Delta Air Lines, Inc. (NYSE:DAL) EVP Sells $2,467,312.47 in Stock

Delta Air Lines, Inc. (NYSE:DAL) EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the transaction, the executive vice president now owns 52,789 shares of the company’s stock, valued at $3,425,478.21. The trade was a 41.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Delta Air Lines Stock Up 2.5 %

DAL stock traded up $1.60 during mid-day trading on Wednesday, hitting $66.35. 7,638,685 shares of the company were exchanged, compared to its average volume of 8,140,365. The firm has a market cap of $42.81 billion, a P/E ratio of 12.45, a P/E/G ratio of 0.80 and a beta of 1.36. Delta Air Lines, Inc. has a 1-year low of $37.29 and a 1-year high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The firm’s 50 day simple moving average is $64.11 and its 200 day simple moving average is $55.24.

Delta Air Lines (NYSE:DAL) last released its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The business had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. Delta Air Lines’s revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. Delta Air Lines’s dividend payout ratio (DPR) is currently 11.26%.

Institutional Trading of Delta Air Lines

A number of institutional investors have recently bought and sold shares of the business. New Wave Wealth Advisors LLC bought a new position in Delta Air Lines during the 4th quarter worth $27,000. Roxbury Financial LLC bought a new position in shares of Delta Air Lines during the fourth quarter worth about $29,000. Hemington Wealth Management lifted its stake in shares of Delta Air Lines by 48.1% in the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after acquiring an additional 154 shares during the period. Crews Bank & Trust bought a new stake in Delta Air Lines in the fourth quarter valued at approximately $30,000. Finally, Modus Advisors LLC acquired a new stake in Delta Air Lines during the 4th quarter valued at approximately $33,000. Institutional investors own 69.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Susquehanna boosted their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Jefferies Financial Group lifted their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 11th. UBS Group reissued a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. Barclays lifted their price objective on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $78.22.

About Delta Air Lines

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.