Delta Air Lines (NYSE:DAL) EVP Alain Bellemare Sells 25,000 Shares

Delta Air Lines, Inc. (NYSE:DAL) EVP Alain Bellemare sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total value of $2,036,000.00. Following the sale, the executive vice president owned 95,025 shares in the company, valued at approximately $7,738,836. The trade was a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Alain Bellemare also recently made the following trade(s):

• On Thursday, May 7th, Alain Bellemare sold 20,621 shares of Delta Air Lines stock. The stock was sold at an average price of $72.75, for a total value of $1,500,177.75.

Delta Air Lines Stock Up 0.9%

DAL opened at $82.54 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54. The firm has a market cap of $54.23 billion, a P/E ratio of 12.03, a PEG ratio of 1.18 and a beta of 1.25. Delta Air Lines, Inc. has a 52 week low of $45.28 and a 52 week high of $83.75. The business’s fifty day simple moving average is $69.78 and its 200 day simple moving average is $67.89.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share. As a group, equities research analysts anticipate that Delta Air Lines, Inc. will post 5.26 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 0.9%. Delta Air Lines’s dividend payout ratio (DPR) is presently 10.93%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Zacks Research raised Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Bank of America decreased their price target on Delta Air Lines from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Wells Fargo & Company decreased their price target on Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Raymond James Financial raised their price target on Delta Air Lines from $76.00 to $80.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 9th. Finally, TD Cowen raised their price target on Delta Air Lines from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

Delta Air Lines News Summary

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: TD Cowen raised its price target on Delta Air Lines (DAL) from $84 to $92 and reiterated a buy rating, signaling stronger confidence in the stock’s upside potential. TD Cowen price target update
• Positive Sentiment: Delta shares have also benefited from improving sentiment across airline stocks as oil prices retreated, which can ease fuel-cost pressure and improve airline margins. Airline stocks rally as oil retreats
• Positive Sentiment: Delta continues to attract favorable commentary after recent reports highlighted analyst upgrades and target increases, helping support the stock’s upward move. Delta stock is up, what you need to know
• Neutral Sentiment: CEO Ed Bastian defended Delta’s choice of Amazon’s in-flight Wi-Fi service over SpaceX Starlink, a strategic decision that could matter competitively but is not an immediate earnings driver. Delta Amazon Wi-Fi article
• Negative Sentiment: Two Delta executives sold shares this week, including EVP Allison Ausband and EVP Alain Bellemare, which can weigh on sentiment even if insider sales are not always a fundamental warning sign. Ausband SEC filing Bellemare SEC filing

Hedge Funds Weigh In On Delta Air Lines

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital International Investors lifted its stake in shares of Delta Air Lines by 4.4% in the 4th quarter. Capital International Investors now owns 24,211,101 shares of the transportation company’s stock valued at $1,680,249,000 after purchasing an additional 1,012,265 shares in the last quarter. State Street Corp raised its holdings in shares of Delta Air Lines by 0.7% during the 4th quarter. State Street Corp now owns 23,163,644 shares of the transportation company’s stock valued at $1,607,557,000 after buying an additional 165,729 shares during the period. Geode Capital Management LLC raised its holdings in shares of Delta Air Lines by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 17,413,841 shares of the transportation company’s stock valued at $1,215,766,000 after buying an additional 202,865 shares during the period. Wellington Management Group LLP raised its holdings in shares of Delta Air Lines by 137.4% during the 4th quarter. Wellington Management Group LLP now owns 13,811,787 shares of the transportation company’s stock valued at $958,538,000 after buying an additional 7,994,004 shares during the period. Finally, Morgan Stanley raised its holdings in shares of Delta Air Lines by 0.5% during the 4th quarter. Morgan Stanley now owns 12,310,804 shares of the transportation company’s stock valued at $854,370,000 after buying an additional 56,455 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Delta Air Lines Company Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.