Rep. Jefferson Shreve Sells Off Shares of Delta Air Lines, Inc. (NYSE:DAL)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Delta Air Lines, Inc. NYSE: DAL. In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Delta Air Lines stock on March 13th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

Delta Air Lines Stock Performance

Shares of DAL stock traded up $0.22 on Friday, hitting $40.81. The company's stock had a trading volume of 8,109,884 shares, compared to its average volume of 9,285,699. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The company has a market capitalization of $26.38 billion, a PE ratio of 7.66, a PEG ratio of 0.75 and a beta of 1.23. The stock's 50 day moving average is $50.20 and its 200-day moving average is $57.35. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The business had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. The business's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 EPS. Equities research analysts expect that Delta Air Lines, Inc. will post 7.63 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, March 20th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Thursday, February 27th. Delta Air Lines's dividend payout ratio is currently 10.64%.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 6,783 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.94, for a total value of $447,271.02. Following the sale, the senior vice president now owns 10,016 shares in the company, valued at approximately $660,455.04. This represents a 40.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rahul D. Samant sold 17,970 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the sale, the executive vice president now directly owns 35,889 shares in the company, valued at approximately $2,479,212.12. This represents a 33.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 154,486 shares of company stock worth $10,561,895 over the last ninety days. 0.96% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of recent analyst reports. Raymond James cut their target price on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 2nd. Barclays dropped their target price on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Dbs Bank lowered shares of Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. The Goldman Sachs Group lowered their price objective on shares of Delta Air Lines from $83.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, StockNews.com downgraded Delta Air Lines from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $61.06.

Institutional Investors Weigh In On Delta Air Lines

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Delta Air Lines by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company's stock worth $4,380,820,000 after buying an additional 456,465 shares during the period. Sanders Capital LLC increased its position in shares of Delta Air Lines by 6.9% during the fourth quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company's stock valued at $1,800,754,000 after buying an additional 1,922,932 shares during the period. Geode Capital Management LLC lifted its holdings in Delta Air Lines by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company's stock worth $968,234,000 after buying an additional 410,648 shares during the period. Capital World Investors boosted its position in Delta Air Lines by 0.3% during the 4th quarter. Capital World Investors now owns 15,180,467 shares of the transportation company's stock valued at $918,419,000 after acquiring an additional 46,101 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Delta Air Lines by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,090,209 shares of the transportation company's stock worth $670,994,000 after acquiring an additional 92,208 shares during the period. Institutional investors own 69.93% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.