Delta Air Lines (NYSE:DAL) Stock: Insider Peter Carter Sells 44,950 Shares

Delta Air Lines, Inc. (NYSE:DAL) President Peter Carter sold 44,950 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $89.29, for a total transaction of $4,013,585.50. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Delta Air Lines Trading Up 2.3%

Shares of Delta Air Lines stock traded up $2.00 during mid-day trading on Friday, hitting $87.36. 6,120,664 shares of the stock were exchanged, compared to its average volume of 8,454,521. Delta Air Lines, Inc. has a twelve month low of $55.27 and a twelve month high of $95.68. The stock 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 company has a 50-day simple moving average of $80.67 and a 200 day simple moving average of $77.02. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42.

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

Delta Air Lines Dividend Announcement

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

Analysts Set New Price Targets

DAL has been the topic of a number of recent analyst reports. Citigroup increased their price target on Delta Air Lines from $106.00 to $110.00 and gave the stock a “buy” rating in a research note on Sunday, July 12th. The Goldman Sachs Group restated a “buy” rating on shares of Delta Air Lines in a report on Monday, August 3rd. UBS Group lowered their price objective on Delta Air Lines from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Monday, October 12th. Barclays dropped their target price on Delta Air Lines from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Friday, September 11th. Finally, Sanford C. Bernstein reduced their target price on Delta Air Lines from $106.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. Twenty-two equities research 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.65.

Institutional Trading of Delta Air Lines

A number of institutional investors and hedge funds have recently made changes to their positions in DAL. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Delta Air Lines during the second quarter valued at about $28,829,000. TD Waterhouse Canada Inc. increased its stake in Delta Air Lines by 646.6% during the second quarter. TD Waterhouse Canada Inc. now owns 45,161 shares of the transportation company’s stock worth $4,207,000 after acquiring an additional 39,112 shares during the last quarter. Bessemer Group Inc. increased its stake in Delta Air Lines by 105.3% during the first quarter. Bessemer Group Inc. now owns 39,018 shares of the transportation company’s stock worth $2,595,000 after acquiring an additional 20,012 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Delta Air Lines by 45.1% in the 2nd quarter. Baird Financial Group Inc. now owns 449,986 shares of the transportation company’s stock worth $42,146,000 after purchasing an additional 139,799 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of Delta Air Lines by 102.3% in the 1st quarter. NewEdge Advisors LLC now owns 105,966 shares of the transportation company’s stock worth $7,045,000 after purchasing an additional 53,581 shares during the period. 69.93% of the stock is currently owned by institutional investors and hedge funds.

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.