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

Delta Air Lines, Inc. (NYSE:DAL) EVP Alain Bellemare sold 24,073 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $48.86, for a total transaction of $1,176,206.78. Following the completion of the sale, the executive vice president now owns 141,451 shares of the company’s stock, valued at $6,911,295.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Delta Air Lines Trading Down 2.6 %

NYSE:DAL traded down $1.29 on Wednesday, hitting $47.94. The stock had a trading volume of 10,324,701 shares, compared to its average volume of 10,867,252. 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 $30.94 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 0.73 and a beta of 1.43. The company has a fifty day moving average price of $44.51 and a two-hundred day moving average price of $39.95. Delta Air Lines, Inc. has a 1-year low of $30.60 and a 1-year high of $49.81.

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

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 26th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. Delta Air Lines’s payout ratio is 5.14%.

Wall Street Analyst Weigh In

DAL has been the subject of several research reports. StockNews.com downgraded shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. UBS Group initiated coverage on shares of Delta Air Lines in a research note on Wednesday, March 20th. They set a “buy” rating and a $59.00 price objective for the company. TheStreet upgraded shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. 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 research note on Thursday, April 11th. Finally, 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 research note on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Delta Air Lines currently has an average rating of “Buy” and an average target price of $58.29.

Institutional Investors Weigh In On Delta Air Lines

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. increased its stake 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 valued at $25,000 after purchasing an additional 570 shares during the period. MeadowBrook Investment Advisors LLC acquired a new position in Delta Air Lines during the fourth quarter worth about $27,000. Venturi Wealth Management LLC raised its position in Delta Air Lines by 396.6% during 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 during the last quarter. Moisand Fitzgerald Tamayo LLC raised its position in shares of Delta Air Lines by 55.2% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 874 shares of the transportation company’s stock valued at $32,000 after buying an additional 311 shares during the last quarter. Finally, Manchester Capital Management LLC raised its position in shares of 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 valued at $32,000 after buying an additional 785 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

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.