Peter W. Carter Sells 17,550 Shares of Delta Air Lines, Inc. (NYSE:DAL) Stock

Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) EVP Peter W. Carter sold 17,550 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $57.19, for a total value of $1,003,684.50. Following the transaction, the executive vice president directly owned 191,442 shares in the company, valued at approximately $10,948,567.98. This trade represents a 8.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Delta Air Lines Trading Up 1.4%

NYSE:DAL traded up $0.78 during trading hours on Thursday, hitting $56.34. 7,933,694 shares of the company were exchanged, compared to its average volume of 9,882,753. The stock has a market capitalization of $36.79 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 1.73 and a beta of 1.49. The company has a current ratio of 0.38, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98. The company has a fifty day simple moving average of $50.11 and a 200 day simple moving average of $52.62.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.09. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%. The business had revenue of $15,507,000 billion during the quarter, compared to analyst estimates of $16.16 billion. During the same period last year, the company earned $2.36 EPS. Delta Air Lines's revenue for the quarter was down .1% compared to the same quarter last year. Sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, July 31st will be given a $0.1875 dividend. The ex-dividend date is Thursday, July 31st. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. This represents a $0.75 annualized dividend and a dividend yield of 1.33%. Delta Air Lines's dividend payout ratio (DPR) is 10.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Dbs Bank downgraded Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. UBS Group set a $72.00 target price on Delta Air Lines in a research report on Friday, July 11th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Delta Air Lines in a research report on Friday, July 11th. Bernstein Bank upped their target price on Delta Air Lines from $60.00 to $66.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. Finally, Morgan Stanley upped their target price on Delta Air Lines from $88.00 to $90.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines presently has an average rating of "Moderate Buy" and a consensus target price of $66.21.

Hedge Funds Weigh In On Delta Air Lines

Hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in shares of Delta Air Lines by 33.5% during the 4th quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company's stock worth $555,000 after buying an additional 2,302 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Delta Air Lines by 4.4% in the 4th quarter. Natixis Advisors LLC now owns 176,560 shares of the transportation company's stock worth $10,682,000 after purchasing an additional 7,504 shares during the period. Harbour Investments Inc. raised its holdings in shares of Delta Air Lines by 3.5% in the 4th quarter. Harbour Investments Inc. now owns 9,438 shares of the transportation company's stock worth $571,000 after purchasing an additional 317 shares during the period. GLOBALT Investments LLC GA bought a new stake in shares of Delta Air Lines in the 4th quarter worth approximately $718,000. Finally, Cibc World Markets Corp raised its holdings in shares of Delta Air Lines by 34.5% in the 4th quarter. Cibc World Markets Corp now owns 79,449 shares of the transportation company's stock worth $4,807,000 after purchasing an additional 20,371 shares during the period. Institutional investors and hedge funds own 69.93% of the company's stock.

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.