Rep. Jefferson Shreve Sells Off Shares of Delta Air Lines, Inc. (NYSE:DAL)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Delta Air Lines, Inc. (NYSE:DAL). In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Delta Air Lines stock on May 12th.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Hubbell (NYSE:HUBB) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Trane Technologies (NYSE:TT) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of NiSource (NYSE:NI) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Johnson & Johnson (NYSE:JNJ) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of AppLovin (NASDAQ:APP) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of Fiserv (NYSE:FI) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of CNO Financial Group (NYSE:CNO) on 5/12/2025.
• Sold $50,001 – $100,000 in shares of Cboe Global Markets (NASDAQ:CBOE) on 5/12/2025.
• Sold $15,001 – $50,000 in shares of Lam Research (NASDAQ:LRCX) on 5/12/2025.

Delta Air Lines Price Performance

Shares of DAL stock opened at $51.15 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33. The company has a market capitalization of $33.40 billion, a P/E ratio of 7.41, a P/E/G ratio of 1.66 and a beta of 1.56. The company’s 50-day simple moving average is $51.29 and its two-hundred day simple moving average is $52.04. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 10th. The transportation company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.09. The business had revenue of $15,507,000 billion for the quarter, compared to the consensus estimate of $16.16 billion. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.36 EPS. As a group, equities analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st will be paid a $0.1875 dividend. The ex-dividend date is Thursday, July 31st. This represents a $0.75 dividend on an annualized basis and a yield of 1.5%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.15. Delta Air Lines’s payout ratio is currently 10.87%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Raymond James Financial upped their target price on shares of Delta Air Lines from $60.00 to $68.00 in a research note on Friday, July 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Delta Air Lines from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Jefferies Financial Group increased their price objective on shares of Delta Air Lines from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, July 14th. Wolfe Research increased their price objective on shares of Delta Air Lines from $56.00 to $63.00 in a research note on Monday, July 14th. Finally, The Goldman Sachs Group increased their price objective on shares of Delta Air Lines from $60.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.21.

Institutional Investors Weigh In On Delta Air Lines

A number of hedge funds and other institutional investors have recently bought and sold shares of DAL. Kingstone Capital Partners Texas LLC purchased a new stake in Delta Air Lines during the second quarter valued at approximately $386,364,000. Boston Partners purchased a new position in shares of Delta Air Lines in the fourth quarter worth $328,398,000. Pacer Advisors Inc. raised its holdings in shares of Delta Air Lines by 5,224.6% in the first quarter. Pacer Advisors Inc. now owns 4,336,709 shares of the transportation company’s stock worth $189,081,000 after buying an additional 4,255,262 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Delta Air Lines by 149.9% in the first quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company’s stock worth $246,487,000 after buying an additional 3,577,489 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Delta Air Lines by 347.4% in the first quarter. Ameriprise Financial Inc. now owns 4,232,974 shares of the transportation company’s stock worth $184,909,000 after buying an additional 3,286,741 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 45,423 shares of the firm’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $55.56, for a total value of $2,523,701.88. Following the completion of the transaction, the executive vice president owned 131,731 shares of the company’s stock, valued at approximately $7,318,974.36. This trade represents a 25.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Steven M. Sear sold 18,000 shares of the firm’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $55.96, for a total transaction of $1,007,280.00. Following the completion of the transaction, the executive vice president directly owned 97,505 shares of the company’s stock, valued at approximately $5,456,379.80. This represents a 15.58% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 133,973 shares of company stock worth $7,511,746. Corporate insiders own 0.88% of the company’s stock.

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.

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.