Rep. Jefferson Shreve Sells Delta Air Lines, Inc. (NYSE:DAL) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of Delta Air Lines, Inc. NYSE: DAL. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Delta Air Lines stock on May 12th.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Delta Air Lines Stock Performance

Delta Air Lines stock traded up $0.13 during midday trading on Friday, reaching $54.84. 6,754,145 shares of the company traded hands, compared to its average volume of 11,174,072. The firm has a market capitalization of $35.81 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 1.74 and a beta of 1.49. The business has a 50 day moving average of $50.77 and a two-hundred day moving average of $52.45. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.33.

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

Delta Air Lines Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, July 31st will be issued a dividend of $0.1875 per share. This is a boost from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, July 31st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.37%. Delta Air Lines's dividend payout ratio is presently 8.70%.

Insider Activity at Delta Air Lines

In related news, EVP Peter W. Carter sold 17,550 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $57.19, for a total transaction 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. The trade was a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Alain Bellemare sold 45,423 shares of the company's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $55.56, for a total transaction of $2,523,701.88. Following the completion of the transaction, the executive vice president owned 131,731 shares in the company, valued at approximately $7,318,974.36. This represents a 25.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 133,973 shares of company stock worth $7,511,746 in the last ninety days. 0.88% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Bernstein Bank raised their price objective on shares of Delta Air Lines from $60.00 to $66.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. Sanford C. Bernstein restated an "outperform" rating on shares of Delta Air Lines in a research report on Friday, July 11th. Morgan Stanley raised their target price on shares of Delta Air Lines from $88.00 to $90.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Raymond James Financial raised their target price on shares of Delta Air Lines from $60.00 to $68.00 in a research note on Friday, July 11th. Finally, HSBC raised their target price on shares of Delta Air Lines from $64.00 to $69.20 in a research note on Friday, July 11th. Three investment 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $66.21.

Institutional Trading of Delta Air Lines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC purchased a new position in shares of Delta Air Lines during the second quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Delta Air Lines during the first quarter worth $31,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Delta Air Lines by 414.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in Delta Air Lines in the first quarter valued at $33,000. Finally, Graney & King LLC purchased a new position in Delta Air Lines in the fourth quarter valued at $34,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.