Steven M. Sear Sells 18,000 Shares of Delta Air Lines, Inc. (NYSE:DAL) Stock

Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) EVP Steven M. Sear sold 18,000 shares of Delta Air Lines stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $55.96, for a total value of $1,007,280.00. Following the transaction, the executive vice president directly owned 97,505 shares of the company's stock, valued at $5,456,379.80. This trade represents a 15.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Delta Air Lines Stock Up 1.4%

Shares of DAL traded up $0.78 during trading on Thursday, reaching $56.34. The company's stock had a trading volume of 7,933,694 shares, compared to its average volume of 9,882,753. The company has a fifty day moving average of $50.11 and a two-hundred day moving average of $52.62. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $69.98. The company has a market cap of $36.79 billion, a price-to-earnings ratio of 8.16, a P/E/G ratio of 1.73 and a beta of 1.49. The company has a quick ratio of 0.33, a current ratio of 0.38 and a debt-to-equity ratio of 0.74.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Thursday, July 10th. The transportation company reported $2.10 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $16.16 billion. During the same period in the previous year, the business earned $2.36 EPS. The business's quarterly revenue was down .1% on a year-over-year basis. On average, sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, July 31st will be paid a dividend of $0.1875 per share. This is an increase from Delta Air Lines's previous quarterly dividend of $0.15. This represents a $0.75 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, July 31st. Delta Air Lines's dividend payout ratio is presently 10.87%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DAL shares. Susquehanna set a $65.00 price target on Delta Air Lines and gave the stock a "positive" rating in a research note on Friday, July 11th. Wolfe Research lifted their price objective on Delta Air Lines from $56.00 to $63.00 in a research report on Monday. Susquehanna Bancshares lifted their price objective on Delta Air Lines from $51.00 to $65.00 and gave the stock a "positive" rating in a research report on Friday, July 11th. Dbs Bank cut Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Jefferies Financial Group lifted their price objective on Delta Air Lines from $56.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of "Moderate Buy" and an average price target of $66.21.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Signature Resources Capital Management LLC bought a new position in shares of Delta Air Lines in the second quarter worth $25,000. Kayne Anderson Rudnick Investment Management LLC lifted 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 valued at $32,000 after purchasing an additional 431 shares during the last quarter. Graney & King LLC purchased a new stake in Delta Air Lines in the 4th quarter worth about $34,000. Continuum Advisory LLC lifted its stake in Delta Air Lines by 44.2% in the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock worth $35,000 after acquiring an additional 179 shares in the last quarter. Finally, Wealth Preservation Advisors LLC purchased a new stake in Delta Air Lines in the 1st quarter worth about $31,000. Institutional investors 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.