Insider Selling: Delta Air Lines (NYSE:DAL) EVP Sells $737,960.00 in Stock

Delta Air Lines, Inc. (NYSE:DAL) EVP Allison Ausband sold 9,710 shares of Delta Air Lines stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total value of $737,960.00. Following the completion of the sale, the executive vice president directly owned 138,854 shares in the company, valued at $10,552,904. This represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Delta Air Lines Stock Performance

Shares of NYSE:DAL opened at $82.54 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36. The business’s 50 day moving average price is $69.78 and its 200-day moving average price is $67.89. The firm has a market capitalization of $54.23 billion, a PE ratio of 12.03, a P/E/G ratio of 1.18 and a beta of 1.25. Delta Air Lines, Inc. has a 1 year low of $45.28 and a 1 year high of $83.75.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 5.26 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.75 dividend on an annualized basis and a yield of 0.9%. Delta Air Lines’s payout ratio is 10.93%.

More Delta Air Lines News

Here are the key news stories impacting Delta Air Lines this week:

• Positive Sentiment: TD Cowen raised its price target on Delta Air Lines (DAL) from $84 to $92 and reiterated a buy rating, signaling stronger confidence in the stock’s upside potential. TD Cowen price target update
• Positive Sentiment: Delta shares have also benefited from improving sentiment across airline stocks as oil prices retreated, which can ease fuel-cost pressure and improve airline margins. Airline stocks rally as oil retreats
• Positive Sentiment: Delta continues to attract favorable commentary after recent reports highlighted analyst upgrades and target increases, helping support the stock’s upward move. Delta stock is up, what you need to know
• Neutral Sentiment: CEO Ed Bastian defended Delta’s choice of Amazon’s in-flight Wi-Fi service over SpaceX Starlink, a strategic decision that could matter competitively but is not an immediate earnings driver. Delta Amazon Wi-Fi article
• Negative Sentiment: Two Delta executives sold shares this week, including EVP Allison Ausband and EVP Alain Bellemare, which can weigh on sentiment even if insider sales are not always a fundamental warning sign. Ausband SEC filing Bellemare SEC filing

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DAL shares. Raymond James Financial boosted their price objective on Delta Air Lines from $76.00 to $80.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 9th. Zacks Research raised Delta Air Lines from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Citigroup boosted their price objective on Delta Air Lines from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Sanford C. Bernstein boosted their price objective on Delta Air Lines from $81.00 to $88.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Finally, Weiss Ratings lowered Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.

Institutional Investors Weigh In On Delta Air Lines

Institutional investors and hedge funds have recently modified their holdings of the company. AlphaQuest LLC raised its holdings in shares of Delta Air Lines by 90.6% in the 3rd quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after buying an additional 211 shares during the period. Lloyd Advisory Services LLC. purchased a new stake in Delta Air Lines during the 4th quarter worth about $31,000. Camelot Portfolios LLC purchased a new stake in Delta Air Lines during the 4th quarter worth about $34,000. Accredited Wealth Management LLC raised its position in Delta Air Lines by 1,983.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 476 shares in the last quarter. Finally, Byrne Asset Management LLC purchased a new position in shares of Delta Air Lines in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Delta Air Lines Company Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.