Delta Air Lines, Inc. (NYSE:DAL – Get Free Report) EVP Allison Ausband sold 5,000 shares of Delta Air Lines stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $79.00, for a total value of $395,000.00. Following the completion of the transaction, the executive vice president owned 133,854 shares in the company, valued at $10,574,466. The trade was a 3.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Delta Air Lines Price Performance
Shares of Delta Air Lines stock opened at $82.54 on Friday. Delta Air Lines, Inc. has a twelve month low of $45.28 and a twelve month high of $83.75. The stock has a market capitalization of $54.23 billion, a P/E ratio of 12.03, a PEG ratio of 1.18 and a beta of 1.25. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The business’s fifty day moving average price is $69.78 and its 200 day moving average price is $67.89.
Delta Air Lines (NYSE:DAL – Get Free Report) last issued its earnings results on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The firm had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.05 billion. During the same quarter last year, the firm earned $0.46 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, research analysts anticipate that Delta Air Lines, Inc. will post 5.26 earnings per share for the current year.
Delta Air Lines Dividend Announcement
Key Stories Impacting Delta Air Lines
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
Analysts Set New Price Targets
A number of research analysts have commented on the company. Seaport Research Partners boosted their price objective on Delta Air Lines from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. 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. UBS Group boosted their price objective on Delta Air Lines from $95.00 to $98.00 and gave the stock a “buy” rating in a research note on Tuesday. 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. Finally, BNP Paribas Exane reduced their price objective on Delta Air Lines from $85.00 to $81.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $80.22.
Read Our Latest Research Report on Delta Air Lines
Institutional Trading of Delta Air Lines
Hedge funds and other institutional investors have recently bought and sold shares of the company. AlphaQuest LLC increased its holdings in Delta Air Lines by 90.6% in the third 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 last quarter. Accredited Wealth Management LLC increased its holdings in Delta Air Lines by 1,983.3% in the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock valued at $28,000 after buying an additional 476 shares during the last quarter. Lloyd Advisory Services LLC. bought a new stake in Delta Air Lines in the fourth quarter valued at about $31,000. SWAN Capital LLC increased its holdings in Delta Air Lines by 1,016.0% in the third quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after buying an additional 508 shares during the last quarter. Finally, Camelot Portfolios LLC bought a new stake in Delta Air Lines in the fourth quarter valued at about $34,000. 69.93% of the stock is owned by institutional investors.
About Delta Air Lines
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.
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