Insider Selling: Delta Air Lines (NYSE:DAL) EVP Sells $2,406,040.00 in Stock

Delta Air Lines, Inc. (NYSE:DAL) EVP Alain Bellemare sold 28,000 shares of the stock in a transaction on Friday, November 6th. The shares were sold at an average price of $85.93, for a total value of $2,406,040.00. Following the completion of the transaction, the executive vice president owned 80,025 shares in the company, valued at $6,876,548.25. The trade was a 25.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Delta Air Lines Trading Up 5.1%

Shares of NYSE DAL traded up $4.43 during midday trading on Monday, hitting $91.64. The stock had a trading volume of 6,870,008 shares, compared to its average volume of 8,447,141. The company’s 50-day simple moving average is $80.80 and its 200 day simple moving average is $77.12. The firm has a market cap of $60.29 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 1.56 and a beta of 1.43. Delta Air Lines, Inc. has a fifty-two week low of $55.27 and a fifty-two week high of $95.68. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.40 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Friday, October 9th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.05). The firm had revenue of $17.59 billion for the quarter, compared to analyst estimates of $17.64 billion. Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. The company’s revenue was up 21.1% compared to the same quarter last year. During the same period last year, the company earned $1.71 EPS. 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. Research analysts anticipate that Delta Air Lines, Inc. will post 5.34 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th were paid a $0.2150 dividend. This represents a $0.86 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, October 15th. Delta Air Lines’s dividend payout ratio (DPR) is 17.17%.

Institutional Inflows and Outflows

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 in the second quarter worth $27,000. Timbuktu Capital Management LLC bought a new position in shares of Delta Air Lines during the second quarter worth $31,000. Elevation Wealth Partners LLC grew its holdings in shares of Delta Air Lines by 195.9% in the 2nd quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company’s stock valued at $34,000 after buying an additional 237 shares during the period. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Delta Air Lines in the 3rd quarter valued at $44,000. Finally, Atlas Wealth LLC acquired a new position in shares of Delta Air Lines in the 1st quarter valued at $35,000. Institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DAL. Seaport Research Partners restated a “buy” rating and issued a $100.00 price objective on shares of Delta Air Lines in a report on Monday, October 12th. Citigroup increased their price target on Delta Air Lines from $106.00 to $110.00 and gave the company a “buy” rating in a research note on Sunday, July 12th. Raymond James Financial reissued an “outperform” rating and issued a $100.00 price target on shares of Delta Air Lines in a research note on Wednesday, October 7th. BMO Capital Markets raised their price target on Delta Air Lines from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, October 12th. Finally, Argus set a $95.00 price objective on Delta Air Lines in a research note on Monday, October 12th. Twenty-two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $99.65.

About Delta Air Lines

Delta Air Lines is a U.S.-based airline that provides passenger and cargo transportation. It serves domestic and international destinations through its own flights and relationships with partner airlines, with major hubs including Atlanta, Detroit, Minneapolis–Saint Paul, New York, and Salt Lake City.

The company offers multiple cabin and fare options, including Delta One, First Class, Delta Comfort+ and Main Cabin. Its other businesses and services include Delta Cargo, the SkyMiles loyalty program, and aircraft maintenance and repair services through Delta TechOps.

Delta traces its roots to Huff Daland Dusters, an aerial crop-dusting company established in 1925, and began carrying passengers in 1929.