Delta Air Lines (NYSE:DAL) President Sells $4,013,585.50 in Stock

Key Points

• Delta President Peter Carter sold 44,950 shares for about $4.01 million, cutting his stake by 10.58%; he still owns 379,754 shares.
• Delta’s latest quarter slightly missed estimates, reporting $1.72 EPS and $17.59 billion in revenue, though revenue rose 21.1% year over year. The company guided to full-year 2026 EPS of $5.10–$5.60.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $99.65.

Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) President Peter Carter sold 44,950 shares of the company's stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $89.29, for a total value of $4,013,585.50. Following the sale, the president owned 379,754 shares in the company, valued at approximately $33,908,234.66. This trade represents a 10.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Delta Air Lines Stock Up 2.3%

DAL stock traded up $2.00 during mid-day trading on Friday, reaching $87.36. The company had a trading volume of 6,120,664 shares, compared to its average volume of 8,454,521. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.40. The company has a market capitalization of $57.48 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 1.59 and a beta of 1.43. The firm has a fifty day simple moving average of $80.67 and a 200 day simple moving average of $77.02. Delta Air Lines, Inc. has a fifty-two week low of $55.27 and a fifty-two week high of $95.68.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its quarterly earnings data on Friday, October 9th. The transportation company reported $1.72 EPS for the quarter, missing analysts' consensus estimates of $1.77 by ($0.05). Delta Air Lines had a return on equity of 16.83% and a net margin of 4.58%. The company had revenue of $17.59 billion for the quarter, compared to analyst estimates of $17.64 billion. During the same period in the prior year, the firm posted $1.71 earnings per share. The business's quarterly revenue was up 21.1% compared to the same quarter last year. 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. Analysts forecast that Delta Air Lines, Inc. will post 5.34 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 5th. Shareholders of record on Thursday, October 15th were given a $0.2150 dividend. The ex-dividend date of this dividend was Thursday, October 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. Delta Air Lines's dividend payout ratio is currently 17.17%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Zacks Research downgraded Delta Air Lines from a "hold" rating to a "strong sell" rating in a report on Monday, September 28th. Barclays dropped their price objective on Delta Air Lines from $105.00 to $95.00 and set an "overweight" rating on the stock in a report on Friday, September 11th. JPMorgan Chase & Co. raised their target price on Delta Air Lines from $85.00 to $114.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Susquehanna decreased their target price on Delta Air Lines from $100.00 to $95.00 and set a "positive" rating for the company in a research note on Monday, October 12th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $100.00 price target on shares of Delta Air Lines in a report on Wednesday, October 7th. Twenty-two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Delta Air Lines currently has a consensus rating of "Moderate Buy" and an average target price of $99.65.

Hedge Funds Weigh In On Delta Air Lines

Several hedge funds have recently made changes to their positions in DAL. Allworth Financial LP increased its stake in shares of Delta Air Lines by 80.8% during the 3rd quarter. Allworth Financial LP now owns 94,396 shares of the transportation company's stock worth $7,878,000 after purchasing an additional 42,200 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Delta Air Lines by 4.5% in the 3rd quarter. Fisher Asset Management LLC now owns 4,434 shares of the transportation company's stock valued at $370,000 after buying an additional 190 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Delta Air Lines by 19.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,156,301 shares of the transportation company's stock valued at $263,572,000 after buying an additional 513,777 shares in the last quarter. Ariadne Wealth Management LP acquired a new stake in Delta Air Lines during the 3rd quarter valued at $273,000. Finally, Eurizon Capital SGR S.p.A. grew its holdings in Delta Air Lines by 10.0% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 26,647 shares of the transportation company's stock valued at $2,229,000 after buying an additional 2,412 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Delta Air Lines Company Profile

Delta Air Lines, Inc is a major U.S. airline headquartered in Atlanta, Georgia. The company provides scheduled passenger air transportation to destinations across the United States and international markets, including Europe, Latin America, Asia, Canada, Africa and the Caribbean. Delta operates through a network of hubs and focus cities, offering service under the Delta brand and through regional partners operating as Delta Connection.

In addition to passenger flights, Delta provides air cargo transportation and related logistics services.

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