Delta Air Lines (NYSE:DAL) Director David Dewalt Sells 31,756 Shares of Stock

Delta Air Lines, Inc. (NYSE:DAL) Director David Dewalt sold 31,756 shares of Delta Air Lines stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $90.85, for a total transaction of $2,885,032.60. Following the sale, the director owned 22,358 shares in the company, valued at approximately $2,031,224.30. This trade represents a 58.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Delta Air Lines Stock Performance

NYSE:DAL opened at $93.13 on Thursday. The firm has a market capitalization of $61.24 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 1.17 and a beta of 1.31. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.48. Delta Air Lines, Inc. has a 12-month low of $52.88 and a 12-month high of $95.68. The firm has a 50-day moving average price of $86.10 and a 200 day moving average price of $74.62.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The company had revenue of $17.67 billion for the quarter, compared to the consensus estimate of $17.43 billion. During the same period in the previous year, the business earned $2.10 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis. Research analysts anticipate that Delta Air Lines, Inc. will post 6.54 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 30th. Investors of record on Thursday, July 9th were paid a $0.215 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $0.86 annualized dividend and a yield of 0.9%. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.19. Delta Air Lines’s payout ratio is presently 14.26%.

Institutional Investors Weigh In On Delta Air Lines

Institutional investors have recently modified their holdings of the business. Arlington Trust Co LLC grew its holdings in shares of Delta Air Lines by 11.7% in the second quarter. Arlington Trust Co LLC now owns 1,238 shares of the transportation company’s stock worth $116,000 after acquiring an additional 130 shares during the period. IFM Investors Pty Ltd lifted its holdings in Delta Air Lines by 0.5% in the fourth quarter. IFM Investors Pty Ltd now owns 28,167 shares of the transportation company’s stock valued at $1,955,000 after acquiring an additional 144 shares during the period. Utah Retirement Systems boosted its position in Delta Air Lines by 0.3% in the fourth quarter. Utah Retirement Systems now owns 52,620 shares of the transportation company’s stock worth $3,652,000 after purchasing an additional 144 shares during the last quarter. HBK Sorce Advisory LLC boosted its position in Delta Air Lines by 2.6% in the fourth quarter. HBK Sorce Advisory LLC now owns 6,022 shares of the transportation company’s stock worth $454,000 after purchasing an additional 151 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Delta Air Lines by 2.4% during the 4th quarter. Larson Financial Group LLC now owns 6,472 shares of the transportation company’s stock valued at $449,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DAL. The Goldman Sachs Group reissued a “buy” rating on shares of Delta Air Lines in a report on Monday. Evercore increased their target price on shares of Delta Air Lines from $85.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Benchmark reissued a “buy” rating on shares of Delta Air Lines in a report on Wednesday, July 8th. Cantor Fitzgerald set a $112.00 price target on shares of Delta Air Lines in a report on Tuesday, July 14th. Finally, Argus set a $105.00 price target on shares of Delta Air Lines in a research report on Tuesday, July 14th. Twenty-three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.40.

Key Stories Impacting Delta Air Lines

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

• Positive Sentiment: Crude oil prices fell for a second consecutive session, potentially lowering jet-fuel expenses and improving Delta’s profit margins if the decline persists. Lower energy costs could also ease inflationary pressure and support travel demand. Oil Just Lost its Inflation Premium: Here’s Who Wins if Prices Stay Low
• Positive Sentiment: Zacks highlighted DAL as a strong momentum stock, reflecting its recent price performance and improving investor interest. Momentum support may attract additional buying, although it does not by itself establish a change in Delta’s fundamentals. Here’s Why Delta Air Lines Is a Strong Momentum Stock
• Neutral Sentiment: A commentary article presents a contrarian view that higher fuel costs could potentially create benefits for Delta under certain industry or pricing conditions. However, the thesis is less immediately favorable than falling fuel prices and highlights uncertainty around fuel-cost exposure. Delta Air Lines: Higher Fuel Costs Might Produce Surprising Gains
• Neutral Sentiment: United Airlines CEO Scott Kirby’s reported merger approaches to Delta and American were rejected. Avoiding a major merger may limit near-term industry disruption for Delta, though United’s focus on fleet innovation could increase competitive pressure over time. Rejected but Not Retreating: United’s Future Lies in Fleet Innovation, Not M&A

About Delta Air Lines

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.