Delta Air Lines, Inc. (NYSE:DAL) Director Francis S. Blake bought 3,350 shares of the stock in a transaction on Friday, January 12th. The shares were purchased at an average price of $59.76 per share, with a total value of $200,196.00. Following the acquisition, the director now owns 33,520 shares in the company, valued at approximately $2,003,155.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Delta Air Lines, Inc. (NYSE DAL) traded up $1.31 during midday trading on Friday, hitting $59.83. The stock had a trading volume of 12,264,521 shares, compared to its average volume of 8,160,000. The company has a market cap of $42,660.00, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.79 and a beta of 1.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36. Delta Air Lines, Inc. has a 12 month low of $43.81 and a 12 month high of $60.50.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.08. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. Delta Air Lines’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 EPS. sell-side analysts anticipate that Delta Air Lines, Inc. will post 4.89 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Delta Air Lines by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 44,951,865 shares of the transportation company’s stock valued at $2,415,714,000 after acquiring an additional 274,997 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Delta Air Lines by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 7,821,694 shares of the transportation company’s stock worth $377,169,000 after purchasing an additional 250,731 shares during the period. APG Asset Management N.V. grew its holdings in Delta Air Lines by 12.3% during the third quarter. APG Asset Management N.V. now owns 4,100,199 shares of the transportation company’s stock worth $197,712,000 after purchasing an additional 449,700 shares during the period. Alyeska Investment Group L.P. grew its holdings in Delta Air Lines by 35.8% during the third quarter. Alyeska Investment Group L.P. now owns 4,003,366 shares of the transportation company’s stock worth $193,042,000 after purchasing an additional 1,055,182 shares during the period. Finally, Carmignac Gestion grew its holdings in Delta Air Lines by 0.3% during the second quarter. Carmignac Gestion now owns 3,936,189 shares of the transportation company’s stock worth $211,531,000 after purchasing an additional 12,800 shares during the period. Institutional investors own 85.01% of the company’s stock.
A number of equities analysts have issued reports on the company. Imperial Capital set a $65.00 target price on Delta Air Lines and gave the stock an “outperform” rating in a report on Friday. Sanford C. Bernstein set a $67.00 target price on Delta Air Lines and gave the stock a “buy” rating in a report on Wednesday. Stephens reiterated a “buy” rating and set a $72.00 target price on shares of Delta Air Lines in a report on Wednesday. Stifel Nicolaus reiterated a “buy” rating and set a $85.00 target price (up previously from $75.00) on shares of Delta Air Lines in a report on Wednesday. Finally, Vetr upgraded Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 target price for the company in a report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $65.53.
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Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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