Delta Air Lines (NYSE:DAL) Shares Unloaded Rep. Jefferson Shreve

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 Trading Down 1.4 %

Shares of DAL stock opened at $40.29 on Tuesday. 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 company has a market capitalization of $26.05 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 0.75 and a beta of 1.23. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. The company has a 50-day simple moving average of $51.80 and a two-hundred day simple moving average of $57.66.

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

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Thursday, February 27th. Delta Air Lines’s payout ratio is currently 10.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DAL shares. TD Cowen lifted their target price on Delta Air Lines from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, April 10th. The Goldman Sachs Group decreased their price objective on shares of Delta Air Lines from $83.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. Barclays dropped their price objective on Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Susquehanna decreased their target price on Delta Air Lines from $80.00 to $50.00 and set a “positive” rating for the company in a research report on Monday, April 7th. Finally, StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $61.06.

Insiders Place Their Bets

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,304,291.12. The trade was a 29.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rahul D. Samant sold 38,023 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 52,789 shares in the company, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock worth $11,116,463 in the last ninety days. 0.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Delta Air Lines

A number of large investors have recently modified their holdings of the company. Boston Partners purchased a new stake in Delta Air Lines in the 4th quarter worth approximately $328,398,000. Norges Bank bought a new position in shares of Delta Air Lines in the fourth quarter worth $152,342,000. Adage Capital Partners GP L.L.C. raised its position in shares of Delta Air Lines by 405.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 3,054,285 shares of the transportation company’s stock worth $184,784,000 after buying an additional 2,449,874 shares in the last quarter. FMR LLC boosted its stake in Delta Air Lines by 29.3% during the fourth quarter. FMR LLC now owns 9,955,818 shares of the transportation company’s stock valued at $602,327,000 after buying an additional 2,254,560 shares during the period. Finally, Sanders Capital LLC grew its position in Delta Air Lines by 6.9% during the fourth quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company’s stock worth $1,800,754,000 after buying an additional 1,922,932 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

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.

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.