Insider Selling: Delta Air Lines (NYSE:DAL) EVP Sells 40,460 Shares of Stock

Delta Air Lines, Inc. (NYSE:DAL) EVP Steven Sear sold 40,460 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $93.55, for a total value of $3,785,033.00. Following the completion of the transaction, the executive vice president owned 104,404 shares of the company’s stock, valued at $9,766,994.20. This trade represents a 27.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Delta Air Lines Trading Down 1.1%

Delta Air Lines stock traded down $1.04 during trading on Thursday, reaching $92.10. The company had a trading volume of 4,765,579 shares, compared to its average volume of 9,327,541. Delta Air Lines, Inc. has a 12-month low of $52.88 and a 12-month high of $95.68. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.35 and a current ratio of 0.42. The stock’s 50 day moving average price is $86.10 and its two-hundred day moving average price is $74.62. The firm has a market capitalization of $60.57 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.17 and a beta of 1.31.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 9th. The transportation company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.07. Delta Air Lines had a return on equity of 17.52% and a net margin of 5.79%.The business had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.43 billion. During the same period in the previous year, the company posted $2.10 EPS. The company’s revenue was up 18.7% compared to the same quarter last year. As a group, equities analysts expect that Delta Air Lines, Inc. will post 6.54 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 30th. Stockholders of record on Thursday, July 9th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 0.9%. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, July 9th. Delta Air Lines’s payout ratio is currently 14.26%.

Analyst Ratings Changes

Several research firms have recently commented on DAL. Seaport Research Partners increased their target price on Delta Air Lines from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. UBS Group lifted their price target on shares of Delta Air Lines from $107.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Argus set a $105.00 price target on shares of Delta Air Lines in a report on Tuesday, July 14th. Bank of America increased their price objective on shares of Delta Air Lines from $93.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Delta Air Lines in a research report on Monday. Twenty-three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Delta Air Lines has an average rating of “Moderate Buy” and an average target price of $100.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new stake in Delta Air Lines in the second quarter worth $1,182,646,000. Accel Wealth Management acquired a new position in shares of Delta Air Lines during the second quarter valued at $204,000. Tema ETFs LLC grew its position in shares of Delta Air Lines by 10.2% during the second quarter. Tema ETFs LLC now owns 12,545 shares of the transportation company’s stock worth $1,175,000 after acquiring an additional 1,160 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Delta Air Lines during the second quarter worth about $1,379,000. Finally, Arbor Wealth Advisors LLC acquired a new stake in shares of Delta Air Lines in the 2nd quarter worth about $234,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

More Delta Air Lines News

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: Falling crude oil prices could reduce Delta’s jet-fuel expenses, supporting profit margins and potentially strengthening travel demand if the decline persists. Oil Just Lost its Inflation Premium: Here’s Who Wins if Prices Stay Low
• Positive Sentiment: Zacks characterized DAL as both a strong momentum stock and a long-term value opportunity. The company’s recent operating performance, including quarterly revenue growth and an earnings beat, supports the bullish case, although the stock’s roughly 77% one-year gain may limit further upside from valuation expansion. Why Delta Air Lines Is a Strong Momentum Stock Why Delta Air Lines Is a Top Value Stock for the Long Term
• Positive Sentiment: A comparison of Delta with American Airlines favors Delta based on a key loyalty-program differentiator, reinforcing the view that SkyMiles and customer engagement could provide a competitive advantage. Better Airline Stock: Delta vs. American
• Neutral Sentiment: Analyst sentiment remains broadly favorable, with a consensus “Moderate Buy” rating and an average price target of $100.40. Delta also raised its quarterly dividend to $0.215 per share, but these developments appear largely reflected in the recent rally. Delta Air Lines analyst and company information
• Negative Sentiment: CEO Edward Bastian sold 206,510 shares for approximately $19.2 million, while President Peter Carter, EVP Alain Bellemare and Director David Dewalt also sold shares. Dewalt’s sale reduced his holdings by about 58.7%. Although the executives retain substantial ownership and sales may be for diversification or tax planning, the cluster of transactions can signal reduced insider conviction and add selling pressure. Delta CEO Sells $19.2 Million of Shares

Delta Air Lines Company Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.