Delta Air Lines, Inc. (NYSE:DAL) EVP Rahul D. Samant Sells 38,023 Shares

Delta Air Lines, Inc. (NYSE:DAL) EVP Rahul D. Samant sold 38,023 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total value of $2,467,312.47. Following the sale, the executive vice president now owns 52,789 shares of the company’s stock, valued at approximately $3,425,478.21. The trade was a 41.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Delta Air Lines Price Performance

Delta Air Lines stock traded up $1.60 during midday trading on Wednesday, reaching $66.35. 7,638,685 shares of the stock traded hands, compared to its average volume of 8,140,365. The stock’s fifty day moving average is $64.11 and its 200-day moving average is $55.24. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98. 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 stock has a market cap of $42.81 billion, a P/E ratio of 12.45, a PEG ratio of 0.80 and a beta of 1.36.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. Delta Air Lines’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 earnings per share. As a group, equities research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Institutional Trading of Delta Air Lines

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC increased its stake in Delta Air Lines by 87.5% during the 3rd quarter. CWM LLC now owns 34,919 shares of the transportation company’s stock worth $1,774,000 after buying an additional 16,294 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Delta Air Lines by 14.9% in the 3rd quarter. Inspire Investing LLC now owns 18,150 shares of the transportation company’s stock valued at $922,000 after buying an additional 2,352 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Delta Air Lines in the third quarter valued at approximately $341,000. Koshinski Asset Management Inc. acquired a new position in Delta Air Lines during the 3rd quarter worth $215,000. Finally, Sound Income Strategies LLC raised its holdings in Delta Air Lines by 51.0% in the third quarter. Sound Income Strategies LLC now owns 1,697 shares of the transportation company’s stock valued at $86,000 after acquiring an additional 573 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DAL. The Goldman Sachs Group reissued a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a research note on Friday, November 15th. StockNews.com cut shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. UBS Group reissued a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Susquehanna lifted their price objective on Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Finally, Citigroup boosted their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $78.22.

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.