/overseeing customer care; Erik Snell to CFO; Peter Carter to president). Markets often punish executive turnover because it raises short-term execution risk and creates uncertainty about strategy continuity. MSN: Executive reshuffle

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Delta Air Lines in a report on Wednesday, January 21st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Delta Air Lines in a research note on Wednesday, January 14th. Citigroup reissued a “buy” rating on shares of Delta Air Lines in a research note on Wednesday, January 7th. UBS Group cut their target price on Delta Air Lines from $90.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. Finally, The Goldman Sachs Group boosted their price target on Delta Air Lines from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating and twenty-three have given a Buy rating to the company. Based on data from MarketBeat, Delta Air Lines has a consensus rating of “Buy” and an average target price of $80.38.

Insider Buying and Selling

In related news, EVP Alain Bellemare sold 36,000 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $69.21, for a total value of $2,491,560.00. Following the completion of the transaction, the executive vice president owned 95,731 shares of the company’s stock, valued at approximately $6,625,542.51. This represents a 27.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Rahul D. Samant sold 62,528 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $70.18, for a total value of $4,388,215.04. Following the sale, the executive vice president owned 20,939 shares of the company’s stock, valued at approximately $1,469,499.02. This trade represents a 74.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 620,550 shares of company stock worth $44,127,667 over the last quarter. Company insiders own 0.88% of the company’s stock.

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.