Glen W. Hauenstein Sells 100,000 Shares of Delta Air Lines, Inc. (NYSE:DAL) Stock

Delta Air Lines, Inc. (NYSE:DAL) President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $49.05, for a total value of $4,905,000.00. Following the sale, the president now owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Delta Air Lines Stock Down 2.6 %

DAL opened at $47.94 on Thursday. The business has a 50 day moving average price of $44.65 and a 200 day moving average price of $40.01. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $49.81. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41. The firm has a market cap of $30.94 billion, a P/E ratio of 6.16, a price-to-earnings-growth ratio of 0.73 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS. Research analysts forecast that Delta Air Lines, Inc. will post 6.52 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s dividend payout ratio is currently 5.14%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. increased its position in shares of Delta Air Lines by 9.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 241,891 shares of the transportation company’s stock valued at $11,579,000 after purchasing an additional 21,851 shares during the period. Verity & Verity LLC bought a new stake in shares of Delta Air Lines during the first quarter valued at approximately $135,000. Conscious Wealth Investments LLC increased its position in shares of Delta Air Lines by 3.3% during the first quarter. Conscious Wealth Investments LLC now owns 80,285 shares of the transportation company’s stock valued at $3,737,000 after purchasing an additional 2,537 shares during the period. Smith Anglin Financial LLC increased its position in shares of Delta Air Lines by 1.9% during the first quarter. Smith Anglin Financial LLC now owns 35,074 shares of the transportation company’s stock valued at $1,679,000 after purchasing an additional 650 shares during the period. Finally, Simplicity Wealth LLC bought a new stake in shares of Delta Air Lines during the first quarter valued at approximately $467,000. 69.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DAL. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. UBS Group began coverage on Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target for the company. Susquehanna lifted their price target on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft lifted their price target on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $58.29.

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.