Delta Air Lines, Inc. (NYSE:DAL) EVP Joanne D. Smith Sells 4,846 Shares

Delta Air Lines, Inc. (NYSE:DAL) EVP Joanne D. Smith sold 4,846 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $52.30, for a total transaction of $253,445.80. Following the completion of the transaction, the executive vice president now directly owns 112,421 shares of the company’s stock, valued at approximately $5,879,618.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Delta Air Lines Stock Performance

Shares of DAL stock traded down $0.21 on Friday, hitting $52.54. The company had a trading volume of 849,879 shares, compared to its average volume of 10,500,853. The company has a 50-day moving average price of $46.61 and a 200-day moving average price of $41.17. The firm has a market cap of $33.63 billion, a P/E ratio of 6.78, a price-to-earnings-growth ratio of 0.76 and a beta of 1.38. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $53.15.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The business had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same period in the prior year, the business posted $0.25 earnings per share. Delta Air Lines’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 6.61 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Monday, May 13th. Delta Air Lines’s payout ratio is 5.14%.

Institutional Investors Weigh In On Delta Air Lines

A number of institutional investors have recently added to or reduced their stakes in DAL. MeadowBrook Investment Advisors LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth about $27,000. Venturi Wealth Management LLC boosted its holdings in shares of Delta Air Lines by 396.6% in the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock valued at $29,000 after buying an additional 575 shares during the period. Manchester Capital Management LLC grew its stake in Delta Air Lines by 26,166.7% in the 4th quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock valued at $32,000 after buying an additional 785 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Delta Air Lines in the 3rd quarter valued at approximately $35,000. Finally, Rise Advisors LLC increased its stake in shares of Delta Air Lines by 122.5% in the 1st quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 452 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

DAL has been the topic of several research reports. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Bank of America boosted their price target on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Susquehanna upped their price target on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. Morgan Stanley reissued an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $58.29.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.