Delta Air Lines, Inc. $DAL Shares Sold by Truist Financial Corp

Truist Financial Corp cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 8.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,294 shares of the transportation company’s stock after selling 12,856 shares during the period. Truist Financial Corp’s holdings in Delta Air Lines were worth $7,791,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DAL. NewSquare Capital LLC boosted its position in Delta Air Lines by 184.6% in the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after buying an additional 371 shares during the period. Activest Wealth Management raised its stake in shares of Delta Air Lines by 2,280.8% in the second quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 593 shares in the last quarter. Kilter Group LLC purchased a new position in Delta Air Lines in the second quarter valued at $35,000. First Horizon Corp acquired a new position in Delta Air Lines during the 3rd quarter worth $38,000. Finally, Hemington Wealth Management increased its holdings in Delta Air Lines by 37.6% during the 3rd quarter. Hemington Wealth Management now owns 779 shares of the transportation company’s stock worth $44,000 after purchasing an additional 213 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

NYSE DAL opened at $69.05 on Tuesday. The company has a fifty day moving average of $68.83 and a two-hundred day moving average of $61.99. The company has a market capitalization of $45.08 billion, a PE ratio of 9.00, a P/E/G ratio of 0.64 and a beta of 1.38. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $73.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.40 and a quick ratio of 0.34.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Tuesday, January 13th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.02. Delta Air Lines had a net margin of 7.90% and a return on equity of 20.99%. The company had revenue of $14.61 billion for the quarter, compared to analysts’ expectations of $15.80 billion. During the same period in the previous year, the company posted $1.85 EPS. Delta Air Lines’s revenue was up 2.9% compared to the same quarter last year. 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, analysts expect that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Insider Activity at Delta Air Lines

In other news, EVP Rahul D. Samant sold 57,003 shares of the stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $69.57, for a total transaction of $3,965,698.71. Following the completion of the transaction, the executive vice president directly owned 36,246 shares of the company’s stock, valued at approximately $2,521,634.22. This represents a 61.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Erik Storey Snell sold 39,420 shares of Delta Air Lines stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $71.02, for a total value of $2,799,608.40. Following the completion of the sale, the executive vice president owned 35,625 shares in the company, valued at approximately $2,530,087.50. This trade represents a 52.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 351,243 shares of company stock worth $24,742,087 in the last three months. 0.88% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DAL shares. The Goldman Sachs Group boosted their price objective on Delta Air Lines from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. TD Cowen reiterated a “buy” rating on shares of Delta Air Lines in a research note on Wednesday, January 7th. Sanford C. Bernstein reissued an “outperform” rating and issued a $81.00 price objective on shares of Delta Air Lines in a research report on Wednesday, January 14th. Argus set a $80.00 price objective on shares of Delta Air Lines in a report on Wednesday, January 14th. Finally, Barclays boosted their target price on shares of Delta Air Lines from $65.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company’s stock. According to MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and a consensus target price of $80.47.

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.