Delta Air Lines, Inc. (NYSE:DAL) EVP Sells $1,176,206.78 in Stock

Delta Air Lines, Inc. (NYSE:DAL) EVP Alain Bellemare sold 24,073 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the sale, the executive vice president now owns 141,451 shares in the company, valued at approximately $6,911,295.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Delta Air Lines Trading Down 2.6 %

Shares of NYSE:DAL traded down $1.29 during midday trading on Wednesday, hitting $47.94. 10,324,701 shares of the stock were exchanged, compared to its average volume of 10,867,252. The stock has a market capitalization of $30.94 billion, a price-to-earnings ratio of 6.33, a P/E/G ratio of 0.73 and a beta of 1.43. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41. The business’s 50-day moving average price is $44.51 and its 200 day moving average price is $39.95. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $49.81.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The company had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 earnings per share. Analysts predict that Delta Air Lines, Inc. will post 6.52 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s dividend payout ratio (DPR) is presently 5.14%.

Hedge Funds Weigh In On Delta Air Lines

Several institutional investors have recently added to or reduced their stakes in DAL. CWM LLC lifted its stake in Delta Air Lines by 5.9% in the third quarter. CWM LLC now owns 17,168 shares of the transportation company’s stock valued at $635,000 after buying an additional 958 shares during the period. DnB Asset Management AS lifted its stake in Delta Air Lines by 15.4% in the third quarter. DnB Asset Management AS now owns 37,976 shares of the transportation company’s stock valued at $1,405,000 after buying an additional 5,069 shares during the period. Caprock Group LLC lifted its stake in Delta Air Lines by 89.6% in the third quarter. Caprock Group LLC now owns 8,535 shares of the transportation company’s stock valued at $316,000 after buying an additional 4,034 shares during the period. Capital Advisory Group Advisory Services LLC lifted its stake in Delta Air Lines by 31.7% in the third quarter. Capital Advisory Group Advisory Services LLC now owns 15,894 shares of the transportation company’s stock valued at $588,000 after buying an additional 3,824 shares during the period. Finally, NovaPoint Capital LLC lifted its stake in Delta Air Lines by 1.8% in the third quarter. NovaPoint Capital LLC now owns 34,045 shares of the transportation company’s stock valued at $1,260,000 after buying an additional 615 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Susquehanna increased their price target on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Bank of America increased their price target on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft increased their price target on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, UBS Group started coverage on Delta Air Lines in a report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus 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.