Key Points
- Delta EVP Alain Bellemare sold 20,621 shares on May 7 at an average price of $72.75, totaling about $1.5 million. After the sale, he still held 120,025 shares, and the transaction reduced his ownership by 14.66%.
- Delta’s latest quarterly results beat expectations, with EPS of $0.64 versus the $0.61 consensus and revenue of $14.20 billion, up 9.4% year over year. Analysts still expect the company to earn about 5.3 EPS for the full year.
- Wall Street remains broadly positive on DAL, with a consensus rating of “Moderate Buy” and an average price target of $79.47. The company also announced a quarterly dividend of $0.1875 per share, payable June 4, for a 1.0% annualized yield.
Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) EVP Alain Bellemare sold 20,621 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $72.75, for a total value of $1,500,177.75. Following the completion of the transaction, the executive vice president directly owned 120,025 shares of the company's stock, valued at $8,731,818.75. This trade represents a 14.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Alain Bellemare also recently made the following trade(s):
- On Monday, February 9th, Alain Bellemare sold 35,212 shares of Delta Air Lines stock. The stock was sold at an average price of $75.20, for a total value of $2,647,942.40.
Delta Air Lines Stock Performance
Shares of DAL stock opened at $73.31 on Friday. Delta Air Lines, Inc. has a 12-month low of $45.28 and a 12-month high of $76.39. The firm has a market capitalization of $48.16 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 1.07 and a beta of 1.25. The business has a 50 day simple moving average of $66.34 and a 200 day simple moving average of $66.29. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36.
Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.05 billion. During the same period in the prior year, the company posted $0.46 EPS. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 5.3 EPS for the current year.
Delta Air Lines Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, May 14th. Delta Air Lines's dividend payout ratio (DPR) is presently 10.93%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on DAL. Bank of America decreased their price target on Delta Air Lines from $80.00 to $78.00 and set a "buy" rating for the company in a research note on Wednesday, April 1st. Citigroup increased their price target on Delta Air Lines from $77.00 to $79.00 and gave the company a "buy" rating in a research note on Thursday, April 9th. HSBC decreased their price target on Delta Air Lines from $80.20 to $79.30 and set a "buy" rating for the company in a research note on Thursday, April 9th. Zacks Research raised Delta Air Lines from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 15th. Finally, Raymond James Financial increased their price target on Delta Air Lines from $76.00 to $80.00 and gave the company a "strong-buy" rating in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $79.47.
Read Our Latest Stock Analysis on DAL
Institutional Trading of Delta Air Lines
Hedge funds have recently modified their holdings of the business. AlphaQuest LLC lifted its holdings in shares of Delta Air Lines by 90.6% in the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company's stock valued at $25,000 after purchasing an additional 211 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new stake in shares of Delta Air Lines in the fourth quarter valued at $31,000. Camelot Portfolios LLC purchased a new stake in shares of Delta Air Lines in the fourth quarter valued at $34,000. Accredited Wealth Management LLC lifted its holdings in shares of Delta Air Lines by 1,983.3% in the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company's stock valued at $28,000 after purchasing an additional 476 shares in the last quarter. Finally, Byrne Asset Management LLC purchased a new stake in shares of Delta Air Lines in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 69.93% of the company's stock.
Key Headlines Impacting Delta Air Lines
Here are the key news stories impacting Delta Air Lines this week:
Delta Air Lines Company Profile
(
Get Free Report)
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.
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