Insider Selling: Delta Air Lines, Inc. (NYSE:DAL) SVP Sells 8,400 Shares of Stock

Delta Air Lines, Inc. (NYSE:DAL) SVP William C. Carroll sold 8,400 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Delta Air Lines Price Performance

NYSE:DAL opened at $68.38 on Wednesday. The stock has a 50 day moving average of $62.91 and a two-hundred day moving average of $52.67. Delta Air Lines, Inc. has a 12 month low of $36.98 and a 12 month high of $68.99. The firm has a market cap of $44.12 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 0.77 and a beta of 1.35. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.28 earnings per share. On average, analysts expect that Delta Air Lines, Inc. will post 7.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Delta Air Lines

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

Analyst Ratings Changes

A number of analysts have recently commented on DAL shares. Jefferies Financial Group upped their target price on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Citigroup lifted their target price on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Barclays raised their price target on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, UBS Group reiterated a “buy” rating and issued a $88.00 price objective on shares of Delta Air Lines in a research report on Tuesday, November 26th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price 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.