Delta Air Lines, Inc. (NYSE:DAL) SVP William C. Carroll Sells 6,783 Shares

Delta Air Lines, Inc. (NYSE:DAL) SVP William C. Carroll sold 6,783 shares of Delta Air Lines stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction of $447,271.02. Following the sale, the senior vice president now owns 10,016 shares of the company’s stock, valued at $660,455.04. The trade was a 40.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Delta Air Lines Trading Down 1.7 %

NYSE DAL opened at $67.86 on Friday. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98. The company has a 50 day moving average price of $63.84 and a 200 day moving average price of $54.51. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The firm has a market cap of $43.79 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 0.78 and a beta of 1.36.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.76 by $0.09. The firm had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.28 EPS. As a group, sell-side analysts forecast that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.88%. Delta Air Lines’s dividend payout ratio is presently 11.26%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DAL. TD Cowen raised their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS Group reissued a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a research report on Tuesday, November 26th. Jefferies Financial Group lifted their price objective on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $78.22.

Institutional Investors Weigh In On Delta Air Lines

Large investors have recently modified their holdings of the business. Crossmark Global Holdings Inc. boosted its stake in Delta Air Lines by 5.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company’s stock worth $13,644,000 after purchasing an additional 13,802 shares in the last quarter. KBC Group NV raised its holdings in shares of Delta Air Lines by 143.7% in the third quarter. KBC Group NV now owns 56,611 shares of the transportation company’s stock worth $2,876,000 after buying an additional 33,378 shares during the last quarter. Olstein Capital Management L.P. lifted its stake in shares of Delta Air Lines by 32.6% during the third quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company’s stock worth $8,888,000 after buying an additional 43,000 shares during the period. Donoghue Forlines LLC purchased a new stake in shares of Delta Air Lines during the fourth quarter valued at $2,036,000. Finally, River Road Asset Management LLC increased its position in shares of Delta Air Lines by 22.8% in the 3rd quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company’s stock valued at $6,634,000 after acquiring an additional 24,249 shares during the period. 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.