Delta Air Lines (NYSE:DAL) CEO Edward Bastian Sells 50,000 Shares of Company Stock

Delta Air Lines, Inc. (NYSE:DAL) CEO Edward Bastian sold 50,000 shares of Delta Air Lines stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $82.00, for a total transaction of $4,100,000.00. Following the completion of the transaction, the chief executive officer owned 1,313,448 shares of the company’s stock, valued at $107,702,736. This trade represents a 3.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Delta Air Lines Stock Down 1.9%

Shares of NYSE:DAL opened at $80.07 on Friday. Delta Air Lines, Inc. has a 12 month low of $55.03 and a 12 month high of $95.68. The company’s 50-day moving average price is $80.48 and its two-hundred day moving average price is $76.71. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 0.42. The firm has a market cap of $52.68 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.46 and a beta of 1.34.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Friday, October 9th. The transportation company reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.05). Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. The company had revenue of $17.59 billion during the quarter, compared to analyst estimates of $17.64 billion. During the same period in the prior year, the business earned $1.71 EPS. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. Delta Air Lines has set its Q4 2026 guidance at 1.150-1.650 EPS and its FY 2026 guidance at 5.100-5.600 EPS. As a group, research analysts forecast that Delta Air Lines, Inc. will post 5.34 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.2150 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. Delta Air Lines’s payout ratio is presently 17.17%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Markowski Investments acquired a new stake in Delta Air Lines during the second quarter worth approximately $27,000. Timbuktu Capital Management LLC bought a new stake in shares of Delta Air Lines during the 2nd quarter valued at approximately $31,000. Elevation Wealth Partners LLC increased its holdings in shares of Delta Air Lines by 195.9% during the second quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company’s stock worth $34,000 after buying an additional 237 shares in the last quarter. Pension & Wealth Management Advisors Inc. acquired a new position in Delta Air Lines in the 3rd quarter worth about $44,000. Finally, Atlas Wealth LLC bought a new position in Delta Air Lines in the 1st quarter valued at approximately $35,000. Institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Benchmark reiterated a “buy” rating on shares of Delta Air Lines in a report on Wednesday, July 8th. TD Cowen cut their target price on shares of Delta Air Lines from $105.00 to $101.00 and set a “buy” rating on the stock in a research report on Friday, October 2nd. Susquehanna cut their target price on shares of Delta Air Lines from $100.00 to $95.00 and set a “positive” rating on the stock in a research report on Monday, October 12th. Argus set a $95.00 target price on shares of Delta Air Lines in a research note on Monday, October 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Delta Air Lines in a research report on Monday, October 19th. Twenty-two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $99.65.

Delta Air Lines Company Profile

Delta Air Lines, Inc is a major U.S. airline headquartered in Atlanta, Georgia. The company provides scheduled passenger air transportation to destinations across the United States and international markets, including Europe, Latin America, Asia, Canada, Africa and the Caribbean. Delta operates through a network of hubs and focus cities, offering service under the Delta brand and through regional partners operating as Delta Connection.

In addition to passenger flights, Delta provides air cargo transportation and related logistics services.