Delta Air Lines (NYSE:DAL) Stock: Insider Alain Bellemare Sells 28,000 Shares

Delta Air Lines, Inc. (NYSE:DAL) EVP Alain Bellemare sold 28,000 shares of Delta Air Lines stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $85.93, for a total transaction of $2,406,040.00. Following the transaction, the executive vice president directly owned 80,025 shares of the company’s stock, valued at approximately $6,876,548.25. This trade represents a 25.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $92.28 on Wednesday. Delta Air Lines, Inc. has a fifty-two week low of $55.27 and a fifty-two week high of $95.68. The company has a 50 day simple moving average of $81.31 and a two-hundred day simple moving average of $77.35. The company has a market capitalization of $60.71 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 1.64 and a beta of 1.43. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.40.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Friday, October 9th. The transportation company reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.05). The company had revenue of $17.59 billion during the quarter, compared to the consensus estimate of $17.64 billion. Delta Air Lines had a return on equity of 16.83% and a net margin of 4.58%. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.71 earnings per share. 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. Analysts expect that Delta Air Lines, Inc. will post 5.33 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 5th. Shareholders of record on Thursday, October 15th were issued a $0.2150 dividend. This represents a $0.86 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, October 15th. Delta Air Lines’s payout ratio is 17.17%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DAL. Markowski Investments bought a new position in shares of Delta Air Lines in the second quarter worth approximately $27,000. Timbuktu Capital Management LLC purchased a new position in Delta Air Lines in the 2nd quarter worth approximately $31,000. Elevation Wealth Partners LLC lifted its holdings in Delta Air Lines by 195.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company’s stock worth $34,000 after purchasing an additional 237 shares in the last quarter. Pension & Wealth Management Advisors Inc. bought a new position in Delta Air Lines in the 3rd quarter worth approximately $44,000. Finally, Atlas Wealth LLC bought a new position in Delta Air Lines in the 1st quarter worth approximately $35,000. 69.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on DAL shares. Argus set a $95.00 price objective on shares of Delta Air Lines in a research note on Monday, October 12th. Susquehanna dropped their target price on shares of Delta Air Lines from $100.00 to $95.00 and set a “positive” rating on the stock in a research note on Monday, October 12th. Seaport Research Partners reiterated a “buy” rating and issued a $100.00 target price on shares of Delta Air Lines in a research note on Monday, October 12th. Sanford C. Bernstein cut their price target on shares of Delta Air Lines from $106.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, October 7th. Finally, Rothschild & Co Redburn raised their price target on shares of Delta Air Lines from $104.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, September 18th. Twenty-two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.65.

Delta Air Lines Company Profile

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.