California Public Employees Retirement System Has $72.73 Million Stock Holdings in Delta Air Lines, Inc. $DAL

California Public Employees Retirement System increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,281,579 shares of the transportation company’s stock after buying an additional 37,652 shares during the quarter. California Public Employees Retirement System owned 0.20% of Delta Air Lines worth $72,730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of DAL. AlphaQuest LLC increased its holdings in shares of 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 during the period. 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 period. SWAN Capital LLC boosted its holdings in shares of Delta Air Lines by 1,016.0% during the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock worth $32,000 after purchasing an additional 508 shares during the period. Kilter Group LLC purchased a new position in Delta Air Lines during the second quarter valued at approximately $35,000. Finally, First Horizon Corp purchased a new position in Delta Air Lines during the third quarter valued at approximately $38,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 173,230 shares of the business’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $71.00, for a total value of $12,299,330.00. Following the completion of the sale, the chief executive officer owned 632,823 shares of the company’s stock, valued at $44,930,433. The trade was a 21.49% 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 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 sale, the executive vice president owned 35,625 shares of the company’s stock, valued at approximately $2,530,087.50. This trade represents a 52.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 620,550 shares of company stock valued at $44,127,667. Insiders own 0.96% of the company’s stock.

Delta Air Lines Stock Performance

DAL stock opened at $60.85 on Tuesday. 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 market capitalization of $39.74 billion, a price-to-earnings ratio of 7.93, a P/E/G ratio of 0.59 and a beta of 1.34. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $76.39. The firm has a 50 day moving average of $67.74 and a two-hundred day moving average of $64.10.

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, beating analysts’ consensus estimates 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 business had revenue of $14.61 billion for the quarter, compared to the consensus estimate of $15.80 billion. During the same quarter last year, the firm earned $1.85 EPS. Delta Air Lines’s revenue for the quarter was up 2.9% on a year-over-year basis. 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, equities analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

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

Key Delta Air Lines News

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

• Positive Sentiment: MarketBeat calls DAL a potential value buy after a steep pullback, highlighting a low P/E, near-oversold RSI and management’s 2026 guidance (EPS $6.50–$7.50) and strong 2025 cash flow metrics — a bullish framing that can attract value investors. 5 Oversold Large-Cap Stocks That May Be Worth Buying Soon
• Positive Sentiment: UBS trimmed its price target on DAL from $87 to $83 but kept a “Buy” rating, signaling continued analyst conviction and implying sizable upside from current levels. That maintained buy rating supports the near-term bullish narrative. UBS Lowers Price Target
• Positive Sentiment: Wells Fargo reduced its DAL target (from $87 to $75) but remains “Overweight” — another institutional reaffirmation that can underpin buying interest despite the cut. Wells Fargo Lowers Price Target
• Positive Sentiment: TD Cowen reiterated a bullish stance on DAL, keeping the stock on lists of attractively priced large-caps despite industry cost pressures — further evidence of continued analyst support. TD Cowen Remains Bullish on Delta Air Lines
• Neutral Sentiment: Several valuation/analysis pieces assess DAL after the recent pullback, reviewing upside vs. risks and noting that the share price decline has pushed valuation metrics to historically cheap levels — useful context but not an immediate catalyst. Assessing Delta Air Lines (DAL) Valuation
• Neutral Sentiment: The “Delta Ushers a New Era…” item refers to Delta (power-management/smart-green solutions), not Delta Air Lines — not directly relevant to DAL’s operations or stock. Investors should not conflate that Delta with Delta Air Lines. Delta Ushers a New Era of AI Digital Twins
• Negative Sentiment: UBS and other analysts have cut airline earnings estimates and price targets because rising jet fuel costs are squeezing margins — a sector-wide headwind that could blunt DAL’s earnings and put downward pressure on the stock if fuel remains elevated. US airline stocks near potential bottom as UBS cuts estimates on rising fuel costs
• Negative Sentiment: A recent article highlighting a “shutdown push” and broader risk/valuation questions underscores near-term operational and political/regulatory risks that could amplify volatility and act as a drag on sentiment until resolved. Delta Shutdown Push Puts Spotlight On Delta Air Lines Valuation And Risks

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Dbs Bank upgraded shares of Delta Air Lines to a “moderate buy” rating in a research report on Monday, January 19th. The Goldman Sachs Group boosted their price target on shares of Delta Air Lines from $77.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $80.00 price target on shares of Delta Air Lines in a research note on Friday, December 19th. Wells Fargo & Company cut their price objective on Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating for the company in a report on Monday. Finally, Citigroup reissued a “buy” rating on shares of Delta Air Lines in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.76.

Delta Air Lines Company 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.