William C. Carroll Sells 6,783 Shares of Delta Air Lines, Inc. (NYSE:DAL) Stock

Delta Air Lines, Inc. (NYSE:DAL) SVP William C. Carroll sold 6,783 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the transaction, the senior vice president now owns 10,016 shares in the company, valued at $660,455.04. The trade was a 40.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Delta Air Lines Trading Up 3.9 %

Shares of DAL traded up $2.62 during midday trading on Tuesday, hitting $69.10. 7,779,865 shares of the stock were exchanged, compared to its average volume of 8,575,602. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The firm has a market cap of $44.59 billion, a P/E ratio of 12.96, a P/E/G ratio of 0.78 and a beta of 1.36. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98. The stock has a fifty day simple moving average of $63.63 and a 200 day simple moving average of $54.24.

Delta Air Lines (NYSE:DAL) last released its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.09. The company had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. Delta Air Lines’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.28 EPS. On average, research analysts anticipate that Delta Air Lines, Inc. will post 7.67 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. UBS Group restated a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Jefferies Financial Group lifted their price target on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Susquehanna upped their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Finally, StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $78.22.

Institutional Investors Weigh In On Delta Air Lines

Several large investors have recently added to or reduced their stakes in DAL. Sanders Capital LLC grew its position in shares of Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock worth $1,414,074,000 after buying an additional 749,099 shares in the last quarter. Geode Capital Management LLC grew its holdings in Delta Air Lines by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after acquiring an additional 416,338 shares in the last quarter. Pzena Investment Management LLC purchased a new stake in shares of Delta Air Lines in the 3rd quarter valued at approximately $281,206,000. Castle Hook Partners LP purchased a new stake in shares of Delta Air Lines in the 3rd quarter valued at approximately $189,296,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Delta Air Lines by 8.4% in the 4th quarter. Bank of New York Mellon Corp now owns 3,544,750 shares of the transportation company’s stock valued at $214,457,000 after purchasing an additional 274,067 shares in the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

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.