Delta Air Lines (NYSE:DAL) Stock: Insider Peter Carter Sells 44,950 Shares

Delta Air Lines, Inc. (NYSE:DAL) President Peter Carter sold 44,950 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $89.29, for a total value of $4,013,585.50. Following the completion of the sale, the president directly owned 379,754 shares of the company’s stock, valued at approximately $33,908,234.66. This represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Delta Air Lines Trading Up 2.3%

Shares of NYSE DAL opened at $87.36 on Friday. Delta Air Lines, Inc. has a one year low of $55.27 and a one year high of $95.68. The firm has a market capitalization of $57.48 billion, a PE ratio of 17.44, a PEG ratio of 1.56 and a beta of 1.43. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $80.80 and a two-hundred day moving average price of $77.12.

Delta Air Lines (NYSE:DAL) last released its earnings results on Friday, October 9th. The transportation company reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.05). The business had revenue of $17.59 billion for the quarter, compared to analysts’ expectations of $17.64 billion. Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. The company’s revenue was up 21.1% compared to the same quarter last year. During the same period last year, the firm earned $1.71 EPS. Delta Air Lines has set its Q4 2026 guidance at 1.150-1.650 EPS and its FY 2026 guidance at 5.100-5.600 EPS. As a group, analysts predict that Delta Air Lines, Inc. will post 5.34 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 5th. Investors of record on Thursday, October 15th were given a dividend of $0.2150 per share. The ex-dividend date of this dividend was Thursday, October 15th. This represents a $0.86 dividend on an annualized basis and a yield of 1.0%. Delta Air Lines’s payout ratio is presently 17.17%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DAL shares. Cantor Fitzgerald set a $101.00 price objective on shares of Delta Air Lines in a research note on Friday, October 2nd. JPMorgan Chase & Co. lifted their target price on shares of Delta Air Lines from $85.00 to $114.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Susquehanna decreased their target price on shares of Delta Air Lines from $100.00 to $95.00 and set a “positive” rating for the company in a research note on Monday, October 12th. Seaport Research Partners restated a “buy” rating and set a $100.00 price target on shares of Delta Air Lines in a report on Monday, October 12th. Finally, Wells Fargo & Company lowered their price target on shares of Delta Air Lines from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, October 6th. Twenty-two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $99.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DAL. Markowski Investments acquired a new position in Delta Air Lines during the second quarter worth $27,000. Timbuktu Capital Management LLC bought a new position in Delta Air Lines during the second quarter valued at about $31,000. Elevation Wealth Partners LLC lifted its position in shares of Delta Air Lines by 195.9% in the second quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company’s stock worth $34,000 after buying an additional 237 shares during the last quarter. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Delta Air Lines in the third quarter worth about $44,000. Finally, Atlas Wealth LLC acquired a new stake in shares of Delta Air Lines in the first quarter worth about $35,000. Institutional investors own 69.93% of the company’s stock.

About Delta Air Lines

Delta Air Lines is a U.S.-based airline that provides passenger and cargo transportation. It serves domestic and international destinations through its own flights and relationships with partner airlines, with major hubs including Atlanta, Detroit, Minneapolis–Saint Paul, New York, and Salt Lake City.

The company offers multiple cabin and fare options, including Delta One, First Class, Delta Comfort+ and Main Cabin. Its other businesses and services include Delta Cargo, the SkyMiles loyalty program, and aircraft maintenance and repair services through Delta TechOps.

Delta traces its roots to Huff Daland Dusters, an aerial crop-dusting company established in 1925, and began carrying passengers in 1929.