Rep. Jefferson Shreve Sells Off Shares of Delta Air Lines, Inc. (NYSE:DAL)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Delta Air Lines, Inc. (NYSE:DAL). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Delta Air Lines stock on March 13th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.

Delta Air Lines Stock Performance

DAL traded up $0.52 on Tuesday, reaching $40.82. The company had a trading volume of 10,447,668 shares, compared to its average volume of 9,294,844. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98. The stock has a market capitalization of $26.39 billion, a PE ratio of 7.66, a P/E/G ratio of 0.75 and a beta of 1.23. The stock has a 50-day moving average price of $51.26 and a 200-day moving average price of $57.54.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business had revenue of $12.98 billion for the quarter, compared to analysts’ expectations of $13.85 billion. During the same quarter last year, the business posted $0.45 earnings per share. The business’s revenue was down 5.6% on a year-over-year basis. As a group, research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s payout ratio is 10.64%.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the sale, the executive vice president now directly owns 52,789 shares of the company’s stock, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the sale, the chief executive officer now owns 439,819 shares in the company, valued at $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 162,886 shares of company stock valued at $11,116,463. Company insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Raymond James dropped their target price on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 2nd. The Goldman Sachs Group dropped their price objective on Delta Air Lines from $83.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Susquehanna decreased their target price on Delta Air Lines from $80.00 to $50.00 and set a “positive” rating on the stock in a research report on Monday, April 7th. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. Finally, Citigroup decreased their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Delta Air Lines presently has an average rating of “Moderate Buy” and a consensus price target of $61.06.

Institutional Investors Weigh In On Delta Air Lines

Hedge funds have recently made changes to their positions in the business. Focus Financial Network Inc. boosted its position in Delta Air Lines by 1.5% during the 1st quarter. Focus Financial Network Inc. now owns 77,972 shares of the transportation company’s stock worth $3,400,000 after acquiring an additional 1,163 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Delta Air Lines by 746.1% in the first quarter. Assenagon Asset Management S.A. now owns 241,538 shares of the transportation company’s stock worth $10,531,000 after purchasing an additional 212,990 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Delta Air Lines in the 1st quarter valued at about $2,501,000. GAMMA Investing LLC increased its stake in Delta Air Lines by 3.7% during the 1st quarter. GAMMA Investing LLC now owns 9,585 shares of the transportation company’s stock valued at $418,000 after buying an additional 344 shares during the period. Finally, Olstein Capital Management L.P. raised its position in shares of Delta Air Lines by 41.9% during the 1st quarter. Olstein Capital Management L.P. now owns 176,000 shares of the transportation company’s stock worth $7,674,000 after buying an additional 52,000 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.