Gotham Asset Management Reduces $7M in Delta Air Lines, Inc. ($DAL)
Gotham Asset Management trimmed its Delta Air Lines position by 8.1% as of its latest 13F filing.
Key Points
- Gotham Asset Management reduced its stake in Delta Air Lines by 78,933 shares, bringing its total to 893,650 shares valued at $74.2 million.
- Delta Air Lines has a market cap of about $54.6 billion and a P/E ratio of 12.13, with its stock trading near $83.06.
- Insiders at Delta Air Lines, including EVP Alain Bellemare, sold shares recently; analysts maintain strong buy ratings with targets up to $105.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Gotham Asset Management has reduced its stake in Delta Air Lines, Inc. (NYSE: DAL), according to its latest Form 13F filing with the SEC. The firm trimmed its holdings by 78,933 shares, an 8.1% decrease, bringing its total to 893,650 shares. The value of these shares is approximately $74.2 million, based on the filing data as of May 15, 2026.
What Changed in Gotham Asset Management's Delta Air Lines Position
Gotham Asset Management decreased its Delta Air Lines stake from 972,583 shares to 893,650 shares, a reduction of 78,933 shares, or 8.1%. The shares are valued at about $74.2 million. This move reflects a strategic adjustment in its portfolio.
Other Institutional Activity in Delta Air Lines
Other major institutional investors have also been active in Delta Air Lines. BlackRock, Inc. reduced its holdings by 600,312 shares, leaving it with 44,124,774 shares valued at approximately $2.93 billion. Vanguard Capital Management LLC established a new position with 41,944,003 shares worth about $2.79 billion. Similarly, Berkshire Hathaway Inc. also initiated a new position, holding 39,809,456 shares valued at around $2.65 billion. Sanders Capital, LLC slightly reduced its stake by 110,659 shares, resulting in a total of 29,467,155 shares worth $1.96 billion. FMR LLC increased its holdings by 93,216 shares, ending with 27,504,033 shares valued at approximately $1.83 billion.
Delta Air Lines, Inc. Stock Up 17.0%
Shares of Delta Air Lines (NYSE: DAL) traded near $83.06. The company boasts a market capitalization of around $54.6 billion with a P/E ratio of 12.13 and a forward P/E of 10.31. Delta's stock has a 52-week range between $45.28 and $83.83, a 50-day moving average of $72.58, and a 200-day moving average of $66.14. The company's beta is 1.313, indicating its volatility relative to the market. Its current ratio is 0.418, quick ratio is 0.28, and it has a debt-to-equity ratio of 105.02.
$DAL stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Delta Air Lines reported revenues of $65.18 billion, reflecting a growth of 12.9%. The company's net margin stands at 6.87%, with a return on equity of 24.99%. Delta's earnings per share (EPS) is $6.85. The next earnings report is expected on April 8, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
4 target raises vs 1 cuts.
-
EPS & revenue
EPS beat estimates by 10.7%. Revenue beat estimates by 12.0%.
-
Profit surprise
EBITDA missed by 57 percent. Operating income missed sharply.
-
Pre-earnings setup
Bar was high, analysts already very bullish.
-
Analyst signal
4 target raises, 1 target cut.
-
Earnings quality
Gross margin up 7.2 points. Operating margin down 0.9 points. Positive free cash flow.
Earnings Call Summary
Delta delivered strong March quarter results with 15.9 billion dollars in revenue and 64 cents in earnings per share, beating expectations. Demand remains strong across corporate and leisure travel. However, jet fuel prices nearly doubled from earlier in the year, adding more than two billion dollars in fuel costs for the second quarter. The airline is reducing capacity in unprofitable flying and working to recapture forty to fifty percent of fuel price increases through higher ticket prices and fees.
Guidance Delta expects second quarter revenue to grow in the low teens, flat capacity versus last year. They plan an operating margin of six to eight percent and earnings of one dollar to one dollar fifty per share. Jet fuel prices are expected to average four dollars thirty per gallon, double last year's cost.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
Delta Air Lines offers an annual dividend rate of $0.75, yielding 0.92%. The dividend payout ratio is 10.4%, indicating a conservative approach to dividend distribution.
Insider Buying and Selling at Delta Air Lines, Inc.
Recent insider activity at Delta Air Lines includes sales by Alain Bellemare, EVP & President - International, who sold 25,000 shares on May 27, 2026, at an average price of $81.44. Allison Ausband, EVP & Chief People Officer, sold 5,000 shares at $80.9 on the same day, and additional transactions occurred earlier in the month.
Analysts Set New Price Targets
On May 26, 2026, UBS maintained its 'buy' rating for Delta Air Lines, setting a price target of $98. Bernstein also maintained a 'buy' rating with an $88 target on May 11. The consensus among 25 analysts is a 'strong buy' with an average target price of $81.81, ranging from $48 to $105.
About Delta Air Lines
Delta Air Lines, Inc., headquartered in Atlanta, GA, is a major airline providing scheduled air transportation for passengers and cargo in the United States and internationally. Founded in 1924, Delta operates through two segments: Airline and Refinery. The company has a strong domestic network centered around key hubs in cities like Atlanta and New York, and an extensive international presence in major markets such as London and Tokyo. Delta employs approximately 103,000 people and is led by CEO Edward H. Bastian.
Bottom Line
Gotham Asset Management's recent filing shows a strategic reduction in its Delta Air Lines holdings, a move that reflects ongoing portfolio adjustments. Delta's market presence and financial performance continue to attract institutional interest, as seen in the activities of major investors. Analysts remain optimistic, maintaining strong buy ratings, which underscores confidence in Delta's future prospects. As always, it's important to remember that 13F filings reflect positions as of the reporting period and may not indicate current holdings.
Get Delta Air Lines, Inc. alerts
New 13F filings, insider trades, and analyst moves on $DAL, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.