Delta Air Lines, Inc. (NYSE:DAL) EVP Sells $2,467,312.47 in Stock

Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) EVP Rahul D. Samant sold 38,023 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value of $2,467,312.47. Following the completion of the sale, the executive vice president now owns 52,789 shares in the company, valued at $3,425,478.21. This represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Delta Air Lines Price Performance

Shares of DAL stock traded up $1.35 during trading on Friday, hitting $65.41. The company had a trading volume of 6,046,263 shares, compared to its average volume of 7,730,671. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The stock's 50-day moving average is $64.14 and its two-hundred day moving average is $55.62. The stock has a market capitalization of $42.21 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 0.80 and a beta of 1.36. Delta Air Lines, Inc. has a 52 week low of $37.29 and a 52 week high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion for the quarter, compared to analysts' expectations of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. Delta Air Lines's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.28 earnings per share. As a group, analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines's dividend payout ratio (DPR) is 11.26%.

Wall Street Analyst Weigh In

DAL has been the topic of a number of research reports. Jefferies Financial Group boosted their price objective on Delta Air Lines from $58.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, November 11th. The Goldman Sachs Group restated a "buy" rating and issued a $83.00 price objective on shares of Delta Air Lines in a research note on Friday, November 15th. Susquehanna boosted their price objective on Delta Air Lines from $59.00 to $75.00 and gave the company a "positive" rating in a research note on Tuesday, January 7th. StockNews.com upgraded Delta Air Lines from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Delta Air Lines from $60.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Delta Air Lines has an average rating of "Buy" and an average price target of $78.22.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. boosted its stake in Delta Air Lines by 5.4% in the third quarter. Crossmark Global Holdings Inc. now owns 268,636 shares of the transportation company's stock worth $13,644,000 after buying an additional 13,802 shares in the last quarter. KBC Group NV boosted its stake in Delta Air Lines by 143.7% in the third quarter. KBC Group NV now owns 56,611 shares of the transportation company's stock worth $2,876,000 after buying an additional 33,378 shares in the last quarter. Olstein Capital Management L.P. boosted its stake in Delta Air Lines by 32.6% in the third quarter. Olstein Capital Management L.P. now owns 175,000 shares of the transportation company's stock worth $8,888,000 after buying an additional 43,000 shares in the last quarter. Donoghue Forlines LLC purchased a new stake in Delta Air Lines in the fourth quarter worth approximately $2,036,000. Finally, River Road Asset Management LLC boosted its stake in Delta Air Lines by 22.8% in the third quarter. River Road Asset Management LLC now owns 130,608 shares of the transportation company's stock worth $6,634,000 after buying an additional 24,249 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

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.