Delta Air Lines, Inc. (NYSE:DAL) EVP Rahul D. Samant Sells 38,023 Shares

Delta Air Lines, Inc. (NYSE:DAL) EVP Rahul D. Samant sold 38,023 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the transaction, the executive vice president now owns 52,789 shares of the company’s stock, valued at $3,425,478.21. This trade represents a 41.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $66.35 on Thursday. The stock has a market cap of $42.81 billion, a P/E ratio of 12.45, a P/E/G ratio of 0.80 and a beta of 1.36. The company has a fifty day moving average price of $64.11 and a two-hundred day moving average price of $55.24. Delta Air Lines, Inc. has a one year low of $37.29 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates 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%. Delta Air Lines’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $1.28 earnings per share. As a group, equities analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DAL. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 target price on shares of Delta Air Lines in a research note on Friday, November 15th. Deutsche Bank Aktiengesellschaft increased their price objective on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group boosted their target price on Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 11th. StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Citigroup boosted their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average price target of $78.22.

Hedge Funds Weigh In On Delta Air Lines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New Wave Wealth Advisors LLC acquired a new stake in shares of Delta Air Lines during the 4th quarter worth about $27,000. Roxbury Financial LLC bought a new position in Delta Air Lines in the 4th quarter valued at about $29,000. Hemington Wealth Management lifted its position in Delta Air Lines by 48.1% during the fourth quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after acquiring an additional 154 shares during the last quarter. Crews Bank & Trust bought a new stake in shares of Delta Air Lines during the fourth quarter worth approximately $30,000. Finally, Modus Advisors LLC acquired a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $33,000. 69.93% of the stock is owned by institutional investors.

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.