Delta Air Lines, Inc. (NYSE:DAL) President Glen W. Hauenstein Sells 100,000 Shares

Delta Air Lines, Inc. (NYSE:DAL) President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $49.05, for a total value of $4,905,000.00. Following the sale, the president now owns 217,584 shares of the company’s stock, valued at $10,672,495.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Delta Air Lines Price Performance

NYSE:DAL opened at $49.24 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The business’s 50-day simple moving average is $44.51 and its two-hundred day simple moving average is $39.95. The stock has a market cap of $31.78 billion, a PE ratio of 6.33, a P/E/G ratio of 0.71 and a beta of 1.43. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $49.81.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The firm had revenue of $13.75 billion for the quarter, compared to analysts’ expectations of $12.51 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, analysts forecast that Delta Air Lines, Inc. will post 6.52 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, February 26th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.40 annualized dividend and a yield of 0.81%. Delta Air Lines’s payout ratio is currently 5.14%.

Institutional Investors Weigh In On Delta Air Lines

Large investors have recently added to or reduced their stakes in the stock. MeadowBrook Investment Advisors LLC bought a new position in shares of Delta Air Lines during the fourth quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in Delta Air Lines by 495.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company’s stock worth $25,000 after purchasing an additional 570 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Delta Air Lines by 396.6% in the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company’s stock worth $29,000 after purchasing an additional 575 shares in the last quarter. Manchester Capital Management LLC grew its stake in Delta Air Lines by 26,166.7% in the fourth quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company’s stock worth $32,000 after purchasing an additional 785 shares in the last quarter. Finally, Rise Advisors LLC grew its stake in Delta Air Lines by 122.5% in the first quarter. Rise Advisors LLC now owns 821 shares of the transportation company’s stock worth $39,000 after purchasing an additional 452 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DAL has been the subject of several analyst reports. UBS Group initiated coverage on Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their price target on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Susquehanna upped their price target on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research report on Tuesday, April 9th. Bank of America upped their price target on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $85.00 price target on shares of Delta Air Lines in a research report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Delta Air Lines currently has an average rating of “Buy” and an average price target of $58.29.

About Delta Air Lines

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.