Delta Air Lines, Inc. (NYSE:DAL) EVP Joanne D. Smith Sells 4,846 Shares

Delta Air Lines, Inc. (NYSE:DAL) EVP Joanne D. Smith sold 4,846 shares of Delta Air Lines stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $52.30, for a total transaction of $253,445.80. Following the sale, the executive vice president now directly owns 112,421 shares of the company’s stock, valued at $5,879,618.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Delta Air Lines Trading Up 0.9 %

Shares of Delta Air Lines stock traded up $0.48 during midday trading on Thursday, reaching $52.76. 4,601,177 shares of the company’s stock traded hands, compared to its average volume of 10,611,410. The stock has a 50 day moving average of $46.61 and a 200-day moving average of $41.17. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $53.00. The company has a market cap of $33.77 billion, a PE ratio of 6.78, a price-to-earnings-growth ratio of 0.76 and a beta of 1.38. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The business had revenue of $13.75 billion during the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. As a group, equities analysts expect that Delta Air Lines, Inc. will post 6.61 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, May 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.76%. Delta Air Lines’s dividend payout ratio (DPR) is 5.14%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Manchester Capital Management LLC raised its holdings in Delta Air Lines by 24.7% in the first quarter. Manchester Capital Management LLC now owns 983 shares of the transportation company’s stock worth $47,000 after purchasing an additional 195 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in Delta Air Lines by 4.0% during the first quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company’s stock worth $276,000 after acquiring an additional 221 shares in the last quarter. Silverlake Wealth Management LLC grew its holdings in Delta Air Lines by 2.9% in the first quarter. Silverlake Wealth Management LLC now owns 8,145 shares of the transportation company’s stock worth $390,000 after purchasing an additional 229 shares during the period. Lindbrook Capital LLC grew its holdings in Delta Air Lines by 7.2% in the first quarter. Lindbrook Capital LLC now owns 3,472 shares of the transportation company’s stock worth $166,000 after purchasing an additional 233 shares during the period. Finally, Norden Group LLC increased its stake in shares of Delta Air Lines by 1.8% during the first quarter. Norden Group LLC now owns 14,006 shares of the transportation company’s stock valued at $670,000 after purchasing an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DAL shares. UBS Group began coverage on Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their target price on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Bank of America lifted their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. Susquehanna upped their price objective on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. Finally, StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $58.29.

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.