Wellington Management Group LLP Decreases Stock Holdings in Delta Air Lines, Inc. $DAL

Wellington Management Group LLP reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 16.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,490,402 shares of the transportation company’s stock after selling 698,321 shares during the period. Wellington Management Group LLP’s holdings in Delta Air Lines were worth $326,911,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in shares of Delta Air Lines in the second quarter valued at approximately $1,182,646,000. Life Cycle Investment Partners Ltd acquired a new position in Delta Air Lines during the fourth quarter worth $471,532,000. Pacer Advisors Inc. boosted its stake in Delta Air Lines by 1,579.2% during the fourth quarter. Pacer Advisors Inc. now owns 2,673,400 shares of the transportation company’s stock worth $185,534,000 after buying an additional 2,514,193 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Delta Air Lines by 44.3% in the 4th quarter. AQR Capital Management LLC now owns 6,155,776 shares of the transportation company’s stock worth $426,441,000 after acquiring an additional 1,890,521 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC purchased a new position in shares of Delta Air Lines during the 4th quarter worth $124,444,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Steven M. Sear sold 40,460 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $93.55, for a total transaction of $3,785,033.00. Following the completion of the transaction, the executive vice president owned 104,404 shares of the company’s stock, valued at approximately $9,766,994.20. This trade represents a 27.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Edward H. Bastian sold 206,510 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $92.80, for a total transaction of $19,164,128.00. Following the completion of the sale, the chief executive officer owned 1,363,448 shares of the company’s stock, valued at $126,527,974.40. This trade represents a 13.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 356,726 shares of company stock worth $33,081,037. Insiders own 0.80% of the company’s stock.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $80.09 on Monday. The firm has a market cap of $52.67 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 1.10 and a beta of 1.31. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48. Delta Air Lines, Inc. has a 52 week low of $55.03 and a 52 week high of $95.68. The business’s fifty day simple moving average is $87.73 and its 200-day simple moving average is $76.65.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.07. The firm had revenue of $17.67 billion during the quarter, compared to the consensus estimate of $17.43 billion. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the company earned $2.10 EPS. Equities analysts forecast that Delta Air Lines, Inc. will post 6.23 earnings per share for the current year.

Delta Air Lines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Shareholders of record on Thursday, July 9th were given 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 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, July 9th. Delta Air Lines’s dividend payout ratio (DPR) is 14.26%.

Trending Headlines about Delta Air Lines

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

• Positive Sentiment: A U.S. appeals court vacated the Department of Transportation’s order terminating Delta’s joint venture and antitrust immunity with Grupo Aeroméxico. The ruling preserves the decade-old cross-border partnership, supporting network breadth, schedule coordination and potential revenue synergies. Delta Air Lines vs. Grupo Aeroméxico partnership article
• Positive Sentiment: Delta plans to resume daily nonstop service between New York and Tel Aviv on September 6. Restoring the route could improve international capacity utilization and revenue if travel demand remains firm. Delta to resume New York-Tel Aviv flights
• Positive Sentiment: Industry airfares have risen sharply, indicating a favorable pricing environment for carriers such as Delta. Higher fares could support revenue and margins, although capacity and demand will determine how durable the benefit is. Airfare pricing article
• Positive Sentiment: Delta’s valuation and analyst sentiment remain supportive: the company is described as a strong value stock and has a consensus “Moderate Buy” rating. Elevated call-option activity also signals increased near-term bullish speculation, though options flow is not a fundamental guarantee.
• Neutral Sentiment: Delta and United have resumed flights amid a broader shift in travel patterns; the key variables are whether demand holds and whether airlines can sustain pricing. Delta and United resume flights
• Negative Sentiment: American Airlines is restoring seatback screens to narrow its product and profitability gap with Delta, potentially increasing competitive pressure on Delta’s premium-service advantage. American Airlines restores screens
• Negative Sentiment: Recent trading showed DAL underperforming the broader market, suggesting investors may be taking profits or focusing on execution, competition and the sustainability of airline pricing despite the favorable partnership ruling.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DAL. BMO Capital Markets upped their price objective on shares of Delta Air Lines from $80.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, July 2nd. Morgan Stanley lifted their target price on shares of Delta Air Lines from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. TD Cowen decreased their target price on shares of Delta Air Lines from $112.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, August 24th. Cantor Fitzgerald set a $112.00 price target on shares of Delta Air Lines in a research note on Tuesday, July 14th. Finally, Weiss Ratings upgraded shares of Delta Air Lines from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Twenty-three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.84.

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.