Delta Air Lines (NYSE:DAL) EVP Sells $2,036,000.00 in Stock

Delta Air Lines, Inc. (NYSE:DAL) EVP Alain Bellemare sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $81.44, for a total value of $2,036,000.00. Following the completion of the sale, the executive vice president directly owned 95,025 shares of the company’s stock, valued at approximately $7,738,836. The trade was a 20.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Alain Bellemare also recently made the following trade(s):

• On Thursday, May 7th, Alain Bellemare sold 20,621 shares of Delta Air Lines stock. The shares were sold at an average price of $72.75, for a total value of $1,500,177.75.

Delta Air Lines Trading Up 0.0%

NYSE DAL opened at $82.49 on Friday. The company has a market cap of $54.20 billion, a PE ratio of 12.03, a PEG ratio of 1.19 and a beta of 1.25. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. Delta Air Lines, Inc. has a 12 month low of $45.28 and a 12 month high of $83.83. The stock has a 50 day moving average of $70.15 and a 200-day moving average of $67.99.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 5.37 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.75 annualized dividend and a yield of 0.9%. Delta Air Lines’s dividend payout ratio (DPR) is currently 10.93%.

More Delta Air Lines News

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

• Positive Sentiment: TD Cowen raised its price target on Delta Air Lines from $84 to $92 and reiterated a buy rating, reinforcing expectations for further upside in the shares. TD Cowen price target update
• Positive Sentiment: Airline stocks are benefiting from strong travel demand and a more favorable fuel-cost backdrop as oil prices have eased from recent highs, which can help Delta’s margins. Air travel demand and airfare article
• Positive Sentiment: Recent market coverage highlighted that Delta shares have been supported by analyst upgrades and higher price targets, reflecting improving confidence in the company’s earnings outlook. Delta stock is up article
• Neutral Sentiment: Delta’s CEO defended the carrier’s choice of Amazon’s in-flight Wi-Fi service over SpaceX Starlink, a strategic decision that may matter competitively but is not an immediate financial catalyst. Delta Wi-Fi strategy article
• Negative Sentiment: Two recent insider sales by Delta executives, including EVP Allison Ausband and EVP Alain Bellemare, may modestly pressure sentiment even though insider selling is not always a fundamental red flag. Ausband SEC filing Bellemare SEC filing

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DAL. Wellington Management Group LLP increased its position in shares of Delta Air Lines by 137.4% in the fourth quarter. Wellington Management Group LLP now owns 13,811,787 shares of the transportation company’s stock worth $958,538,000 after purchasing an additional 7,994,004 shares during the period. Life Cycle Investment Partners Ltd bought a new position in shares of Delta Air Lines in the fourth quarter worth $471,532,000. Bank of New York Mellon Corp increased its position in shares of Delta Air Lines by 29.2% in the first quarter. Bank of New York Mellon Corp now owns 12,270,241 shares of the transportation company’s stock worth $815,726,000 after purchasing an additional 2,773,945 shares during the period. Pacer Advisors Inc. increased its position in shares of Delta Air Lines by 1,579.2% in the fourth quarter. Pacer Advisors Inc. now owns 2,673,400 shares of the transportation company’s stock worth $185,534,000 after purchasing an additional 2,514,193 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Delta Air Lines by 44.3% in the fourth quarter. AQR Capital Management LLC now owns 6,155,776 shares of the transportation company’s stock worth $426,441,000 after purchasing an additional 1,890,521 shares during the period. Institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Citigroup raised their price target on Delta Air Lines from $77.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Susquehanna cut their price target on Delta Air Lines from $81.00 to $78.00 and set a “positive” rating for the company in a report on Thursday, April 9th. Rothschild & Co Redburn cut their price target on Delta Air Lines from $72.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, March 5th. BNP Paribas Exane cut their price target on Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. Finally, Argus raised their price target on Delta Air Lines from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.

About Delta Air Lines

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.