Key Points
- Delta EVP Allison Ausband sold 5,000 shares on May 21 at an average price of $73.50, totaling $367,500. After the sale, she still owned 138,854 shares, and the transaction reduced her holdings by 3.48%.
- Delta shares were up 4.3%, opening at $79.39 and trading near their 12-month high of $79.59. The stock also remained above its 50-day and 200-day moving averages.
- Delta recently beat quarterly earnings expectations with EPS of $0.64 versus $0.61 expected, while revenue rose 9.4% year over year to $14.20 billion. The company also announced a quarterly dividend of $0.1875 per share, to be paid on June 4.
Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) EVP Allison Ausband sold 5,000 shares of the firm's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $73.50, for a total value of $367,500.00. Following the transaction, the executive vice president directly owned 138,854 shares in the company, valued at $10,205,769. This trade represents a 3.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Delta Air Lines Stock Up 4.3%
Shares of NYSE:DAL opened at $79.39 on Wednesday. The stock's 50-day moving average price is $69.01 and its 200-day moving average price is $67.55. Delta Air Lines, Inc. has a 12-month low of $45.28 and a 12-month high of $79.59. The stock has a market capitalization of $52.16 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 1.10 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 (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $14.05 billion. During the same period last year, the firm earned $0.46 earnings per share. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that Delta Air Lines, Inc. will post 5.26 earnings per share for the current year.
Delta Air Lines Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders 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 dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 14th. Delta Air Lines's dividend payout ratio (DPR) is 10.93%.
Institutional Trading of Delta Air Lines
Institutional investors have recently modified their holdings of the company. Federated Hermes Inc. lifted its holdings in Delta Air Lines by 7.7% in the third quarter. Federated Hermes Inc. now owns 358,870 shares of the transportation company's stock worth $20,366,000 after buying an additional 25,507 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Delta Air Lines by 10.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,344 shares of the transportation company's stock worth $4,957,000 after buying an additional 8,309 shares during the period. Independent Advisor Alliance lifted its holdings in Delta Air Lines by 41.3% in the third quarter. Independent Advisor Alliance now owns 53,601 shares of the transportation company's stock worth $3,042,000 after buying an additional 15,661 shares during the period. TD Asset Management Inc lifted its holdings in Delta Air Lines by 14.0% in the third quarter. TD Asset Management Inc now owns 457,796 shares of the transportation company's stock worth $25,980,000 after buying an additional 56,365 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new stake in Delta Air Lines in the third quarter worth about $1,041,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Delta Air Lines from $87.00 to $75.00 and set an "overweight" rating on the stock in a research note on Monday, March 16th. Argus raised their price objective on Delta Air Lines from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, April 9th. Weiss Ratings lowered shares of Delta Air Lines from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, March 6th. Citigroup increased their target price on shares of Delta Air Lines from $77.00 to $79.00 and gave the stock a "buy" rating in a report on Thursday, April 9th. Finally, Susquehanna dropped their target price on shares of Delta Air Lines from $81.00 to $78.00 and set a "positive" rating for the company in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $79.89.
Read Our Latest Stock Report on DAL
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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