Econ Financial Services Corp Increases Stake in Delta Air Lines, Inc. $DAL

Econ Financial Services Corp increased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 49.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,743 shares of the transportation company’s stock after purchasing an additional 22,718 shares during the period. Delta Air Lines accounts for about 2.1% of Econ Financial Services Corp’s portfolio, making the stock its 16th largest position. Econ Financial Services Corp’s holdings in Delta Air Lines were worth $4,570,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Delta Air Lines by 3.8% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,586 shares of the transportation company’s stock worth $371,000 after buying an additional 205 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Delta Air Lines during the first quarter valued at $2,200,000. Silver Oak Securities Incorporated increased its position in shares of Delta Air Lines by 24.4% in the 1st quarter. Silver Oak Securities Incorporated now owns 13,320 shares of the transportation company’s stock valued at $885,000 after acquiring an additional 2,613 shares during the period. Ritholtz Wealth Management increased its position in shares of Delta Air Lines by 39.5% in the 1st quarter. Ritholtz Wealth Management now owns 26,504 shares of the transportation company’s stock valued at $1,762,000 after acquiring an additional 7,498 shares during the period. Finally, Global Financial Private Client LLC raised its stake in Delta Air Lines by 14.7% in the 1st quarter. Global Financial Private Client LLC now owns 13,886 shares of the transportation company’s stock worth $923,000 after acquiring an additional 1,783 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines News Summary

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

• Positive Sentiment: Delta’s recent dividend hike and ongoing share buybacks signal financial strength and shareholder-friendly capital allocation. Should Investors Buy Delta Air Lines Stock Post Latest Dividend Hike?
• Positive Sentiment: Evercore raised its price target on Delta Air Lines (DAL) to $105 from $85 and reiterated an outperform rating, suggesting more upside potential. Evercore target raise
• Positive Sentiment: Analysts and market commentary are highlighting improving airline demand, easing oil prices, and a constructive setup ahead of Delta’s upcoming earnings report. What to Expect From Delta Air Lines’ Q2 2026 Earnings Report
• Neutral Sentiment: Delta is featured in multiple stock-watch and analyst roundup pieces, keeping the name in focus but without a clearly new fundamental update. Zacks Market Edge Highlights: Delta Air Lines, Ryder and Wabtec
• Negative Sentiment: Some analysts caution that Delta could miss Q2 earnings expectations or issue softer Q3 guidance, which would pressure the stock if confirmed. Delta Air Lines: Bracing For A Potential Q2 Earnings Miss And Light Q3 Guidance

Insider Buying and Selling

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 transaction of $2,036,000.00. Following the completion of the transaction, the executive vice president directly owned 95,025 shares in the company, valued at approximately $7,738,836. This trade represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John E. Laughter sold 15,000 shares of the business’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 of the company’s stock, valued at $3,893,364.09. The trade was a 21.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 149,635 shares of company stock valued at $10,833,855 over the last ninety days. Company insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on DAL shares. Weiss Ratings cut Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. Rothschild & Co Redburn reduced their price objective on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Citigroup lifted their target price on Delta Air Lines from $79.00 to $106.00 and gave the stock a “buy” rating in a report on Monday. Bank of America upped their target price on Delta Air Lines from $78.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Finally, Wolfe Research cut their price target on shares of Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. One equities research 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $86.26.

Delta Air Lines Price Performance

NYSE:DAL opened at $92.72 on Friday. Delta Air Lines, Inc. has a one year low of $48.24 and a one year high of $95.14. 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 firm has a market cap of $60.91 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 1.49 and a beta of 1.30. The firm’s fifty day moving average is $76.72 and its two-hundred day moving average is $71.07.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. The company had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. Research analysts expect that Delta Air Lines, Inc. will post 5.36 EPS for the current year.

Delta Air Lines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 30th. Investors of record on Thursday, July 9th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 0.9%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, July 9th. Delta Air Lines’s dividend payout ratio is 12.54%.

About Delta Air Lines

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.