William C. Carroll Sells 8,400 Shares of Delta Air Lines, Inc. (NYSE:DAL) Stock

Delta Air Lines, Inc. (NYSE:DAL) SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the transaction, the senior vice president now directly owns 19,756 shares in the company, valued at $1,304,291.12. This represents a 29.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Delta Air Lines Price Performance

NYSE DAL opened at $67.82 on Thursday. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98. The firm’s fifty day simple moving average is $62.99 and its two-hundred day simple moving average is $52.83. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $43.76 billion, a P/E ratio of 12.72, a P/E/G ratio of 0.77 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 EPS. Analysts forecast that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

Analysts Set New Price Targets

DAL has been the topic of a number of research reports. Jefferies Financial Group raised their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. UBS Group reiterated a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Bank of America raised their price target on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Sanford C. Bernstein lifted their price objective on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $78.22.

Institutional Trading of Delta Air Lines

A number of institutional investors have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC purchased a new position in shares of Delta Air Lines in the third quarter worth $25,000. Kimelman & Baird LLC acquired a new position in shares of Delta Air Lines in the 2nd quarter valued at $31,000. Ashton Thomas Securities LLC purchased a new position in Delta Air Lines in the 3rd quarter worth $31,000. Modus Advisors LLC acquired a new stake in Delta Air Lines during the 4th quarter worth about $33,000. Finally, Harbor Investment Advisory LLC lifted its position in Delta Air Lines by 217.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock worth $34,000 after acquiring an additional 380 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

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.