Delta Air Lines, Inc. (NYSE:DAL) SVP Sells $447,271.02 in Stock

Delta Air Lines, Inc. (NYSE:DAL) SVP William C. Carroll sold 6,783 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the completion of the transaction, the senior vice president now directly owns 10,016 shares in the company, valued at approximately $660,455.04. This represents a 40.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Delta Air Lines Stock Down 1.7 %

Shares of NYSE:DAL opened at $67.86 on Friday. The company has a market cap of $43.79 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 0.78 and a beta of 1.36. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98. 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 company has a 50-day moving average price of $63.84 and a 200 day moving average price of $54.51.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data 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 business had revenue of $15.56 billion during 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 company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the company earned $1.28 EPS. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.88%. Delta Air Lines’s payout ratio is 11.26%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DAL. New Wave Wealth Advisors LLC purchased a new position in shares of Delta Air Lines during the 4th quarter worth about $27,000. Roxbury Financial LLC bought a new stake in Delta Air Lines in the fourth quarter worth about $29,000. Hemington Wealth Management boosted its position in shares of Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after buying an additional 154 shares during the period. Future Financial Wealth Managment LLC bought a new position in shares of Delta Air Lines during the third quarter valued at approximately $25,000. Finally, Crews Bank & Trust purchased a new stake in shares of Delta Air Lines in the fourth quarter worth approximately $30,000. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DAL. Susquehanna increased their target price on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. TD Cowen increased their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 13th. Bank of America boosted their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Barclays raised their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $78.22.

About Delta Air Lines

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.