Delta Air Lines, Inc. (NYSE:DAL) SVP Sells $554,568.00 in Stock

Delta Air Lines, Inc. (NYSE:DAL) SVP William C. Carroll sold 8,400 shares of Delta Air Lines stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $66.02, for a total transaction of $554,568.00. Following the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Delta Air Lines Stock Down 0.5 %

Shares of NYSE DAL opened at $67.41 on Friday. The firm has a market cap of $43.50 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 0.80 and a beta of 1.35. The company’s 50-day simple moving average is $63.06 and its 200-day simple moving average is $52.94. 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 52-week low of $37.29 and a 52-week high of $69.98.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data 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 company had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same period in the previous year, the firm posted $1.28 EPS. Delta Air Lines’s revenue was up 9.4% compared to the same quarter last year. Equities analysts predict that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DAL shares. The Goldman Sachs Group restated a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a research report on Friday, November 15th. Susquehanna raised their target price on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lifted their price target on Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Barclays upped their price objective on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, UBS Group reaffirmed a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $78.22.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DAL. Pzena Investment Management LLC purchased a new stake in shares of Delta Air Lines during the third quarter worth $281,206,000. Castle Hook Partners LP acquired a new position in Delta Air Lines during the third quarter worth about $189,296,000. Sanders Capital LLC raised its holdings in Delta Air Lines by 2.8% in the 3rd quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after acquiring an additional 749,099 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Delta Air Lines by 419.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company’s stock worth $28,551,000 after purchasing an additional 453,926 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Delta Air Lines by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after purchasing an additional 416,338 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

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.