Delta Air Lines, Inc. (NYSE:DAL) EVP Sells $1,176,206.78 in Stock

Delta Air Lines, Inc. (NYSE:DAL) EVP Alain Bellemare sold 24,073 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total value of $1,176,206.78. Following the completion of the transaction, the executive vice president now directly owns 141,451 shares in the company, valued at $6,911,295.86. The transaction was disclosed in a filing with the SEC, which is available at this link.

Delta Air Lines Price Performance

Shares of Delta Air Lines stock opened at $47.94 on Thursday. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $49.81. The stock’s fifty day moving average is $44.65 and its 200 day moving average is $40.01. The stock has a market cap of $30.94 billion, a P/E ratio of 6.16, a P/E/G ratio of 0.73 and a beta of 1.43. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The company had revenue of $13.75 billion for the quarter, compared to analysts’ expectations of $12.51 billion. During the same period last year, the firm earned $0.25 EPS. Delta Air Lines’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.52 earnings per share 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 paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.83%. Delta Air Lines’s payout ratio is presently 5.14%.

Analyst Ratings Changes

Several research firms recently issued reports on DAL. TheStreet raised Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. Morgan Stanley reaffirmed an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a research report on Thursday, April 11th. StockNews.com cut Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Susquehanna increased 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. Finally, Bank of America increased their price target on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, April 11th. One 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $58.29.

Institutional Investors Weigh In On Delta Air Lines

A number of institutional investors have recently bought and sold shares of DAL. Wellington Management Group LLP increased its stake in Delta Air Lines by 220.2% in the 4th quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock worth $346,008,000 after buying an additional 5,914,301 shares in the last quarter. Capital International Investors increased its stake in Delta Air Lines by 8.8% in the 4th quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock worth $842,283,000 after buying an additional 1,689,053 shares in the last quarter. Norges Bank purchased a new stake in Delta Air Lines in the 4th quarter worth $65,056,000. Jennison Associates LLC increased its stake in Delta Air Lines by 145.2% in the 4th quarter. Jennison Associates LLC now owns 2,618,627 shares of the transportation company’s stock worth $105,347,000 after buying an additional 1,550,770 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its position in shares of Delta Air Lines by 27.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock valued at $260,198,000 after purchasing an additional 1,376,221 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

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.