Alain Bellemare Sells 24,073 Shares of Delta Air Lines, Inc. (NYSE:DAL) Stock

Delta Air Lines, Inc. (NYSE:DAL) EVP Alain Bellemare sold 24,073 shares of the 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 transaction, the executive vice president now owns 141,451 shares of the company’s stock, valued at $6,911,295.86. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Delta Air Lines Price Performance

Shares of NYSE DAL opened at $49.90 on Friday. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $50.24. The firm’s 50-day simple moving average is $45.03 and its 200 day simple moving average is $40.18. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The stock has a market cap of $32.20 billion, a P/E ratio of 6.41, a P/E/G ratio of 0.71 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The business had revenue of $13.75 billion for the quarter, compared to analysts’ expectations of $12.51 billion. During the same period in the previous year, the business earned $0.25 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Equities analysts expect that Delta Air Lines, Inc. will post 6.52 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.80%. Delta Air Lines’s dividend payout ratio is currently 5.14%.

Wall Street Analyst Weigh In

DAL has been the subject of a number of research reports. UBS Group initiated coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price objective for the company. Susquehanna lifted their price objective on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. Finally, StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $58.29.

Institutional Investors Weigh In On Delta Air Lines

Hedge funds and other institutional investors have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. raised its position in Delta Air Lines by 495.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock worth $25,000 after acquiring an additional 570 shares in the last quarter. MeadowBrook Investment Advisors LLC bought a new stake in Delta Air Lines in the fourth quarter worth about $27,000. Venturi Wealth Management LLC raised its position in Delta Air Lines by 396.6% in the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after acquiring an additional 575 shares in the last quarter. Moisand Fitzgerald Tamayo LLC raised its position in Delta Air Lines by 55.2% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock worth $32,000 after acquiring an additional 311 shares in the last quarter. Finally, Manchester Capital Management LLC raised its position in Delta Air Lines by 26,166.7% in the fourth quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after acquiring an additional 785 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

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.