Delta Air Lines, Inc. $DAL Stock Sold by Ninety One North America Inc.

Posted by Brian Himes on Oct 15th, 2026

Ninety One North America Inc. reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 32.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,232 shares of the transportation company’s stock after selling 13,459 shares during the period. Ninety One North America Inc.’s holdings in Delta Air Lines were worth $2,356,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new stake in shares of Delta Air Lines in the second quarter valued at $1,182,646,000. Pacer Advisors Inc. boosted its stake in shares of Delta Air Lines by 50.9% during the first quarter. Pacer Advisors Inc. now owns 4,033,595 shares of the transportation company’s stock valued at $268,153,000 after acquiring an additional 1,360,195 shares during the last quarter. Russell Investments Group Ltd. increased its position in Delta Air Lines by 4.7% during the 4th quarter. Russell Investments Group Ltd. now owns 2,779,679 shares of the transportation company’s stock worth $192,900,000 after purchasing an additional 124,267 shares in the last quarter. Great Lakes Advisors LLC purchased a new stake in Delta Air Lines during the 2nd quarter worth about $160,265,000. Finally, California Public Employees Retirement System increased its position in Delta Air Lines by 15.0% during the 1st quarter. California Public Employees Retirement System now owns 1,469,652 shares of the transportation company’s stock worth $97,702,000 after purchasing an additional 191,345 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Up 0.4%

Shares of DAL traded up $0.30 during mid-day trading on Thursday, reaching $76.95. The company had a trading volume of 2,817,376 shares, compared to its average volume of 8,571,915. Delta Air Lines, Inc. has a fifty-two week low of $55.03 and a fifty-two week high of $95.68. The firm has a fifty day simple moving average of $82.68 and a 200-day simple moving average of $80.19. The stock has a market cap of $50.63 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42.

Delta Air Lines (NYSE:DAL – Get Free Report) last released its quarterly earnings data on Friday, October 9th. The transportation company reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.05). The firm had revenue of $17.59 billion for the quarter, compared to analyst estimates of $17.64 billion. Delta Air Lines had a return on equity of 16.83% and a net margin of 4.58%. The company’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.71 earnings per share. Delta Air Lines has set its Q4 2026 guidance at 1.150-1.650 EPS and its FY 2026 guidance at 5.100-5.600 EPS. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 5.34 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Thursday, October 15th will be given a dividend of $0.2150 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 15th. Delta Air Lines’s dividend payout ratio is 17.17%.

Wall Street Analyst Weigh In

DAL has been the topic of a number of recent research reports. Susquehanna reduced their target price on shares of Delta Air Lines from $100.00 to $95.00 and set a “positive” rating on the stock in a report on Monday. BMO Capital Markets raised their price target on shares of Delta Air Lines from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday. Rothschild & Co Redburn lifted their target price on shares of Delta Air Lines from $104.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, September 18th. Cantor Fitzgerald set a $101.00 price target on Delta Air Lines in a report on Friday, October 2nd. Finally, Morgan Stanley boosted their price target on Delta Air Lines from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Twenty-two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Delta Air Lines currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.65.

Check Out Our Latest Stock Analysis on DAL

Insider Activity

In other Delta Air Lines news, EVP Alain Bellemare sold 35,000 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $92.72, for a total transaction of $3,245,200.00. Following the transaction, the executive vice president directly owned 95,025 shares of the company’s stock, valued at $8,810,718. The trade was a 26.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 206,510 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $92.80, for a total transaction of $19,164,128.00. Following the sale, the chief executive officer owned 1,363,448 shares of the company’s stock, valued at approximately $126,527,974.40. This represents a 13.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 356,726 shares of company stock worth $33,081,037. Insiders own 0.80% of the company’s stock.

Delta Air Lines Profile

(Free Report)

Delta Air Lines, Inc is a major U.S. airline that provides scheduled passenger and air freight transportation. The company serves destinations throughout the United States and connects customers to international markets across Europe, Asia, Latin America, Canada, Africa and the Caribbean through its own operations and regional airline partners.

Delta offers multiple classes of passenger service, including premium cabins and its main cabin, along with travel-related products such as vacation packages and loyalty benefits through the SkyMiles program.