Vestcor Inc Purchases 10,000 Shares of Delta Air Lines, Inc. $DAL

Vestcor Inc lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 288.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,468 shares of the transportation company’s stock after acquiring an additional 10,000 shares during the period. Vestcor Inc’s holdings in Delta Air Lines were worth $935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DAL. Life Cycle Investment Partners Ltd bought a new position in Delta Air Lines in the 4th quarter valued at approximately $471,532,000. Wellington Management Group LLP lifted its stake in Delta Air Lines by 54.8% in the 3rd quarter. Wellington Management Group LLP now owns 5,817,783 shares of the transportation company’s stock valued at $330,159,000 after purchasing an additional 2,058,744 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Delta Air Lines by 23.9% in the 4th quarter. Bank of New York Mellon Corp now owns 9,496,296 shares of the transportation company’s stock valued at $659,043,000 after purchasing an additional 1,834,385 shares during the last quarter. Marshall Wace LLP lifted its stake in Delta Air Lines by 16,044.7% in the 3rd quarter. Marshall Wace LLP now owns 1,263,320 shares of the transportation company’s stock valued at $71,693,000 after purchasing an additional 1,255,495 shares during the last quarter. Finally, Norges Bank bought a new position in Delta Air Lines in the 4th quarter valued at approximately $86,931,000. Institutional investors own 69.93% of the company’s stock.

More Delta Air Lines News

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

• Positive Sentiment: Delta announced a new nonstop route from New York’s JFK to Malta, which adds to its international network and supports long-term revenue growth. Article Title
• Neutral Sentiment: Delta’s president said the airline wants to challenge United’s dominance in trans-Pacific flights, signaling ambition and potential growth in a profitable route network. Article Title
• Neutral Sentiment: Insider selling totaled about $65 million over the past year, which may raise some caution about management’s near-term outlook. Article Title
• Negative Sentiment: The airline sector is facing a broad profit warning as IATA cut its 2026 industry outlook, pointing to higher operating costs and weaker profitability. Article Title
• Negative Sentiment: U.S. airline fuel costs surged in April, reinforcing concerns that elevated jet fuel prices will continue to pressure Delta’s margins. Article Title
• Negative Sentiment: Sector-wide selling followed another warning that rising oil prices and fuel shock are likely to hurt airline profits, weighing on Delta alongside peers. Article Title

Insider Activity at Delta Air Lines

In related news, EVP Alain Bellemare sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the transaction, the executive vice president directly owned 95,025 shares of the company’s stock, valued at $7,738,836. This trade represents a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Allison C. Ausband sold 9,710 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $76.00, for a total transaction of $737,960.00. Following the transaction, the executive vice president directly owned 138,854 shares in the company, valued at $10,552,904. The trade was a 6.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 149,635 shares of company stock valued at $10,833,855 over the last ninety days. Corporate insiders own 0.80% of the company’s stock.

Delta Air Lines Trading Down 1.4%

NYSE:DAL opened at $78.28 on Tuesday. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $51.43 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 1.12 and a beta of 1.30. The firm has a fifty day simple moving average of $71.81 and a two-hundred day simple moving average of $68.96. Delta Air Lines, Inc. has a 12 month low of $45.28 and a 12 month high of $83.83.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $14.20 billion during 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%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $0.46 earnings per share. Analysts expect that Delta Air Lines, Inc. will post 5.37 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, May 14th. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.93%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DAL shares. Wolfe Research decreased their price objective on Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Wells Fargo & Company decreased their price objective on Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating for the company in a report on Monday, March 16th. BNP Paribas Exane decreased their price objective on Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. Rothschild & Co Redburn decreased their price objective on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Finally, Argus increased their price objective on Delta Air Lines from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.85.

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.