Delta Air Lines, Inc. (NYSE:DAL) CEO Edward H. Bastian Sells 91,710 Shares

Delta Air Lines, Inc. (NYSE:DAL) CEO Edward H. Bastian sold 91,710 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the sale, the chief executive officer now owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Delta Air Lines Trading Down 0.5 %

Shares of NYSE:DAL opened at $67.41 on Friday. The business’s 50-day moving average is $63.06 and its 200 day moving average is $52.94. 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, Inc. has a 1 year low of $37.29 and a 1 year high of $69.98. The firm has a market capitalization of $43.50 billion, a P/E ratio of 12.65, a P/E/G ratio of 0.80 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. The firm had revenue of $15.56 billion for the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.28 earnings per share. On average, research analysts predict that Delta Air Lines, Inc. will post 7.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. TD Cowen upped their price objective on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Barclays upped their price target on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Sanford C. Bernstein lifted their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Citigroup upped their target price on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, UBS Group reaffirmed a “buy” rating and set a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $78.22.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DAL. Mason & Associates Inc raised its stake in shares of Delta Air Lines by 3.2% during the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock valued at $308,000 after buying an additional 160 shares during the last quarter. Armstrong Advisory Group Inc. boosted its position in Delta Air Lines by 10.6% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company’s stock worth $110,000 after purchasing an additional 175 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Delta Air Lines by 3.7% in the fourth quarter. Ballentine Partners LLC now owns 5,267 shares of the transportation company’s stock valued at $319,000 after buying an additional 188 shares in the last quarter. Huntington National Bank increased its holdings in Delta Air Lines by 2.9% in the 3rd quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock worth $339,000 after acquiring an additional 189 shares in the last quarter. Finally, Oakworth Capital Inc. raised its position in Delta Air Lines by 16.9% during the third quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company’s stock worth $72,000 after acquiring an additional 204 shares during the period. 69.93% of the stock is owned by institutional investors and hedge funds.

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.