Daniel A. Carp Sells 25,000 Shares of Delta Air Lines, Inc. (DAL) Stock

Delta Air Lines, Inc. (NYSE:DAL) Director Daniel A. Carp sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 25th. The shares were sold at an average price of $51.53, for a total value of $1,288,250.00. Following the sale, the director now owns 45,123 shares in the company, valued at approximately $2,325,188.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Delta Air Lines opened at $54.71 on Friday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.31 and a current ratio of 0.40. The company has a market cap of $38.26 billion, a PE ratio of 10.98, a P/E/G ratio of 0.49 and a beta of 1.09. Delta Air Lines, Inc. has a twelve month low of $44.59 and a twelve month high of $60.79.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 12th. The transportation company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.05. The business had revenue of $11.78 billion for the quarter, compared to analysts’ expectations of $11.73 billion. Delta Air Lines had a return on equity of 26.75% and a net margin of 7.72%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.64 EPS. research analysts expect that Delta Air Lines, Inc. will post 5.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 16th. Investors of record on Thursday, July 26th will be given a $0.35 dividend. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.31. This represents a $1.40 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Wednesday, July 25th. Delta Air Lines’s dividend payout ratio (DPR) is currently 28.40%.

Several brokerages have issued reports on DAL. ValuEngine cut Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. Imperial Capital upped their price objective on Delta Air Lines from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, June 1st. Zacks Investment Research cut Delta Air Lines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 13th. Cfra restated a “buy” rating and set a $70.00 price objective on shares of Delta Air Lines in a research note on Monday, June 18th. Finally, Barclays cut their price objective on Delta Air Lines from $73.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, July 16th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $66.36.

A number of institutional investors and hedge funds have recently bought and sold shares of DAL. Wagner Wealth Management LLC increased its position in Delta Air Lines by 375.0% in the 1st quarter. Wagner Wealth Management LLC now owns 1,900 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 1,500 shares during the period. Fortis Advisors LLC boosted its stake in Delta Air Lines by 99.1% during the 1st quarter. Fortis Advisors LLC now owns 2,389 shares of the transportation company’s stock valued at $131,000 after purchasing an additional 1,189 shares in the last quarter. Huntington National Bank boosted its stake in Delta Air Lines by 73.8% during the 2nd quarter. Huntington National Bank now owns 2,701 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 1,147 shares in the last quarter. Nvwm LLC boosted its stake in Delta Air Lines by 558.5% during the 1st quarter. Nvwm LLC now owns 2,700 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 2,290 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its stake in Delta Air Lines by 4,836.6% during the 1st quarter. Summit Trail Advisors LLC now owns 142,667 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 139,777 shares in the last quarter. Hedge funds and other institutional investors own 87.68% of the company’s stock.

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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Insider Buying and Selling by Quarter for Delta Air Lines (NYSE:DAL)

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