William C. Carroll Sells 21,530 Shares of Delta Air Lines, Inc. (NYSE:DAL) Stock

Delta Air Lines, Inc. (NYSE:DAL) SVP William C. Carroll sold 21,530 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the transaction, the senior vice president now owns 19,756 shares of the company’s stock, valued at $1,197,608.72. This trade represents a 52.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Delta Air Lines Trading Up 0.6 %

Shares of DAL stock opened at $64.84 on Friday. Delta Air Lines, Inc. has a twelve month low of $35.28 and a twelve month high of $66.25. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The business’s 50 day moving average is $52.17 and its two-hundred day moving average is $48.51. The company has a market capitalization of $41.84 billion, a P/E ratio of 9.01, a price-to-earnings-growth ratio of 1.22 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The firm had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. During the same period in the prior year, the firm posted $2.03 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts forecast that Delta Air Lines, Inc. will post 6.07 EPS for the current year.

Delta Air Lines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines’s payout ratio is 8.33%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DAL shares. BNP Paribas raised Delta Air Lines to a “strong-buy” rating in a report on Thursday, September 19th. Sanford C. Bernstein raised their target price on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Barclays boosted their target price on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday. Jefferies Financial Group increased their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a research note on Monday. Finally, Susquehanna boosted their price objective on shares of Delta Air Lines from $50.00 to $59.00 and gave the stock a “positive” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average target price of $70.23.

Institutional Trading of Delta Air Lines

A number of institutional investors have recently modified their holdings of the business. Sanders Capital LLC increased its position in Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after purchasing an additional 749,099 shares during the last quarter. Capital World Investors lifted its position in shares of Delta Air Lines by 0.3% during the first quarter. Capital World Investors now owns 15,030,836 shares of the transportation company’s stock worth $719,526,000 after purchasing an additional 49,712 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Delta Air Lines by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock valued at $471,330,000 after purchasing an additional 1,105,674 shares in the last quarter. Pzena Investment Management LLC purchased a new stake in Delta Air Lines during the 3rd quarter worth $281,206,000. Finally, Castle Hook Partners LP acquired a new position in Delta Air Lines in the 3rd quarter worth $189,296,000. 69.93% of the stock is currently owned by hedge funds and other 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.