Key Points
- Delta EVP Alain Bellemare sold 28,000 shares for about $2.41 million at an average price of $85.93, reducing his holdings by 25.92% to 80,025 shares.
- Delta’s latest quarter slightly missed analyst expectations: EPS was $1.72 versus $1.77 expected, and revenue was $17.59 billion versus $17.64 billion forecast, though revenue rose 21.1% year over year.
- Analysts maintain a consensus “Moderate Buy” rating with a $99.65 price target; 22 analysts rate the stock Buy, one Hold, and one Sell.
Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) EVP Alain Bellemare sold 28,000 shares of the stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $85.93, for a total transaction of $2,406,040.00. Following the completion of the sale, the executive vice president owned 80,025 shares of the company's stock, valued at $6,876,548.25. This trade represents a 25.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Delta Air Lines Stock Performance
NYSE:DAL opened at $91.64 on Tuesday. The company's 50-day moving average price is $81.03 and its 200-day moving average price is $77.23. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. The company has a market cap of $60.29 billion, a P/E ratio of 16.31, a P/E/G ratio of 1.59 and a beta of 1.43. Delta Air Lines, Inc. has a twelve month low of $55.27 and a twelve month high of $95.68.
Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings results on Friday, October 9th. The transportation company reported $1.72 earnings per share for the quarter, missing analysts' consensus estimates of $1.77 by ($0.05). Delta Air Lines had a return on equity of 16.83% and a net margin of 4.58%. The business had revenue of $17.59 billion for the quarter, compared to analyst estimates of $17.64 billion. During the same quarter in the previous year, the firm posted $1.71 earnings per share. The business's revenue was up 21.1% compared to the same quarter last year. 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, sell-side analysts forecast that Delta Air Lines, Inc. will post 5.34 earnings per share for the current fiscal year.
Delta Air Lines Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, November 5th. Investors of record on Thursday, October 15th were issued a $0.2150 dividend. This represents a $0.86 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, October 15th. Delta Air Lines's dividend payout ratio (DPR) is currently 17.17%.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. Seaport Research Partners reissued a "buy" rating and set a $100.00 price objective on shares of Delta Air Lines in a research note on Monday, October 12th. JPMorgan Chase & Co. raised their target price on Delta Air Lines from $85.00 to $114.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. Zacks Research lowered Delta Air Lines from a "hold" rating to a "strong sell" rating in a report on Monday, September 28th. Sanford C. Bernstein lowered their price target on shares of Delta Air Lines from $106.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 7th. Finally, Barclays lowered their price target on shares of Delta Air Lines from $105.00 to $95.00 and set an "overweight" rating on the stock in a research report on Friday, September 11th. Twenty-two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Delta Air Lines has an average rating of "Moderate Buy" and a consensus price target of $99.65.
Read Our Latest Research Report on DAL
Institutional Trading of Delta Air Lines
Hedge funds and other institutional investors have recently made changes to their positions in the company. 71 West Capital Partners lifted its holdings in Delta Air Lines by 2.3% during the 3rd quarter. 71 West Capital Partners now owns 5,518 shares of the transportation company's stock worth $461,000 after purchasing an additional 123 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Delta Air Lines by 3.8% in the second quarter. Parkside Financial Bank & Trust now owns 3,535 shares of the transportation company's stock worth $331,000 after acquiring an additional 129 shares during the last quarter. Arlington Trust Co LLC boosted its holdings in shares of Delta Air Lines by 11.7% during the 2nd quarter. Arlington Trust Co LLC now owns 1,238 shares of the transportation company's stock valued at $116,000 after acquiring an additional 130 shares in the last quarter. Guardian Wealth Advisors LLC NC boosted its stake in shares of Delta Air Lines by 3.5% during the second quarter. Guardian Wealth Advisors LLC NC now owns 3,900 shares of the transportation company's stock valued at $365,000 after purchasing an additional 131 shares in the last quarter. Finally, REAP Financial Group LLC grew its stake in shares of Delta Air Lines by 6.6% in the third quarter. REAP Financial Group LLC now owns 2,119 shares of the transportation company's stock worth $177,000 after purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.
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.
Further Reading
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