Delta Air Lines, Inc. (NYSE:DAL) President Sells $4,905,000.00 in Stock

Delta Air Lines, Inc. (NYSE:DAL) President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the sale, the president now owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Delta Air Lines Stock Performance

Shares of NYSE:DAL traded up $0.22 during midday trading on Tuesday, hitting $49.24. The company’s stock had a trading volume of 10,666,233 shares, compared to its average volume of 10,868,651. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $49.81. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41. The stock has a market capitalization of $31.78 billion, a price-to-earnings ratio of 6.30, a PEG ratio of 0.71 and a beta of 1.43. The stock’s 50 day simple moving average is $44.33 and its 200 day simple moving average is $39.86.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. During the same quarter last year, the firm posted $0.25 EPS. The company’s revenue was up 7.8% on a year-over-year basis. As a group, research analysts anticipate that Delta Air Lines, Inc. will post 6.52 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.81%. The ex-dividend date was Friday, February 23rd. Delta Air Lines’s payout ratio is currently 5.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DAL shares. StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. UBS Group began coverage on shares of Delta Air Lines in a research report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price objective on the stock. Susquehanna boosted 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 report on Tuesday, April 9th. Bank of America raised their price target on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $85.00 price objective on shares of Delta Air Lines in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $58.29.

Institutional Trading of Delta Air Lines

Several hedge funds and other institutional investors have recently bought and sold shares of DAL. Silverlake Wealth Management LLC lifted its stake in shares of Delta Air Lines by 2.9% in the first quarter. Silverlake Wealth Management LLC now owns 8,145 shares of the transportation company’s stock valued at $390,000 after buying an additional 229 shares during the period. Balboa Wealth Partners lifted its position in shares of Delta Air Lines by 3.3% in the 4th quarter. Balboa Wealth Partners now owns 8,146 shares of the transportation company’s stock worth $328,000 after acquiring an additional 261 shares during the period. Wahed Invest LLC increased its position in shares of Delta Air Lines by 10.7% during the fourth quarter. Wahed Invest LLC now owns 2,748 shares of the transportation company’s stock valued at $111,000 after purchasing an additional 265 shares during the period. Navalign LLC raised its stake in shares of Delta Air Lines by 1.7% in the fourth quarter. Navalign LLC now owns 17,402 shares of the transportation company’s stock valued at $700,000 after purchasing an additional 293 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in shares of Delta Air Lines by 2.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 12,240 shares of the transportation company’s stock valued at $492,000 after purchasing an additional 304 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

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.