Glen W. Hauenstein Sells 100,000 Shares of Delta Air Lines, Inc. (NYSE:DAL) Stock

Delta Air Lines, Inc. (NYSE:DAL) President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the transaction, the president now owns 217,584 shares in the company, valued at $10,672,495.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Delta Air Lines Stock Down 2.6 %

Shares of NYSE:DAL opened at $47.94 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $49.81. The company has a 50 day moving average of $44.65 and a two-hundred day moving average of $40.01. The company has a market capitalization of $30.94 billion, a price-to-earnings ratio of 6.16, a price-to-earnings-growth ratio of 0.73 and a beta of 1.43.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter last year, the company earned $0.25 earnings per share. Delta Air Lines’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, analysts forecast that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, February 26th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s payout ratio is currently 5.14%.

Institutional Trading of Delta Air Lines

A number of hedge funds have recently made changes to their positions in the stock. Capital International Investors grew its position in shares of Delta Air Lines by 8.8% during the fourth quarter. Capital International Investors now owns 20,936,699 shares of the transportation company’s stock worth $842,283,000 after buying an additional 1,689,053 shares in the last quarter. Capital World Investors grew its position in shares of Delta Air Lines by 0.5% during the fourth quarter. Capital World Investors now owns 14,981,124 shares of the transportation company’s stock worth $602,691,000 after buying an additional 79,818 shares in the last quarter. Morgan Stanley grew its position in shares of Delta Air Lines by 8.7% during the third quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company’s stock worth $401,048,000 after buying an additional 865,746 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Delta Air Lines by 220.2% during the fourth quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company’s stock worth $346,008,000 after buying an additional 5,914,301 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Delta Air Lines by 10.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,374,052 shares of the transportation company’s stock worth $336,908,000 after buying an additional 826,232 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Wall Street Analyst Weigh In

DAL has been the topic of several recent analyst reports. TheStreet upgraded shares of Delta Air Lines from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. Bank of America increased their price objective on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. UBS Group assumed coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price target on the stock. Finally, Susquehanna raised their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $58.29.

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.