Delta Air Lines (NYSE:DAL) President Peter Carter Sells 44,950 Shares of Company Stock

Delta Air Lines, Inc. (NYSE:DAL) President Peter Carter sold 44,950 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $89.29, for a total transaction of $4,013,585.50. Following the transaction, the president owned 379,754 shares of the company’s stock, valued at $33,908,234.66. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Delta Air Lines Stock Up 2.3%

Shares of NYSE:DAL opened at $87.36 on Friday. The stock has a market cap of $57.48 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.49 and a beta of 1.43. The firm’s 50 day moving average price is $80.80 and its 200 day moving average price is $77.12. Delta Air Lines, Inc. has a fifty-two week low of $55.27 and a fifty-two week high of $95.68. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 0.42.

Delta Air Lines (NYSE:DAL) last issued its quarterly 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). Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. The firm had revenue of $17.59 billion for the quarter, compared to analyst estimates of $17.64 billion. During the same quarter last year, the business posted $1.71 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 5.34 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 5th. Investors 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 was Thursday, October 15th. Delta Air Lines’s payout ratio is currently 17.17%.

Institutional Investors Weigh In On Delta Air Lines

Several large investors have recently modified their holdings of the stock. Arrow Capital Pty Ltd increased its position in shares of Delta Air Lines by 53.4% in the 3rd quarter. Arrow Capital Pty Ltd now owns 76,696 shares of the transportation company’s stock worth $6,401,000 after purchasing an additional 26,696 shares during the last quarter. Carson Advisory Inc. grew its position in Delta Air Lines by 4.5% in the third quarter. Carson Advisory Inc. now owns 29,065 shares of the transportation company’s stock valued at $2,426,000 after purchasing an additional 1,244 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Delta Air Lines by 80.8% during the third quarter. Allworth Financial LP now owns 94,396 shares of the transportation company’s stock worth $7,878,000 after buying an additional 42,200 shares in the last quarter. Fisher Asset Management LLC boosted its position in Delta Air Lines by 4.5% in the third quarter. Fisher Asset Management LLC now owns 4,434 shares of the transportation company’s stock valued at $370,000 after buying an additional 190 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Delta Air Lines by 19.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,156,301 shares of the transportation company’s stock worth $263,572,000 after buying an additional 513,777 shares during the period. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Morgan Stanley lifted their price target on Delta Air Lines from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. The Goldman Sachs Group restated a “buy” rating on shares of Delta Air Lines in a research note on Monday, August 3rd. Susquehanna decreased their price target on shares of Delta Air Lines from $100.00 to $95.00 and set a “positive” rating for the company in a research note on Monday, October 12th. Seaport Research Partners reaffirmed a “buy” rating and set a $100.00 target price on shares of Delta Air Lines in a report on Monday, October 12th. Finally, Wells Fargo & Company lowered their price target on shares of Delta Air Lines from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, October 6th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $99.65.

About Delta Air Lines

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.