Peter W. Carter Sells 50,000 Shares of Delta Air Lines, Inc. (NYSE:DAL) Stock

Delta Air Lines, Inc. (NYSE:DAL) EVP Peter W. Carter sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $50.00, for a total value of $2,500,000.00. Following the sale, the executive vice president now directly owns 143,328 shares in the company, valued at $7,166,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Delta Air Lines Trading Down 0.1 %

Shares of NYSE DAL opened at $50.02 on Thursday. Delta Air Lines, Inc. has a twelve month low of $30.60 and a twelve month high of $50.74. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The stock has a fifty day simple moving average of $45.61 and a 200-day simple moving average of $40.52. The stock has a market capitalization of $32.28 billion, a PE ratio of 6.43, a PEG ratio of 0.75 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The business had revenue of $13.75 billion during the quarter, compared to analysts’ expectations of $12.51 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts forecast that Delta Air Lines, Inc. will post 6.55 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.40 annualized dividend and a yield of 0.80%. Delta Air Lines’s payout ratio is 5.14%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DAL shares. Susquehanna increased their price target on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a research report on Tuesday, April 9th. Bank of America increased their price target on Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Morgan Stanley restated an “overweight” rating and issued a $85.00 target price on shares of Delta Air Lines in a research report on Thursday, April 11th. UBS Group started coverage on Delta Air Lines in a research report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Delta Air Lines currently has an average rating of “Buy” and a consensus price target of $58.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DAL. Wellington Management Group LLP grew its stake in Delta Air Lines by 220.2% during the 4th quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock worth $346,008,000 after purchasing an additional 5,914,301 shares in the last quarter. Capital International Investors lifted its holdings in Delta Air Lines by 8.8% during the 4th quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock worth $842,283,000 after buying an additional 1,689,053 shares during the last quarter. Norges Bank purchased a new stake in Delta Air Lines during the 4th quarter worth about $65,056,000. Jennison Associates LLC lifted its holdings in Delta Air Lines by 145.2% during the 4th quarter. Jennison Associates LLC now owns 2,618,627 shares of the transportation company’s stock worth $105,347,000 after buying an additional 1,550,770 shares during the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in Delta Air Lines by 27.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company’s stock worth $260,198,000 after buying an additional 1,376,221 shares during the last quarter. 69.93% of the stock is owned by institutional investors and hedge funds.

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.