Silvercrest Asset Management Group 13F: Cuts DAL Stake by $3.5M

Silvercrest Trims Delta Air Lines Stake

Silvercrest Asset Management Group filed a Form 13F with the Securities and Exchange Commission showing a reduction in its holdings of Delta Air Lines, Inc. (NYSE:DAL). During the period ended May 15, 2026, the firm sold 37,805 shares of the carrier. That move lowered its investment by 2.1%, leaving the asset manager with 1,755,340 shares compared to 1,793,145 shares previously.

Position Details and Valuation

At the end of the reporting period, Silvercrest's remaining stake in the airline was valued at approximately $164.4 million. Because 13F filings are backward-looking documents that reflect portfolio snapshots at past quarter ends, they do not necessarily show what the fund holds today. The firm originally built portions of its cost basis around an average price of $51.64 per share.

Stock Price Movement and Valuation

Delta shares trade near $93.66 as of Saturday, sitting well above the 200-day moving average of $76.26 and closer to the upper boundary of its 52-week trading span of $55.03 to $95.68. The carrier carries a market capitalization of about $51.37 billion and a trailing P/E ratio of 15.6, alongside a forward P/E of 10.7.

Recent Earnings Performance

For its financial health, Delta reported annual revenue of $71.8 billion with a revenue growth rate of 21.1%. The company generated earnings of $5.01 per share, supported by a net margin of 4.6% and a return on equity of 15.9%. Investors can anticipate the next earnings update from the airline on January 13, 2027.

Dividend Policy

Delta currently pays an annual dividend yielding 1.1% with a payout ratio of 15.5%, returning a portion of earnings back to shareholders while retaining capital for fleet maintenance and operations.

Wall Street Analyst Views

Wall Street firms continue to monitor the airline closely with numerous rating updates. On October 12, 2026, UBS maintained its buy rating while adjusting its price target to $102.00 from $105.00. On the same day, BMO Capital maintained an outperform rating and raised its target to $105.00 from $100.00, while Susquehanna maintained a positive rating with a target moved to $95.00 from $100.00. Bernstein maintained an outperform rating with a $100.00 target on October 7, 2026, and TD Cowen maintained a buy rating at $101.00 on October 2, 2026. Across the broader analyst community, the stock holds a consensus strong buy rating with a mean price target of $101.07.

About Delta Air Lines

Headquartered in Atlanta, Georgia, Delta Air Lines operates scheduled air transportation for passengers and cargo across domestic and international routes. The company operates major hubs in cities like Atlanta, Minneapolis, Detroit, and New York, offering global connectivity alongside aircraft maintenance and vacation packages.

What to Watch at Delta Air Lines, Inc.

Investors tracking Delta Air Lines will want to watch upcoming institutional filings and the next scheduled earnings report in January 2027. These updates will provide fresh insight into how institutional managers and corporate insiders adjust their exposure as the airline navigates the broader travel market.