Delta Air Lines (NYSE:DAL) SVP William Carroll Sells 14,010 Shares

Key Points

• William Carroll, Delta Air Lines' Senior Vice President, sold 14,010 shares at an average price of $61.25, totaling approximately $858,112.50, representing a 46.97% reduction in his ownership.
• Delta's stock has a market capitalization of $38.98 billion with a recent trading price of $59.70, indicating it has fluctuated between a 12-month low of $34.74 and a high of $69.98.
• The company announced a quarterly dividend of $0.1875 per share, with an annualized payout of $0.75 and a yield of 1.3%, scheduled for payment on November 6th.

Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) SVP William Carroll sold 14,010 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total value of $858,112.50. Following the completion of the transaction, the senior vice president owned 15,816 shares of the company's stock, valued at $968,730. The trade was a 46.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Delta Air Lines Price Performance

Shares of DAL traded down $0.70 during trading hours on Friday, reaching $59.70. The stock had a trading volume of 6,182,650 shares, compared to its average volume of 10,294,497. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The stock has a market capitalization of $38.98 billion, a PE ratio of 8.41, a PEG ratio of 1.59 and a beta of 1.50. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. The company's 50-day moving average is $59.23 and its two-hundred day moving average is $51.95.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings results on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. The company had revenue of $8.40 billion during the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. Research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, October 16th. Delta Air Lines's dividend payout ratio (DPR) is currently 10.56%.

Hedge Funds Weigh In On Delta Air Lines

A number of hedge funds have recently added to or reduced their stakes in DAL. Private Trust Co. NA raised its position in shares of Delta Air Lines by 3.3% in the third quarter. Private Trust Co. NA now owns 5,493 shares of the transportation company's stock valued at $312,000 after buying an additional 174 shares during the last quarter. HBK Sorce Advisory LLC increased its position in Delta Air Lines by 3.2% during the third quarter. HBK Sorce Advisory LLC now owns 5,871 shares of the transportation company's stock worth $362,000 after purchasing an additional 181 shares during the last quarter. Foundations Investment Advisors LLC boosted its stake in Delta Air Lines by 2.6% during the second quarter. Foundations Investment Advisors LLC now owns 7,844 shares of the transportation company's stock worth $386,000 after buying an additional 196 shares during the period. JT Stratford LLC boosted its stake in Delta Air Lines by 1.2% during the first quarter. JT Stratford LLC now owns 16,403 shares of the transportation company's stock worth $715,000 after buying an additional 200 shares during the period. Finally, Ethic Inc. boosted its stake in Delta Air Lines by 1.9% during the third quarter. Ethic Inc. now owns 10,578 shares of the transportation company's stock worth $600,000 after buying an additional 202 shares during the period. Institutional investors and hedge funds own 69.93% of the company's stock.

Wall Street Analysts Forecast Growth

DAL has been the subject of several research analyst reports. Barclays lifted their price objective on Delta Air Lines from $58.00 to $65.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. UBS Group raised their target price on Delta Air Lines from $72.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, October 10th. Jefferies Financial Group raised their target price on Delta Air Lines from $70.00 to $74.00 and gave the company a "buy" rating in a research note on Monday. Rothschild & Co Redburn raised their target price on Delta Air Lines from $65.00 to $72.00 in a research note on Tuesday. Finally, Wolfe Research raised their target price on Delta Air Lines from $63.00 to $67.00 and gave the company an "outperform" rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company. According to data from MarketBeat.com, Delta Air Lines has a consensus rating of "Buy" and an average price target of $71.53.

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.

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