Delta Air Lines, Inc. (NYSE:DAL) EVP Sells $173,128.26 in Stock

Delta Air Lines, Inc. (NYSE:DAL) EVP Joanne D. Smith sold 3,431 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the completion of the sale, the executive vice president now owns 108,990 shares in the company, valued at approximately $5,499,635.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Delta Air Lines Trading Down 0.8 %

Shares of DAL stock opened at $52.73 on Wednesday. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $54.29. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40. The stock’s fifty day moving average is $44.79 and its two-hundred day moving average is $46.97. The firm has a market capitalization of $34.03 billion, a P/E ratio of 7.59, a PEG ratio of 0.98 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). Delta Air Lines had a return on equity of 36.02% and a net margin of 7.46%. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. During the same quarter in the previous year, the firm posted $2.03 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. Research analysts expect that Delta Air Lines, Inc. will post 6.17 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.63%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Jefferies Financial Group upped their price objective on shares of Delta Air Lines from $56.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. TD Cowen decreased their price objective on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Barclays raised their target price on Delta Air Lines from $52.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Susquehanna boosted their price target on Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 9th. Finally, Sanford C. Bernstein raised their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $65.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Senator Investment Group LP boosted its holdings in Delta Air Lines by 90.0% in the 2nd quarter. Senator Investment Group LP now owns 475,000 shares of the transportation company’s stock valued at $22,534,000 after purchasing an additional 225,000 shares during the last quarter. First Hawaiian Bank purchased a new position in Delta Air Lines in the first quarter worth approximately $749,000. Maryland State Retirement & Pension System increased its stake in Delta Air Lines by 2.8% during the first quarter. Maryland State Retirement & Pension System now owns 50,358 shares of the transportation company’s stock worth $2,384,000 after acquiring an additional 1,362 shares during the last quarter. RFG Advisory LLC purchased a new stake in Delta Air Lines in the first quarter valued at $1,108,000. Finally, Norden Group LLC grew its holdings in shares of Delta Air Lines by 714.1% during the 1st quarter. Norden Group LLC now owns 112,048 shares of the transportation company’s stock worth $5,364,000 after purchasing an additional 98,285 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.