John Laughter Sells 23,323 Shares of Delta Air Lines (NYSE:DAL) Stock

Key Points

• John Laughter, EVP of Delta Air Lines, sold 23,323 shares of the company stock for a total value of $1,453,722.59, reducing his position by 22.33%.
• The company's stock was trading down at $58.88, with a market capitalization of $38.45 billion and a current P/E ratio of 8.29.
• Delta Air Lines recently announced a quarterly dividend of $0.1875 per share, with an annualized dividend yield of 1.3%.

Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) EVP John Laughter sold 23,323 shares of the stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the sale, the executive vice president owned 81,109 shares in the company, valued at approximately $5,055,523.97. This trade represents a 22.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Delta Air Lines Stock Performance

DAL stock traded down $1.12 during trading hours on Thursday, hitting $58.88. 7,644,237 shares of the stock were exchanged, compared to its average volume of 10,235,435. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $38.45 billion, a P/E ratio of 8.29, a P/E/G ratio of 1.43 and a beta of 1.50. The company has a 50-day simple moving average of $59.60 and a two-hundred day simple moving average of $52.52. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. The firm had revenue of $8.40 billion for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%. On average, analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

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

Institutional Investors Weigh In On Delta Air Lines

Several hedge funds and other institutional investors have recently modified their holdings of DAL. Signature Resources Capital Management LLC bought a new stake in shares of Delta Air Lines in the second quarter valued at $25,000. NewSquare Capital LLC increased its stake in Delta Air Lines by 184.6% in the 2nd quarter. NewSquare Capital LLC now owns 572 shares of the transportation company's stock worth $28,000 after acquiring an additional 371 shares during the last quarter. Activest Wealth Management increased its stake in Delta Air Lines by 2,280.8% in the 2nd quarter. Activest Wealth Management now owns 619 shares of the transportation company's stock worth $30,000 after acquiring an additional 593 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in Delta Air Lines in the 1st quarter worth about $31,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Delta Air Lines in the 1st quarter worth about $33,000. Institutional investors own 69.93% of the company's stock.

Analysts Set New Price Targets

DAL has been the topic of several analyst reports. Evercore ISI increased their target price on Delta Air Lines from $70.00 to $75.00 and gave the stock an "outperform" rating in a report on Monday, September 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Delta Air Lines from $63.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, October 10th. Sanford C. Bernstein raised their price objective on Delta Air Lines from $71.00 to $74.00 and gave the company an "outperform" rating in a research note on Friday, October 10th. Bernstein Bank raised their price objective on Delta Air Lines from $60.00 to $66.00 and gave the company an "outperform" rating in a research note on Friday, July 11th. Finally, Susquehanna Bancshares raised their price objective on Delta Air Lines from $51.00 to $65.00 and gave the company a "positive" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating and twenty have issued a Buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $71.53.

Delta Air Lines Company Profile

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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