Delta Air Lines, Inc. (NYSE:DAL) EVP Peter W. Carter Sells 50,000 Shares

Delta Air Lines, Inc. (NYSE:DAL) EVP Peter W. Carter sold 50,000 shares of Delta Air Lines stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $50.00, for a total value of $2,500,000.00. Following the transaction, the executive vice president now directly owns 143,328 shares in the company, valued at approximately $7,166,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Delta Air Lines Price Performance

DAL stock traded down $0.36 on Tuesday, reaching $50.09. 11,060,959 shares of the company’s stock were exchanged, compared to its average volume of 10,872,689. The stock has a fifty day moving average of $45.23 and a 200-day moving average of $40.34. The firm has a market cap of $32.32 billion, a PE ratio of 6.49, a P/E/G ratio of 0.75 and a beta of 1.43. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $50.74.

Delta Air Lines (NYSE:DAL) last issued its 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. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. During the same period in the previous year, the firm earned $0.25 EPS. The business’s revenue was up 7.8% on a year-over-year basis. As a group, equities analysts predict that Delta Air Lines, Inc. will post 6.52 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, May 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.80%. Delta Air Lines’s payout ratio is 5.14%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Susquehanna increased their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research note on Tuesday, April 9th. TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. Bank of America increased their price objective on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note 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.com, Delta Air Lines has a consensus rating of “Buy” and a consensus target price of $58.29.

Institutional Investors Weigh In On Delta Air Lines

A number of institutional investors and hedge funds have recently modified their holdings of the company. Perigon Wealth Management LLC raised its holdings in Delta Air Lines by 10.4% during the third quarter. Perigon Wealth Management LLC now owns 10,329 shares of the transportation company’s stock worth $382,000 after purchasing an additional 969 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Delta Air Lines by 132.3% during the 4th quarter. International Assets Investment Management LLC now owns 466,741 shares of the transportation company’s stock worth $18,777,000 after buying an additional 265,852 shares during the last quarter. Capital Advisors Inc. OK purchased a new stake in shares of Delta Air Lines in the 4th quarter worth about $4,241,000. Meeder Asset Management Inc. grew its stake in Delta Air Lines by 325.5% in the 4th quarter. Meeder Asset Management Inc. now owns 77,647 shares of the transportation company’s stock valued at $3,124,000 after acquiring an additional 59,398 shares during the last quarter. Finally, U S Global Investors Inc. raised its holdings in shares of Delta Air Lines by 21.1% in the fourth quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company’s stock worth $178,400,000 after acquiring an additional 773,636 shares during the last quarter. 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.