Key Points
- Delta President Peter Carter sold 44,950 shares at an average $89.29, worth about $4.01 million. He retained 379,754 shares after the sale, a 10.58% reduction in his position.
- Delta’s latest quarterly results slightly missed expectations, with EPS of $1.72 versus the $1.77 consensus and revenue of $17.59 billion versus $17.64 billion expected; revenue rose 21.1% year over year.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $99.65. The company also declared a quarterly dividend of $0.215 per share, equivalent to a 1.0% yield.
Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) President Peter Carter sold 44,950 shares of the business's stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $89.29, for a total transaction of $4,013,585.50. Following the sale, the president directly owned 379,754 shares in the company, valued at approximately $33,908,234.66. The trade was a 10.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Delta Air Lines Stock Up 2.3%
Delta Air Lines stock opened at $87.36 on Friday. The firm has a market capitalization of $57.48 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 1.49 and a beta of 1.43. The firm has a 50 day simple moving average of $80.80 and a 200 day simple moving average of $77.12. 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, Inc. has a 1-year low of $55.27 and a 1-year high of $95.68.
Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Friday, October 9th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.05). The firm had revenue of $17.59 billion during the quarter, compared to analysts' expectations of $17.64 billion. Delta Air Lines had a return on equity of 16.83% and a net margin of 4.58%. The company's revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.71 earnings per share. 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 predict that Delta Air Lines, Inc. will post 5.34 earnings per share for the current year.
Delta Air Lines Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th were given a $0.2150 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, October 15th. Delta Air Lines's payout ratio is currently 17.17%.
Analysts Set New Price Targets
A number of research analysts have recently commented on DAL shares. Jefferies Financial Group upped their price objective on shares of Delta Air Lines from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Cantor Fitzgerald set a $101.00 price target on shares of Delta Air Lines in a research report on Friday, October 2nd. Raymond James Financial reissued an "outperform" rating and issued a $100.00 target price on shares of Delta Air Lines in a research report on Wednesday, October 7th. Weiss Ratings reissued a "hold (c+)" rating on shares of Delta Air Lines in a research report on Monday, October 19th. Finally, BMO Capital Markets boosted their target price on shares of Delta Air Lines from $100.00 to $105.00 and gave the company an "outperform" rating in a research report on Monday, October 12th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $99.65.
Check Out Our Latest Stock Analysis on Delta Air Lines
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new stake in shares of Delta Air Lines during the 2nd quarter valued at approximately $1,182,646,000. Pacer Advisors Inc. lifted its position in Delta Air Lines by 50.9% in the 1st quarter. Pacer Advisors Inc. now owns 4,033,595 shares of the transportation company's stock valued at $268,153,000 after acquiring an additional 1,360,195 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Delta Air Lines by 19.4% in the third quarter. Russell Investments Group Ltd. now owns 3,156,301 shares of the transportation company's stock valued at $263,572,000 after purchasing an additional 513,777 shares during the period. Great Lakes Advisors LLC bought a new position in shares of Delta Air Lines in the second quarter worth about $160,265,000. Finally, California Public Employees Retirement System lifted its stake in shares of Delta Air Lines by 15.0% in the 1st 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 period. 69.93% of the stock is currently owned by hedge funds and other institutional investors.
Delta Air Lines Company Profile
(
Get Free Report)
Delta Air Lines is a U.S.-based airline that provides passenger and cargo transportation. It serves domestic and international destinations through its own flights and relationships with partner airlines, with major hubs including Atlanta, Detroit, Minneapolis–Saint Paul, New York, and Salt Lake City.
The company offers multiple cabin and fare options, including Delta One, First Class, Delta Comfort+ and Main Cabin. Its other businesses and services include Delta Cargo, the SkyMiles loyalty program, and aircraft maintenance and repair services through Delta TechOps.
Delta traces its roots to Huff Daland Dusters, an aerial crop-dusting company established in 1925, and began carrying passengers in 1929.
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