Hodges Capital Management Inc. Acquires Shares of 6,788 Delta Air Lines, Inc. $DAL

Posted by ABMN Staff on Jul 7th, 2026

Hodges Capital Management Inc. bought a new position in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) during the first quarter, Holdings Channel.com reports. The firm bought 6,788 shares of the transportation company’s stock, valued at approximately $451,000.

Several other institutional investors have also recently made changes to their positions in DAL. Brighton Jones LLC boosted its position in shares of Delta Air Lines by 33.5% during the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock valued at $555,000 after purchasing an additional 2,302 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Delta Air Lines during the first quarter valued at $178,000. Sivia Capital Partners LLC purchased a new position in Delta Air Lines during the second quarter valued at $555,000. Marshall Wace LLP boosted its holdings in shares of Delta Air Lines by 102.2% during the 2nd quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company’s stock valued at $385,000 after buying an additional 357,825 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Delta Air Lines by 10.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company’s stock valued at $2,859,000 after buying an additional 5,564 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Down 1.1%

Shares of DAL stock opened at $91.70 on Tuesday. Delta Air Lines, Inc. has a 12 month low of $49.19 and a 12 month high of $95.68. The stock has a market cap of $60.25 billion, a P/E ratio of 13.37, a P/E/G ratio of 1.39 and a beta of 1.29. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The company has a 50 day simple moving average of $78.99 and a two-hundred day simple moving average of $71.91.

Delta Air Lines (NYSE:DAL – Get Free Report) last issued its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The business had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.05 billion. During the same quarter last year, the company posted $0.46 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. On average, research analysts expect that Delta Air Lines, Inc. will post 5.47 earnings per share for the current year.

Delta Air Lines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th will be issued a dividend of $0.215 per share. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.19. This represents a $0.86 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, July 9th. Delta Air Lines’s dividend payout ratio is presently 10.93%.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the transaction, the executive vice president directly owned 95,025 shares of the company’s stock, valued at $7,738,836. The trade was a 20.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John E. Laughter sold 15,000 shares of Delta Air Lines stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $71.61, for a total value of $1,074,150.00. Following the transaction, the executive vice president directly owned 54,369 shares in the company, valued at approximately $3,893,364.09. The trade was a 21.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 149,635 shares of company stock valued at $10,833,855. Company insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Argus increased their price target on shares of Delta Air Lines from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Zacks Research raised shares of Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Wells Fargo & Company upped their price objective on shares of Delta Air Lines from $75.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Jefferies Financial Group raised their target price on shares of Delta Air Lines from $81.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, TD Cowen upped their target price on shares of Delta Air Lines from $92.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday. Twenty-four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.60.

Read Our Latest Research Report on Delta Air Lines

More Delta Air Lines News

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

Positive Sentiment: Susquehanna raised its price target on Delta Air Lines to $108 from $78 and maintained a positive rating, implying meaningful upside from current levels. Susquehanna Raises Delta Air Lines Price Target to $108
Positive Sentiment: Morgan Stanley also lifted its target to $115 from $105 and kept an overweight rating, signaling continued Wall Street confidence in Delta’s earnings and travel demand outlook. Morgan Stanley Raises Delta Air Lines Price Target to $115
Positive Sentiment: Delta is heading into Q2 earnings with bullish commentary around a potentially strong summer travel season, which could become a near-term catalyst if results and guidance beat expectations. Delta Air Lines Is About to Report Q2 Earnings. Here’s Why This Could Be Its Biggest Summer Yet.
Neutral Sentiment: Delta was added to the Russell 1000, which can improve index visibility and passive fund ownership, but is usually a modest longer-term factor rather than an immediate earnings driver. What Does Russell 1000 Inclusion Mean for Delta Air Lines
Neutral Sentiment: Broader market strength and a calmer economic backdrop may be supporting airline shares, but that effect is not specific to Delta. Review & Preview: Monday Mojo
Negative Sentiment: Some traders are taking profits after Delta’s strong run, and one report said the stock slipped premarket as Wall Street’s optimism faced a reality check ahead of earnings. DAL Stock Slips Premarket: Delta Airlines’ Rally Faces Wall Street Reality Check Ahead Of Earnings
Negative Sentiment: Despite lower jet-fuel prices, airlines are not cutting fares much, suggesting pricing remains competitive and limiting the margin benefit investors might have expected. Jet-Fuel Prices Have Plunged but Aren’t Resulting in Much Lower Fares

Delta Air Lines Company Profile

(Free Report)

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.