Insider Selling: Delta Air Lines, Inc. (NYSE:DAL) EVP Sells 17,970 Shares of Stock

Delta Air Lines, Inc. (NYSE:DAL) EVP Rahul D. Samant sold 17,970 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the completion of the sale, the executive vice president now directly owns 35,889 shares in the company, valued at approximately $2,479,212.12. This trade represents a 33.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Delta Air Lines Trading Up 0.3 %

NYSE:DAL opened at $68.14 on Monday. The firm has a market capitalization of $43.97 billion, a P/E ratio of 12.78, a PEG ratio of 0.80 and a beta of 1.36. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The company’s 50-day simple moving average is $64.01 and its 200 day simple moving average is $54.85.

Delta Air Lines (NYSE:DAL) last released its earnings results 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 firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $1.28 earnings per share. As a group, analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Hedge Funds Weigh In On Delta Air Lines

Large investors have recently modified their holdings of the stock. Future Financial Wealth Managment LLC bought a new stake in Delta Air Lines during the 3rd quarter valued at about $25,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $27,000. Hemington Wealth Management increased 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 acquiring an additional 154 shares in the last quarter. Roxbury Financial LLC purchased a new position in Delta Air Lines in the 4th quarter worth approximately $29,000. Finally, Crews Bank & Trust bought a new position in Delta Air Lines in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DAL. Barclays increased their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Susquehanna lifted their price objective 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. Jefferies Financial Group boosted their target price on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Citigroup raised their price target on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, TD Cowen boosted their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $78.22.

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.