Delta Air Lines, Inc. (NYSE:DAL) EVP Alain Bellemare Sells 19,490 Shares

Delta Air Lines, Inc. (NYSE:DAL) EVP Alain Bellemare sold 19,490 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $55.26, for a total transaction of $1,077,017.40. Following the completion of the sale, the executive vice president now directly owns 121,961 shares of the company’s stock, valued at $6,739,564.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Delta Air Lines Stock Up 1.0 %

Delta Air Lines stock traded up $0.54 during mid-day trading on Friday, reaching $55.80. The company’s stock had a trading volume of 8,127,757 shares, compared to its average volume of 9,526,455. The company has a market capitalization of $36.01 billion, a price-to-earnings ratio of 8.03, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35. Delta Air Lines, Inc. has a 12 month low of $30.60 and a 12 month high of $56.48. The business’s 50 day simple moving average is $45.48 and its 200 day simple moving average is $47.09. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.35 and a current ratio of 0.40.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The business had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the business posted $2.03 EPS. As a group, research analysts anticipate that Delta Air Lines, Inc. will post 6.17 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, October 10th. Delta Air Lines’s dividend payout ratio is currently 8.63%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Bank of America upped their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Barclays upped their target price on shares of Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. TD Cowen lowered their price objective on shares of Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. JPMorgan Chase & Co. increased their price objective on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Finally, Jefferies Financial Group increased their price objective on shares of Delta Air Lines from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and a consensus price target of $65.40.

Institutional Trading of Delta Air Lines

Large investors have recently added to or reduced their stakes in the company. Senator Investment Group LP lifted its stake in Delta Air Lines by 90.0% in the second quarter. Senator Investment Group LP now owns 475,000 shares of the transportation company’s stock valued at $22,534,000 after acquiring an additional 225,000 shares during the last quarter. First Hawaiian Bank acquired a new stake in shares of Delta Air Lines during the 1st quarter worth about $749,000. Maryland State Retirement & Pension System lifted its stake in shares of Delta Air Lines by 2.8% during the 1st quarter. Maryland State Retirement & Pension System now owns 50,358 shares of the transportation company’s stock worth $2,384,000 after buying an additional 1,362 shares during the last quarter. RFG Advisory LLC acquired a new stake in shares of Delta Air Lines during the 1st quarter worth about $1,108,000. Finally, Norden Group LLC lifted its stake in shares of Delta Air Lines by 714.1% during the 1st quarter. Norden Group LLC now owns 112,048 shares of the transportation company’s stock worth $5,364,000 after buying an additional 98,285 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

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.