Insider Selling: Delta Air Lines, Inc. (NYSE:DAL) SVP Sells $1,305,148.60 in Stock

Delta Air Lines, Inc. (NYSE:DAL) SVP William C. Carroll sold 21,530 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $60.62, for a total value of $1,305,148.60. Following the transaction, the senior vice president now owns 19,756 shares in the company, valued at $1,197,608.72. This represents a 52.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Delta Air Lines Trading Up 0.6 %

Shares of DAL opened at $64.84 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The firm has a 50-day moving average price of $52.17 and a 200 day moving average price of $48.51. Delta Air Lines, Inc. has a 12-month low of $35.28 and a 12-month high of $66.25. The firm has a market capitalization of $41.84 billion, a P/E ratio of 9.01, a P/E/G ratio of 1.22 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The business had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.65 billion. During the same quarter in the prior year, the firm earned $2.03 EPS. Delta Air Lines’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts forecast that Delta Air Lines, Inc. will post 6.07 EPS for the current year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Thursday, October 10th. Delta Air Lines’s dividend payout ratio (DPR) is 8.33%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Sanford C. Bernstein increased their target price on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Bank of America increased their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. Jefferies Financial Group boosted their target price on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday. TD Cowen lifted their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Susquehanna increased their target price on Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Delta Air Lines has a consensus rating of “Buy” and a consensus price target of $70.23.

Hedge Funds Weigh In On Delta Air Lines

Several hedge funds have recently bought and sold shares of DAL. Pzena Investment Management LLC purchased a new stake in Delta Air Lines during the third quarter worth about $281,206,000. Castle Hook Partners LP acquired a new stake in Delta Air Lines during the 3rd quarter worth approximately $189,296,000. Jupiter Asset Management Ltd. purchased a new position in Delta Air Lines in the 2nd quarter valued at approximately $60,217,000. Dimensional Fund Advisors LP grew its stake in shares of Delta Air Lines by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock worth $471,330,000 after acquiring an additional 1,105,674 shares in the last quarter. Finally, Sanders Capital LLC increased its position in shares of Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after acquiring an additional 749,099 shares during the period. 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.