Insider Selling: Delta Air Lines, Inc. (NYSE:DAL) EVP Sells 38,023 Shares of Stock

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

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $66.35 on Thursday. The company’s 50 day moving average price is $64.11 and its two-hundred day moving average price is $55.24. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. Delta Air Lines, Inc. has a fifty-two week low of $37.29 and a fifty-two week high of $69.98.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating 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 company had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. During the same quarter last year, the business posted $1.28 EPS. Delta Air Lines’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. New Wave Wealth Advisors LLC acquired a new position in Delta Air Lines in the 4th quarter valued at approximately $27,000. Hemington Wealth Management grew 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 purchasing an additional 154 shares during the last quarter. Roxbury Financial LLC acquired a new stake in Delta Air Lines in the fourth quarter valued at $29,000. Crews Bank & Trust bought a new position in Delta Air Lines during the 4th quarter worth $30,000. Finally, Ashton Thomas Securities LLC acquired a new position in Delta Air Lines during the 3rd quarter worth about $31,000. Institutional investors own 69.93% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. UBS Group restated a “buy” rating and set a $88.00 price objective on shares of Delta Air Lines in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft boosted their price target on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Citigroup increased their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Jefferies Financial Group boosted their target price 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. Finally, Susquehanna increased their price target 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. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price 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.