Delta Air Lines, Inc. $DAL Shares Bought by Gotham Asset Management LLC

Posted by James Quigley on Jun 18th, 2026

Gotham Asset Management LLC boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 47.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 972,583 shares of the transportation company’s stock after acquiring an additional 313,518 shares during the quarter. Delta Air Lines accounts for 0.2% of Gotham Asset Management LLC’s portfolio, making the stock its 26th largest position. Gotham Asset Management LLC’s holdings in Delta Air Lines were worth $67,497,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Evolve Private Wealth LLC purchased a new position in Delta Air Lines during the 4th quarter worth approximately $4,915,000. CastleKnight Management LP lifted its position in Delta Air Lines by 41.9% in the fourth quarter. CastleKnight Management LP now owns 46,700 shares of the transportation company’s stock worth $3,241,000 after purchasing an additional 13,800 shares during the period. Concentric Capital Strategies LP bought a new stake in Delta Air Lines in the 4th quarter valued at $3,906,000. Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of Delta Air Lines by 4.6% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 274,528 shares of the transportation company’s stock worth $19,100,000 after purchasing an additional 12,053 shares in the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in Delta Air Lines in the fourth quarter valued at about $3,505,000. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Stock Down 1.2%

Shares of NYSE DAL opened at $82.11 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36. The company has a 50-day moving average price of $74.00 and a 200-day moving average price of $70.01. The stock has a market capitalization of $53.94 billion, a P/E ratio of 11.97, a P/E/G ratio of 1.17 and a beta of 1.30. Delta Air Lines, Inc. has a 1 year low of $45.28 and a 1 year high of $87.39.

Delta Air Lines (NYSE:DAL – Get Free Report) last released 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 business had revenue of $14.20 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS. On average, equities research analysts forecast that Delta Air Lines, Inc. will post 5.37 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th were given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 14th. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.93%.

Insiders Place Their Bets

In other news, EVP John E. Laughter sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $71.61, for a total value of $1,074,150.00. Following the completion of the transaction, the executive vice president directly owned 54,369 shares in the company, valued at approximately $3,893,364.09. This trade represents a 21.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Allison C. Ausband sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $79.00, for a total transaction of $395,000.00. Following the transaction, the executive vice president owned 133,854 shares of the company’s stock, valued at $10,574,466. This trade represents a 3.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 149,635 shares of company stock valued at $10,833,855 over the last ninety days. 0.80% of the stock is currently owned by insiders.

Delta Air Lines News Summary

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

Positive Sentiment: Bernstein reportedly raised its outlook on Delta, adding to a wave of favorable analyst attention that could support the stock by reinforcing expectations for earnings upside. Delta Air Lines To Rally Around 12%? Here Are 10 Top Analyst Forecasts For Wednesday
Positive Sentiment: Delta said it will install VCT finlets across 240 Boeing 737NG aircraft, a move aimed at improving fuel efficiency and lowering operating costs over time. Delta Advances Fleet Efficiency with VCT Finlets Across 737NG Fleet
Positive Sentiment: Reports that crude oil prices may fall if geopolitical tensions ease are constructive for airlines like Delta because jet fuel is a major expense and cheaper fuel can widen margins. 3 Stocks to Watch If the Strait of Hormuz Reopens
Positive Sentiment: Delta was cleared by the U.S. Department of Transportation for its handling of the 2024 global IT outage, removing a potential regulatory overhang. Delta Air Lines is cleared by the DOT for how it handled the 2024 global IT outage
Neutral Sentiment: Recent coverage also noted Delta’s quarter in the context of broader travel-sector earnings, but that piece appears more like benchmark commentary than a new stock-moving catalyst. Consumer Discretionary – Travel and Vacation Providers Stocks Q1 Results: Benchmarking Delta (NYSE:DAL)
Neutral Sentiment: News that Spirit Airlines may make a comeback is mostly an industry headline and is not clearly a direct near-term driver for Delta’s shares. After Chapter 11 shutdown, Spirit Airlines may make a comeback
Negative Sentiment: Bloomberg reported Delta may drop Safran as a supplier for new business-class suites after supply-chain and regulatory delays, which could signal execution risk around premium-cabin rollout plans. Delta Air Lines (DAL) Might Drop Safran SA, Reports Bloomberg

Analysts Set New Price Targets

A number of analysts recently commented on DAL shares. Raymond James Financial lifted their price objective on Delta Air Lines from $76.00 to $80.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 9th. Citigroup upped their target price on shares of Delta Air Lines from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Zacks Research upgraded Delta Air Lines from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 15th. BNP Paribas Exane lowered their price objective on shares of Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Finally, Morgan Stanley upped their price objective on shares of Delta Air Lines from $90.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.05.

Get Our Latest Stock Analysis on DAL

Delta Air Lines Profile

(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.