Burney Co. Purchases New Shares in Delta Air Lines, Inc. $DAL

Burney Co. purchased a new stake in Delta Air Lines, Inc. (NYSE:DAL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,212 shares of the transportation company’s stock, valued at approximately $501,000.

A number of other institutional investors have also made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in shares of Delta Air Lines by 23.3% in the third quarter. Bank of New York Mellon Corp now owns 7,661,911 shares of the transportation company’s stock valued at $434,813,000 after buying an additional 1,447,058 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Delta Air Lines by 54.8% in the third quarter. Wellington Management Group LLP now owns 5,817,783 shares of the transportation company’s stock valued at $330,159,000 after buying an additional 2,058,744 shares during the last quarter. Ninety One UK Ltd raised its holdings in shares of Delta Air Lines by 23.6% in the third quarter. Ninety One UK Ltd now owns 3,860,710 shares of the transportation company’s stock valued at $219,095,000 after buying an additional 736,342 shares during the last quarter. LSV Asset Management raised its holdings in shares of Delta Air Lines by 1.3% in the third quarter. LSV Asset Management now owns 3,447,917 shares of the transportation company’s stock valued at $195,669,000 after buying an additional 42,878 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Delta Air Lines by 24.6% in the third quarter. Allianz Asset Management GmbH now owns 2,791,581 shares of the transportation company’s stock valued at $158,422,000 after buying an additional 550,480 shares during the last quarter. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $71.71 on Wednesday. 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 stock has a market capitalization of $47.11 billion, a P/E ratio of 10.45, a P/E/G ratio of 0.98 and a beta of 1.31. The business has a 50-day moving average price of $66.58 and a two-hundred day moving average price of $65.08. Delta Air Lines, Inc. has a 1-year low of $38.80 and a 1-year high of $76.39.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $14.20 billion during the quarter, compared to analysts’ expectations of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.Delta Air Lines’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 EPS. Equities analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, February 26th were paid a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.0%. Delta Air Lines’s dividend payout ratio is 10.93%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DAL. The Goldman Sachs Group lifted their price target on Delta Air Lines from $77.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Delta Air Lines in a report on Wednesday, January 14th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $81.00 price target on shares of Delta Air Lines in a report on Wednesday, January 14th. HSBC dropped their price objective on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating for the company in a report on Thursday, April 9th. Finally, Bank of America dropped their price objective on Delta Air Lines from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Moderate Buy” and an average price target of $79.26.

Key Stories Impacting Delta Air Lines

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

• Positive Sentiment: Lower oil prices and a broader “risk‑on” market tone relieved jet‑fuel cost worries and helped lift airline sentiment; this appears to have triggered an extension of Delta’s post‑earnings rally. The report also notes the board-authorized $1.0B opportunistic buyback (through 6/30/2028), which supports share demand. Read More.
• Positive Sentiment: Product and revenue mix improvements: Delta is rolling out updated Delta One and new premium business suites, boosting higher‑margin premium revenue and reinforcing pricing power that can offset cost volatility. Read More.
• Positive Sentiment: Analyst support: Several firms have raised targets or reiterated Buy/Outperform calls (Jefferies, TD Cowen and others), providing conviction around upside vs. current levels. Read More.
• Neutral Sentiment: New partnerships may add ancillary revenue if scaled: Delta’s deal to deploy Amazon’s Project Kuiper for in‑flight Wi‑Fi could expand non‑ticket revenue, but timing and contribution are uncertain. Read More.
• Neutral Sentiment: Sector spillover from merger chatter: Merger rumors among other legacy carriers have buoyed industry stocks broadly; Delta benefits from the sector tailwind though it’s not directly involved. Read More.
• Negative Sentiment: Insider selling: EVP John Laughter recently sold ~69,300 shares (~50% reduction in his holding), a large disclosed sale that can spook some investors even if it’s for personal liquidity. Read More.
• Negative Sentiment: Geopolitical/fuel risk remains a downside: Earlier fears around a Hormuz blockade and elevated jet‑fuel costs underscore that a reversal in oil prices would quickly pressure margins—earnings remain sensitive to sustained fuel spikes. Read More.
• Negative Sentiment: Ticket pricing vs. cost passthrough is uncertain: Rising airfares may help offset higher fuel costs, but execution risk persists—if fares fail to fully cover fuel spikes, margins could erode. Read More.

Insider Buying and Selling

In other news, CEO Edward H. Bastian sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $70.26, for a total value of $7,026,000.00. Following the completion of the sale, the chief executive officer directly owned 1,363,448 shares of the company’s stock, valued at $95,795,856.48. This represents a 6.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Peter W. Carter sold 27,000 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $74.82, for a total value of $2,020,140.00. Following the completion of the sale, the insider directly owned 421,744 shares of the company’s stock, valued at approximately $31,554,886.08. This trade represents a 6.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 601,561 shares of company stock worth $42,704,436 over the last quarter. Insiders own 0.96% 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.