Delta Air Lines, Inc. (NYSE:DAL – Get Free Report) EVP Alain Bellemare sold 25,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $81.44, for a total transaction of $2,036,000.00. Following the completion of the transaction, the executive vice president directly owned 95,025 shares of the company’s stock, valued at $7,738,836. This trade represents a 20.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Alain Bellemare also recently made the following trade(s):
- On Thursday, May 7th, Alain Bellemare sold 20,621 shares of Delta Air Lines stock. The stock was sold at an average price of $72.75, for a total transaction of $1,500,177.75.
Delta Air Lines Price Performance
Shares of DAL stock traded up $0.74 on Thursday, reaching $82.54. The company had a trading volume of 7,685,132 shares, compared to its average volume of 10,322,021. The stock has a market capitalization of $54.23 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.15 and a beta of 1.25. The company has a quick ratio of 0.36, a current ratio of 0.42 and a debt-to-equity ratio of 0.54. Delta Air Lines, Inc. has a one year low of $45.28 and a one year high of $83.75. The business’s 50-day moving average is $69.43 and its 200 day moving average is $67.72.
Delta Air Lines Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Thursday, May 14th. Delta Air Lines’s dividend payout ratio (DPR) is 10.93%.
Institutional Trading of Delta Air Lines
Hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC lifted its position in Delta Air Lines by 33.5% in the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company’s stock valued at $555,000 after purchasing an additional 2,302 shares during the last quarter. Acadian Asset Management LLC bought a new position in Delta Air Lines in the first quarter worth $178,000. Sivia Capital Partners LLC bought a new position in Delta Air Lines in the second quarter worth $555,000. Marshall Wace LLP raised its holdings in Delta Air Lines by 102.2% in the second quarter. Marshall Wace LLP now owns 7,825 shares of the transportation company’s stock worth $385,000 after purchasing an additional 357,825 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Delta Air Lines by 10.6% in the second quarter. Daiwa Securities Group Inc. now owns 58,129 shares of the transportation company’s stock worth $2,859,000 after acquiring an additional 5,564 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.
Wall Street Analysts Forecast Growth
DAL has been the subject of several analyst reports. Sanford C. Bernstein raised their price target on shares of Delta Air Lines from $81.00 to $88.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Seaport Research Partners lifted their price target on shares of Delta Air Lines from $81.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. TD Cowen lifted their price target on shares of Delta Air Lines from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group lifted their price objective on shares of Delta Air Lines from $95.00 to $98.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Citigroup lifted their target price 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. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.22.
Read Our Latest Research Report on Delta Air Lines
Key Headlines Impacting Delta Air Lines
Here are the key news stories impacting Delta Air Lines this week:
- Positive Sentiment: TD Cowen lifted its price target on Delta Air Lines (DAL) to $92 from $84 and kept a Buy rating, signaling confidence in further upside. TD Cowen adjusts price target on Delta Air Lines to $92 from $84, maintains Buy rating
- Positive Sentiment: Earlier in the week, both TD Cowen and UBS reportedly raised their price targets on Delta, helping fuel the rally as investors responded to improving analyst sentiment. Delta (DAL) Stock Is Up, What You Need To Know
- Positive Sentiment: Airline stocks broadly benefited as oil prices retreated, easing fuel-cost pressure for carriers like Delta and improving near-term margin expectations. Airline stocks rally as oil retreat eases fuel cost pressure
- Neutral Sentiment: Delta also disclosed recent insider share sales by EVP Allison Ausband, which may be viewed as routine portfolio activity but could temper enthusiasm somewhat. Delta Air Lines (NYSE:DAL) EVP Allison Ausband Sells 5,000 Shares
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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