Key Points
- CEO Edward Bastian sold 50,000 Delta shares at an average price of $82, generating $4.1 million and reducing his direct ownership by 3.67% to 1,313,448 shares.
- Delta shares opened at $80.07, with the stock down 1.9%; the company recently reported $1.72 quarterly EPS and $17.59 billion in revenue, both slightly below analyst expectations.
- Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $99.65; Delta also declared a quarterly dividend of $0.215 per share.
Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) CEO Edward Bastian sold 50,000 shares of the firm's stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $82.00, for a total value of $4,100,000.00. Following the transaction, the chief executive officer directly owned 1,313,448 shares of the company's stock, valued at approximately $107,702,736. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Delta Air Lines Stock Down 1.9%
Shares of DAL opened at $80.07 on Friday. The stock's 50-day moving average price is $80.48 and its two-hundred day moving average price is $76.71. Delta Air Lines, Inc. has a 12 month low of $55.03 and a 12 month high of $95.68. The company has a market capitalization of $52.68 billion, a PE ratio of 15.98, a PEG ratio of 1.46 and a beta of 1.34. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42.
Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Friday, October 9th. The transportation company reported $1.72 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.05). Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. The company had revenue of $17.59 billion during the quarter, compared to analyst estimates of $17.64 billion. During the same period in the previous year, the company posted $1.71 EPS. The company's quarterly revenue was up 21.1% on a year-over-year basis. Delta Air Lines has set its Q4 2026 guidance at 1.150-1.650 EPS and its FY 2026 guidance at 5.100-5.600 EPS. On average, analysts anticipate that Delta Air Lines, Inc. will post 5.34 EPS for the current year.
Delta Air Lines Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.2150 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.86 annualized dividend and a yield of 1.1%. Delta Air Lines's dividend payout ratio (DPR) is presently 17.17%.
Institutional Investors Weigh In On Delta Air Lines
Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new position in Delta Air Lines during the 2nd quarter worth $1,182,646,000. Pacer Advisors Inc. raised its holdings in shares of Delta Air Lines by 50.9% in the first quarter. Pacer Advisors Inc. now owns 4,033,595 shares of the transportation company's stock valued at $268,153,000 after purchasing an additional 1,360,195 shares during the last quarter. Great Lakes Advisors LLC purchased a new stake in shares of Delta Air Lines in the second quarter valued at about $160,265,000. California Public Employees Retirement System raised its holdings in shares of Delta Air Lines by 15.0% in the first quarter. California Public Employees Retirement System now owns 1,469,652 shares of the transportation company's stock valued at $97,702,000 after purchasing an additional 191,345 shares during the last quarter. Finally, U S Global Investors Inc. lifted its position in shares of Delta Air Lines by 2.3% during the third quarter. U S Global Investors Inc. now owns 1,099,975 shares of the transportation company's stock valued at $91,804,000 after purchasing an additional 24,962 shares in the last quarter. Institutional investors own 69.93% of the company's stock.
Analyst Upgrades and Downgrades
DAL has been the topic of a number of recent analyst reports. Barclays dropped their price objective on Delta Air Lines from $105.00 to $95.00 and set an "overweight" rating on the stock in a research note on Friday, September 11th. Seaport Research Partners restated a "buy" rating and set a $100.00 price objective on shares of Delta Air Lines in a report on Monday, October 12th. Cantor Fitzgerald set a $101.00 price objective on shares of Delta Air Lines in a research note on Friday, October 2nd. Susquehanna reduced their price objective on shares of Delta Air Lines from $100.00 to $95.00 and set a "positive" rating for the company in a report on Monday, October 12th. Finally, Morgan Stanley boosted their target price on shares of Delta Air Lines from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, July 10th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Delta Air Lines has a consensus rating of "Moderate Buy" and an average target price of $99.65.
View Our Latest Stock Report on Delta Air Lines
Delta Air Lines Company Profile
(
Get Free Report)
Delta Air Lines, Inc is a major U.S. airline headquartered in Atlanta, Georgia. The company provides scheduled passenger air transportation to destinations across the United States and international markets, including Europe, Latin America, Asia, Canada, Africa and the Caribbean. Delta operates through a network of hubs and focus cities, offering service under the Delta brand and through regional partners operating as Delta Connection.
In addition to passenger flights, Delta provides air cargo transportation and related logistics services.
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