Assenagon Asset Management S.A. Decreases Stock Position in Delta Air Lines, Inc. $DAL

Assenagon Asset Management S.A. trimmed its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 61.7% in the first quarter, Holdings Channel.com reports. The firm owned 102,020 shares of the transportation company’s stock after selling 164,539 shares during the period. Assenagon Asset Management S.A.’s holdings in Delta Air Lines were worth $6,782,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAL. Focused Wealth Management Inc increased its stake in Delta Air Lines by 15.6% during the 1st quarter. Focused Wealth Management Inc now owns 4,083 shares of the transportation company’s stock worth $271,000 after buying an additional 550 shares during the period. Murphy & Mullick Capital Management Corp boosted its position in Delta Air Lines by 24.8% in the 1st quarter. Murphy & Mullick Capital Management Corp now owns 3,626 shares of the transportation company’s stock valued at $241,000 after buying an additional 720 shares during the last quarter. Great Waters Wealth Management grew its stake in shares of Delta Air Lines by 3.5% during the first quarter. Great Waters Wealth Management now owns 6,502 shares of the transportation company’s stock valued at $432,000 after acquiring an additional 221 shares in the last quarter. Wealth Management Partners LLC grew its stake in shares of Delta Air Lines by 28.7% during the first quarter. Wealth Management Partners LLC now owns 11,621 shares of the transportation company’s stock valued at $773,000 after acquiring an additional 2,590 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its stake in shares of Delta Air Lines by 96.0% during the first quarter. AdvisorNet Financial Inc now owns 5,544 shares of the transportation company’s stock valued at $369,000 after acquiring an additional 2,716 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Key Headlines Impacting Delta Air Lines

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

• Positive Sentiment: Delta’s recent dividend hike and ongoing share buybacks signal financial strength and shareholder-friendly capital allocation. Should Investors Buy Delta Air Lines Stock Post Latest Dividend Hike?
• Positive Sentiment: Evercore raised its price target on Delta Air Lines (DAL) to $105 from $85 and reiterated an outperform rating, suggesting more upside potential. Evercore target raise
• Positive Sentiment: Analysts and market commentary are highlighting improving airline demand, easing oil prices, and a constructive setup ahead of Delta’s upcoming earnings report. What to Expect From Delta Air Lines’ Q2 2026 Earnings Report
• Neutral Sentiment: Delta is featured in multiple stock-watch and analyst roundup pieces, keeping the name in focus but without a clearly new fundamental update. Zacks Market Edge Highlights: Delta Air Lines, Ryder and Wabtec
• Negative Sentiment: Some analysts caution that Delta could miss Q2 earnings expectations or issue softer Q3 guidance, which would pressure the stock if confirmed. Delta Air Lines: Bracing For A Potential Q2 Earnings Miss And Light Q3 Guidance

Delta Air Lines Stock Performance

Shares of DAL stock opened at $92.72 on Monday. The stock has a market capitalization of $60.91 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 1.50 and a beta of 1.30. Delta Air Lines, Inc. has a one year low of $48.24 and a one year high of $95.14. The company’s 50-day simple moving average is $76.72 and its 200-day simple moving average is $71.09. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.42.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The firm had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.05 billion. During the same period in the previous year, the company earned $0.46 earnings per share. Delta Air Lines’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts anticipate that Delta Air Lines, Inc. will post 5.36 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, July 9th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s payout ratio is 10.93%.

Insider Activity

In other news, EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total value of $2,036,000.00. Following the completion of the sale, the executive vice president directly owned 95,025 shares in the company, valued at approximately $7,738,836. The trade was a 20.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Allison C. Ausband sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $79.00, for a total value of $395,000.00. Following the sale, the executive vice president directly owned 133,854 shares in the company, valued at approximately $10,574,466. This represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 149,635 shares of company stock worth $10,833,855. 0.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DAL shares. Morgan Stanley boosted their price target on Delta Air Lines from $90.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Jefferies Financial Group raised their price objective on Delta Air Lines from $81.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Rothschild & Co Redburn dropped their price objective on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Bank of America upped their target price on Delta Air Lines from $78.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Wells Fargo & Company reduced their target price on Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating for the company in a research note on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.26.

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.