Ninety One UK 13F: Cuts Delta Air Lines (DAL) Stake by $95M

In a recent Form 13F filing with the SEC on October 15, 2026, institutional investor Ninety One UK reported a reduced stake in Delta Air Lines, Inc. (NYSE: DAL). Institutional filings are backward-looking and reflect holdings as of the end of the reported period, meaning they may not represent the investor's current position today.

Inside Ninety One UK's Delta Air Lines, Inc. Trade

Ninety One UK lowered its investment in Delta Air Lines by selling 1,141,845 shares. That marked a 29.4% decrease from its previous holdings of 3,881,580 shares. Following the adjustment, the firm owned 2,739,735 shares with a reported market value of about $228.7 million.

Other Institutional Activity in Delta Air Lines, Inc.

Other major funds made notable adjustments to their Delta Air Lines positions during the reporting period. Berkshire Hathaway, Inc grew its holdings by 17,511,680 shares, ending with 57,320,000 shares worth about $4.32 billion. Blackrock Inc. grew its holdings by 979,609 shares, ending with 45,106,139 shares worth about $3.40 billion. Vanguard Capital Management LLC reduced its holdings by 637,557 shares, ending with 41,307,000 shares worth about $3.11 billion. FMR, LLC grew its holdings by 5,682,496 shares, ending with 33,187,319 shares worth about $2.50 billion. Sanders Capital, LLC reduced its holdings by 338,888 shares, ending with 29,129,629 shares worth about $2.20 billion.

Delta Air Lines, Inc. Stock Down 1.5%

Delta Air Lines shares recently traded around $75.33. The stock sits about 8.8% below its 50-day moving average of $82.64 and roughly 1.2% below its 200-day moving average of $76.26. Shares rest 21.3% below their 52-week high of $95.68 and 36.9% above their 52-week low of $55.03.

Recent Earnings

Delta Air Lines reported trailing-twelve-month revenue of $71.80 billion alongside a trailing-twelve-month EPS of $5.01. The company posted a net profit margin of 4.6% and a return on equity of 15.9%. Year-over-year revenue growth stood at 21.1%. The company's next earnings report is scheduled for January 13, 2027.

Dividend

Delta Air Lines pays an annual dividend with a current dividend yield of 1.1% and a dividend payout ratio of 15.5%.

Insider Buying and Selling at Delta Air Lines, Inc.

Company insiders executed several stock sales prior to the filing. On August 4, 2026, officer Alain Bellemare sold 35,000 shares at an average price of $92.72 for a total value of $3,245,165. On August 4, 2026, Alain Bellemare executed another sale of 35,000 shares at $92.72 worth $3,245,165. On August 5, 2026, officer Steven M Sear sold 40,460 shares at $93.55 for a total value of $3,785,154. On August 5, 2026, director Michael P Huerta sold 3,100 shares at $94.12 worth $291,756. None of these transactions were reported as part of a Rule 10b5-1 trading plan.

Analysts Set New Price Targets

Wall Street analysts updated their views on Delta Air Lines ahead of the filing. On October 7, 2026, Bernstein maintained its Outperform rating while lowering its price target to $100.00 from $106.00. On October 7, 2026, Susquehanna maintained its Positive rating and lowered its price target to $100.00 from $105.00. On October 12, 2026, UBS maintained a Buy rating while trimming its target to $102.00 from $105.00. On October 12, 2026, BMO Capital maintained an Outperform rating and raised its target to $105.00 from $100.00. On October 12, 2026, Susquehanna maintained a Positive rating with a target of $95.00, down from $100.00. Overall, the stock carries a consensus strong buy rating with a mean price target of $101.07 across 24 analyst opinions.

About Delta Air Lines, Inc.

Headquartered in Atlanta, Georgia, Delta Air Lines operates scheduled air transportation for passengers and cargo across domestic and international routes. The company maintains core hub operations in cities including Atlanta, Detroit, and Minneapolis-St. Paul. Institutional adjustments like Ninety One UK's recent stake reduction offer insight into how large professional investors manage their exposure to major legacy carriers.

Bottom Line

Investors will watch Delta Air Lines closely as it approaches its next earnings announcement on January 13, 2027. Because 13F filings look backward at prior-quarter activity, market participants should consult newer filings and price movements to track current institutional sentiment.