Delta Air Lines, Inc. $DAL Shares Sold by Legal & General Group Plc

Posted by George Bondi on May 29th, 2026

Legal & General Group Plc lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,350,966 shares of the transportation company’s stock after selling 28,646 shares during the quarter. Legal & General Group Plc owned approximately 0.21% of Delta Air Lines worth $93,757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DAL. Brighton Jones LLC increased its position in Delta Air Lines by 33.5% during the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock worth $555,000 after buying an additional 2,302 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Delta Air Lines in the 1st quarter valued at $178,000. Sivia Capital Partners LLC acquired a new position in shares of Delta Air Lines in the 2nd quarter valued at $555,000. Marshall Wace LLP increased its holdings in shares of Delta Air Lines by 102.2% in the 2nd quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company’s stock valued at $385,000 after acquiring an additional 357,825 shares during the period. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Delta Air Lines by 10.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company’s stock valued at $2,859,000 after acquiring an additional 5,564 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

Shares of DAL opened at $82.54 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.42. The stock has a market capitalization of $54.23 billion, a P/E ratio of 12.03, a P/E/G ratio of 1.18 and a beta of 1.25. The company’s fifty day moving average is $69.78 and its two-hundred day moving average is $67.89. Delta Air Lines, Inc. has a 1 year low of $45.28 and a 1 year high of $83.75.

Delta Air Lines (NYSE:DAL – Get Free Report) last announced its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. The company had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.05 billion. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. Delta Air Lines’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 5.26 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be paid a $0.1875 dividend. The ex-dividend date is Thursday, May 14th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 0.9%. Delta Air Lines’s payout ratio is 10.93%.

Insider Activity at Delta Air Lines

In related news, EVP Alain Bellemare sold 25,000 shares of Delta Air Lines 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 sale, the executive vice president directly owned 95,025 shares in the company, valued at $7,738,836. The trade was a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Allison C. Ausband sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total transaction of $395,000.00. Following the transaction, the executive vice president directly owned 133,854 shares in the company, valued at approximately $10,574,466. This trade represents a 3.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 149,635 shares of company stock worth $10,833,855 over the last three months. 0.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DAL. Rothschild & Co Redburn cut their target price on shares of Delta Air Lines from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, March 5th. Zacks Research raised shares of Delta Air Lines from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. BNP Paribas Exane cut their target price on shares of Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating on the stock in a report on Tuesday, April 21st. Jefferies Financial Group lifted their target price on shares of Delta Air Lines from $78.00 to $81.00 and gave the company a “buy” rating in a report on Monday, April 13th. Finally, Susquehanna cut their target price on shares of Delta Air Lines from $81.00 to $78.00 and set a “positive” rating on the stock in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Delta Air Lines has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

Check Out Our Latest Stock Report on Delta Air Lines

Key Delta Air Lines News

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

Positive Sentiment: TD Cowen raised its price target on Delta Air Lines (DAL) from $84 to $92 and reiterated a buy rating, signaling stronger confidence in the stock’s upside potential. TD Cowen price target update
Positive Sentiment: Delta shares have also benefited from improving sentiment across airline stocks as oil prices retreated, which can ease fuel-cost pressure and improve airline margins. Airline stocks rally as oil retreats
Positive Sentiment: Delta continues to attract favorable commentary after recent reports highlighted analyst upgrades and target increases, helping support the stock’s upward move. Delta stock is up, what you need to know
Neutral Sentiment: CEO Ed Bastian defended Delta’s choice of Amazon’s in-flight Wi-Fi service over SpaceX Starlink, a strategic decision that could matter competitively but is not an immediate earnings driver. Delta Amazon Wi-Fi article
Negative Sentiment: Two Delta executives sold shares this week, including EVP Allison Ausband and EVP Alain Bellemare, which can weigh on sentiment even if insider sales are not always a fundamental warning sign. Ausband SEC filing Bellemare SEC filing

About Delta Air Lines

(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.