Insider Selling: Delta Air Lines, Inc. (NYSE:DAL) SVP Sells 21,530 Shares of Stock

Delta Air Lines, Inc. (NYSE:DAL) SVP William C. Carroll sold 21,530 shares of Delta Air Lines stock in a transaction on Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the transaction, the senior vice president now owns 19,756 shares in the company, valued at approximately $1,197,608.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Delta Air Lines Trading Up 0.6 %

Shares of NYSE DAL opened at $64.46 on Thursday. Delta Air Lines, Inc. has a 1-year low of $34.87 and a 1-year high of $65.74. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. The business’s 50 day moving average is $51.72 and its two-hundred day moving average is $48.40. The stock has a market capitalization of $41.59 billion, a P/E ratio of 8.95, a PEG ratio of 1.22 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.02). The company had revenue of $15.68 billion for the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.03 EPS. As a group, research analysts expect that Delta Air Lines, Inc. will post 6.07 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. Delta Air Lines’s dividend payout ratio is presently 8.33%.

Institutional Trading of Delta Air Lines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC purchased a new position in shares of Delta Air Lines during the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Delta Air Lines during the 3rd quarter worth approximately $31,000. Kimelman & Baird LLC purchased a new position in Delta Air Lines during the 2nd quarter valued at $31,000. Unique Wealth Strategies LLC bought a new position in Delta Air Lines in the 2nd quarter valued at $40,000. Finally, Quarry LP purchased a new stake in Delta Air Lines in the second quarter worth $41,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on DAL. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research report on Thursday, September 19th. Sanford C. Bernstein boosted their price target on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Bank of America increased their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. Susquehanna upped their target price on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 9th. Finally, Barclays lifted their price target on shares of Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and a consensus target price of $67.73.

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.