Insider Selling: Delta Air Lines, Inc. (NYSE:DAL) SVP Sells 8,400 Shares of Stock

Delta Air Lines, Inc. (NYSE:DAL) SVP William C. Carroll sold 8,400 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $66.02, for a total transaction of $554,568.00. Following the sale, the senior vice president now owns 19,756 shares of the company’s stock, valued at approximately $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Delta Air Lines Stock Down 0.5 %

Shares of NYSE DAL opened at $67.41 on Friday. The stock has a market cap of $43.50 billion, a P/E ratio of 12.65, a PEG ratio of 0.80 and a beta of 1.35. The business’s fifty day simple moving average is $63.06 and its 200-day simple moving average is $52.94. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. The business had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 EPS. As a group, equities analysts predict that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DAL. Sanford C. Bernstein raised their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. TD Cowen lifted their target price on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. The Goldman Sachs Group reiterated a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, UBS Group reaffirmed a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a research note on Tuesday, November 26th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $78.22.

Institutional Investors Weigh In On Delta Air Lines

Hedge funds and other institutional investors have recently modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new stake in Delta Air Lines in the fourth quarter valued at $27,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Delta Air Lines during the 3rd quarter worth about $25,000. Crews Bank & Trust purchased a new stake in Delta Air Lines during the fourth quarter worth approximately $30,000. Modus Advisors LLC acquired a new position in Delta Air Lines in the fourth quarter valued at approximately $33,000. Finally, Harbor Investment Advisory LLC raised its holdings in Delta Air Lines by 217.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock worth $34,000 after purchasing an additional 380 shares in the last quarter. 69.93% of the stock is currently 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.