Delta Air Lines (NYSE:DAL) EVP Alain Bellemare Sells 28,000 Shares of Stock

Key Points

• Delta EVP Alain Bellemare sold 28,000 shares for about $2.41 million at an average price of $85.93, reducing his direct stake by 25.92% to 80,025 shares.
• Delta’s latest quarter modestly missed expectations, reporting EPS of $1.72 versus $1.77 expected and revenue of $17.59 billion versus $17.64 billion expected; revenue nevertheless rose 21.1% year over year.
• Analysts’ consensus rating is “Moderate Buy”, with a $99.65 average price target. Delta’s 2026 EPS guidance is $5.10–$5.60.

Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) EVP Alain Bellemare sold 28,000 shares of the stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $85.93, for a total transaction of $2,406,040.00. Following the sale, the executive vice president directly owned 80,025 shares of the company's stock, valued at approximately $6,876,548.25. This represents a 25.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Delta Air Lines Price Performance

NYSE:DAL traded up $4.43 during trading hours on Monday, reaching $91.64. 6,870,008 shares of the company's stock were exchanged, compared to its average volume of 8,447,141. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $60.29 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 1.56 and a beta of 1.43. Delta Air Lines, Inc. has a 12 month low of $55.27 and a 12 month high of $95.68. The business's 50-day simple moving average is $80.80 and its two-hundred day simple moving average is $77.12.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings results on Friday, October 9th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.05). Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. The company had revenue of $17.59 billion during the quarter, compared to the consensus estimate of $17.64 billion. During the same period in the prior year, the company posted $1.71 EPS. Delta Air Lines's quarterly revenue was up 21.1% on a year-over-year basis. Delta Air Lines has set its Q4 2026 guidance at 1.150-1.650 EPS and its FY 2026 guidance at 5.100-5.600 EPS. Sell-side analysts expect that Delta Air Lines, Inc. will post 5.34 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th were issued a dividend of $0.2150 per share. The ex-dividend date was Thursday, October 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.9%. Delta Air Lines's payout ratio is currently 17.17%.

Institutional Investors Weigh In On Delta Air Lines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAL. Markowski Investments bought a new stake in Delta Air Lines during the 2nd quarter worth about $27,000. Timbuktu Capital Management LLC acquired a new stake in Delta Air Lines in the 2nd quarter valued at about $31,000. Elevation Wealth Partners LLC raised its stake in shares of Delta Air Lines by 195.9% in the second quarter. Elevation Wealth Partners LLC now owns 358 shares of the transportation company's stock worth $34,000 after acquiring an additional 237 shares during the last quarter. Pension & Wealth Management Advisors Inc. bought a new position in shares of Delta Air Lines in the third quarter worth about $44,000. Finally, Atlas Wealth LLC bought a new position in shares of Delta Air Lines in the first quarter worth about $35,000. Hedge funds and other institutional investors own 69.93% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Sanford C. Bernstein decreased their price objective on shares of Delta Air Lines from $106.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, October 7th. Wells Fargo & Company cut their target price on shares of Delta Air Lines from $105.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 6th. The Goldman Sachs Group restated a "buy" rating on shares of Delta Air Lines in a report on Monday, August 3rd. BMO Capital Markets increased their target price on Delta Air Lines from $100.00 to $105.00 and gave the company an "outperform" rating in a report on Monday, October 12th. Finally, Zacks Research cut Delta Air Lines from a "hold" rating to a "strong sell" rating in a research report on Monday, September 28th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Delta Air Lines presently has an average rating of "Moderate Buy" and a consensus target price of $99.65.

Delta Air Lines Company Profile

Delta Air Lines is a U.S.-based airline that provides passenger and cargo transportation. It serves domestic and international destinations through its own flights and relationships with partner airlines, with major hubs including Atlanta, Detroit, Minneapolis–Saint Paul, New York, and Salt Lake City.

The company offers multiple cabin and fare options, including Delta One, First Class, Delta Comfort+ and Main Cabin. Its other businesses and services include Delta Cargo, the SkyMiles loyalty program, and aircraft maintenance and repair services through Delta TechOps.

Delta traces its roots to Huff Daland Dusters, an aerial crop-dusting company established in 1925, and began carrying passengers in 1929.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.