Insider Selling: Delta Air Lines (NYSE:DAL) EVP Sells $2,406,040.00 in Stock

Delta Air Lines, Inc. (NYSE:DAL) EVP Alain Bellemare sold 28,000 shares of the company’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $85.93, for a total transaction of $2,406,040.00. Following the completion of the transaction, the executive vice president owned 80,025 shares of the company’s stock, valued at approximately $6,876,548.25. The trade was a 25.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Delta Air Lines Stock Performance

NYSE DAL opened at $91.32 on Thursday. The company has a market capitalization of $60.08 billion, a PE ratio of 18.23, a P/E/G ratio of 1.35 and a beta of 1.43. Delta Air Lines, Inc. has a 1 year low of $55.27 and a 1 year high of $95.68. The company has a fifty day moving average of $81.61 and a two-hundred day moving average of $77.46. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.40 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Friday, October 9th. The transportation company reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.05). The firm had revenue of $17.59 billion during the quarter, compared to analyst estimates of $17.64 billion. Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. Delta Air Lines’s revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.71 earnings per share. Delta Air Lines has set its Q4 2026 guidance at 1.150-1.650 EPS and its FY 2026 guidance at 5.100-5.600 EPS. As a group, analysts expect that Delta Air Lines, Inc. will post 5.33 earnings per share for the current year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 5th. Investors of record on Thursday, October 15th were given a $0.2150 dividend. The ex-dividend date was Thursday, October 15th. This represents a $0.86 annualized dividend and a yield of 0.9%. Delta Air Lines’s dividend payout ratio is 17.17%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DAL. TD Cowen decreased their price target on shares of Delta Air Lines from $105.00 to $101.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. BMO Capital Markets lifted their price objective on shares of Delta Air Lines from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, October 12th. Sanford C. Bernstein reduced their target price on shares of Delta Air Lines from $106.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, October 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Delta Air Lines in a report on Monday, October 19th. Finally, UBS Group decreased their target price on shares of Delta Air Lines from $105.00 to $102.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Twenty-two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Delta Air Lines currently has an average rating of “Moderate Buy” and an average price target of $99.65.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DAL. Advisors Asset Management Inc. acquired a new stake in shares of Delta Air Lines in the 3rd quarter valued at approximately $594,000. Edmond DE Rothschild Holding S.A. grew its holdings in Delta Air Lines by 604.8% during the third quarter. Edmond DE Rothschild Holding S.A. now owns 9,473 shares of the transportation company’s stock worth $791,000 after acquiring an additional 8,129 shares during the period. Private Wealth Asset Management LLC grew its holdings in Delta Air Lines by 41,835.9% during the third quarter. Private Wealth Asset Management LLC now owns 16,355 shares of the transportation company’s stock worth $1,426,000 after acquiring an additional 16,316 shares during the period. Private Advisor Group LLC grew its holdings in Delta Air Lines by 27.4% during the third quarter. Private Advisor Group LLC now owns 62,365 shares of the transportation company’s stock worth $5,205,000 after acquiring an additional 13,415 shares during the period. Finally, Focus Advisor Solutions LLC raised its position in Delta Air Lines by 75.9% in the third quarter. Focus Advisor Solutions LLC now owns 69,920 shares of the transportation company’s stock worth $5,836,000 after acquiring an additional 30,164 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

About Delta Air Lines

Delta Air Lines is a U.S.-based airline that provides passenger and cargo transportation. It serves domestic and international destinations through its own flights and relationships with partner airlines, with major hubs including Atlanta, Detroit, Minneapolis–Saint Paul, New York, and Salt Lake City. The company offers multiple cabin and fare options, including Delta One, First Class, Delta Comfort+ and Main Cabin. Its other businesses and services include Delta Cargo, the SkyMiles loyalty program, and aircraft maintenance and repair services through Delta TechOps.