Delta Air Lines (NYSE:DAL) SVP William Carroll Sells 14,010 Shares

Delta Air Lines, Inc. (NYSE:DAL) SVP William Carroll sold 14,010 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the sale, the senior vice president owned 15,816 shares of the company’s stock, valued at approximately $968,730. The trade was a 46.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Delta Air Lines Price Performance

Shares of NYSE:DAL opened at $59.70 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68. The company has a market cap of $38.98 billion, a P/E ratio of 8.41, a PEG ratio of 1.38 and a beta of 1.50. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $69.98. The company has a 50-day moving average price of $59.35 and a 200 day moving average price of $52.07.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The company had revenue of $8.40 billion during the quarter. Research analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, October 16th. Delta Air Lines’s dividend payout ratio (DPR) is 10.56%.

Analysts Set New Price Targets

Several analysts have commented on DAL shares. TD Cowen lifted their target price on shares of Delta Air Lines from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Seaport Global Securities lifted their target price on shares of Delta Air Lines from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. lifted their target price on shares of Delta Air Lines from $72.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Barclays lifted their price target on shares of Delta Air Lines from $58.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Finally, Susquehanna Bancshares lifted their price target on shares of Delta Air Lines from $51.00 to $65.00 and gave the company a “positive” rating in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating and twenty have given a Buy rating to the company. Based on data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $71.53.

Hedge Funds Weigh In On Delta Air Lines

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signature Resources Capital Management LLC acquired a new position in shares of Delta Air Lines during the 2nd quarter valued at $25,000. NewSquare Capital LLC lifted its holdings in shares of Delta Air Lines by 184.6% during the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 371 shares in the last quarter. Activest Wealth Management lifted its holdings in shares of Delta Air Lines by 2,280.8% during the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 593 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of Delta Air Lines during the 1st quarter valued at $31,000. Finally, Kilter Group LLC acquired a new position in shares of Delta Air Lines during the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

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.