Key Points
- Delta EVP Alain Bellemare sold 25,000 shares on May 27 at an average price of $81.44, totaling about $2.04 million. After the sale, he still held 95,025 shares, a 20.83% reduction in his stake.
- Delta’s recent results topped expectations, with quarterly EPS of $0.64 versus the $0.61 consensus and revenue of $14.20 billion versus $14.05 billion expected. Revenue rose 9.4% year over year, and analysts now forecast full-year EPS of 5.26.
- Analyst sentiment remains constructive, with multiple firms raising price targets and the consensus rating at “Moderate Buy.” TD Cowen lifted its target to $92 and reiterated a buy rating, while UBS raised its target to $98.
Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) EVP Allison Ausband sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $79.00, for a total value of $395,000.00. Following the transaction, the executive vice president directly owned 133,854 shares of the company's stock, valued at $10,574,466. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Delta Air Lines Stock Up 0.9%
NYSE:DAL opened at $82.54 on Friday. The firm has a market capitalization of $54.23 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.18 and a beta of 1.25. The stock has a 50 day moving average of $69.78 and a 200-day moving average of $67.89. Delta Air Lines, Inc. has a 52 week low of $45.28 and a 52 week high of $83.75. 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 posted its earnings results 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 analyst estimates of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The business's revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.46 earnings per share. Analysts predict that Delta Air Lines, Inc. will post 5.26 EPS for the current year.
Delta Air Lines Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 14th. Delta Air Lines's dividend payout ratio is 10.93%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on DAL. Sanford C. Bernstein increased their price objective on Delta Air Lines from $81.00 to $88.00 and gave the stock an "outperform" rating in a report on Monday, May 11th. HSBC decreased their price objective on Delta Air Lines from $80.20 to $79.30 and set a "buy" rating for the company in a report on Thursday, April 9th. Seaport Research Partners increased their price objective on Delta Air Lines from $81.00 to $83.00 and gave the stock a "buy" rating in a report on Thursday, April 9th. Rothschild & Co Redburn decreased their price objective 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. Finally, Citigroup increased their price objective on Delta Air Lines from $77.00 to $79.00 and gave the stock a "buy" rating in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $80.22.
Read Our Latest Report on Delta Air Lines
Trending Headlines about Delta Air Lines
Here are the key news stories impacting Delta Air Lines this week:
- Positive Sentiment: TD Cowen raised its price target on Delta Air Lines (DAL) from $84 to $92 and reiterated a buy rating, signaling stronger confidence in the stock’s upside potential. TD Cowen price target update
- Positive Sentiment: Delta shares have also benefited from improving sentiment across airline stocks as oil prices retreated, which can ease fuel-cost pressure and improve airline margins. Airline stocks rally as oil retreats
- Positive Sentiment: Delta continues to attract favorable commentary after recent reports highlighted analyst upgrades and target increases, helping support the stock’s upward move. Delta stock is up, what you need to know
- Neutral Sentiment: CEO Ed Bastian defended Delta’s choice of Amazon’s in-flight Wi-Fi service over SpaceX Starlink, a strategic decision that could matter competitively but is not an immediate earnings driver. Delta Amazon Wi-Fi article
- Negative Sentiment: Two Delta executives sold shares this week, including EVP Allison Ausband and EVP Alain Bellemare, which can weigh on sentiment even if insider sales are not always a fundamental warning sign. Ausband SEC filing Bellemare SEC filing
Institutional Trading of Delta Air Lines
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital International Investors lifted its stake in Delta Air Lines by 4.4% during the fourth quarter. Capital International Investors now owns 24,211,101 shares of the transportation company's stock valued at $1,680,249,000 after purchasing an additional 1,012,265 shares during the last quarter. State Street Corp boosted its stake in shares of Delta Air Lines by 0.7% during the 4th quarter. State Street Corp now owns 23,163,644 shares of the transportation company's stock worth $1,607,557,000 after acquiring an additional 165,729 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Delta Air Lines by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 17,413,841 shares of the transportation company's stock worth $1,215,766,000 after acquiring an additional 202,865 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Delta Air Lines by 137.4% during the 4th quarter. Wellington Management Group LLP now owns 13,811,787 shares of the transportation company's stock worth $958,538,000 after acquiring an additional 7,994,004 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Delta Air Lines by 0.5% during the 4th quarter. Morgan Stanley now owns 12,310,804 shares of the transportation company's stock worth $854,370,000 after acquiring an additional 56,455 shares in the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.
About Delta Air Lines
(
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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