Allison Ausband Sells 5,000 Shares of Delta Air Lines (NYSE:DAL) Stock

by · The Cerbat Gem

Delta Air Lines, Inc. (NYSE:DAL – Get Free Report) EVP Allison Ausband sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $79.00, for a total transaction of $395,000.00. Following the completion of the sale, the executive vice president directly owned 133,854 shares of the company’s stock, valued at approximately $10,574,466. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Delta Air Lines Stock Up 0.0%

NYSE:DAL opened at $82.49 on Friday. Delta Air Lines, Inc. has a 1-year low of $45.28 and a 1-year high of $83.83. The company has a 50-day moving average of $70.15 and a 200 day moving average of $67.99. The firm has a market cap of $54.20 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 1.19 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.42 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL – Get Free Report) last released its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.05 billion. During the same period in the prior year, the firm earned $0.46 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, research analysts anticipate that Delta Air Lines, Inc. will post 5.26 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, May 14th. Delta Air Lines’s dividend payout ratio is presently 10.93%.

Hedge Funds Weigh In On Delta Air Lines

Hedge funds have recently modified their holdings of the stock. AlphaQuest LLC increased its holdings in shares of Delta Air Lines by 90.6% during the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 211 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of Delta Air Lines during the fourth quarter valued at about $31,000. Camelot Portfolios LLC acquired a new position in shares of Delta Air Lines during the fourth quarter valued at about $34,000. Accredited Wealth Management LLC increased its holdings in shares of Delta Air Lines by 1,983.3% during the third quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 476 shares in the last quarter. Finally, Byrne Asset Management LLC acquired a new position in Delta Air Lines in the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 69.93% of the company’s stock.

Key Headlines Impacting Delta Air Lines

Here are the key news stories impacting Delta Air Lines this week:

  • Positive Sentiment: TD Cowen raised its price target on Delta Air Lines from $84 to $92 and reiterated a buy rating, reinforcing expectations for further upside in the shares. TD Cowen price target update
  • Positive Sentiment: Airline stocks are benefiting from strong travel demand and a more favorable fuel-cost backdrop as oil prices have eased from recent highs, which can help Delta’s margins. Air travel demand and airfare article
  • Positive Sentiment: Recent market coverage highlighted that Delta shares have been supported by analyst upgrades and higher price targets, reflecting improving confidence in the company’s earnings outlook. Delta stock is up article
  • Neutral Sentiment: Delta’s CEO defended the carrier’s choice of Amazon’s in-flight Wi-Fi service over SpaceX Starlink, a strategic decision that may matter competitively but is not an immediate financial catalyst. Delta Wi-Fi strategy article
  • Negative Sentiment: Two recent insider sales by Delta executives, including EVP Allison Ausband and EVP Alain Bellemare, may modestly pressure sentiment even though insider selling is not always a fundamental red flag. Ausband SEC filing Bellemare SEC filing

Analysts Set New Price Targets

Several research firms have commented on DAL. Evercore reissued an “outperform” rating and set a $85.00 price target on shares of Delta Air Lines in a research report on Friday, April 17th. Wells Fargo & Company decreased their price target on shares of Delta Air Lines from $87.00 to $75.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Bank of America decreased their price target on shares of Delta Air Lines from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Sanford C. Bernstein increased their price target on shares of Delta Air Lines from $81.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Finally, Weiss Ratings lowered shares of Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.22.

Check Out Our Latest Stock Analysis on DAL

Delta Air Lines Company Profile

(Get Free Report)

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.

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