Delta Air Lines, Inc. (NYSE:DAL) COO W Gilbert West sold 9,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $56.06, for a total value of $504,540.00. Following the completion of the transaction, the chief operating officer now directly owns 61,872 shares of the company’s stock, valued at approximately $3,468,544.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at $52.52 on Tuesday. Delta Air Lines, Inc. has a 52-week low of $43.81 and a 52-week high of $60.79. The company has a market cap of $37,450.00, a PE ratio of 10.63, a PEG ratio of 0.73 and a beta of 1.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.42.
Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. sell-side analysts expect that Delta Air Lines, Inc. will post 6.46 earnings per share for the current fiscal year.
DAL has been the subject of a number of recent analyst reports. Sanford C. Bernstein set a $67.00 target price on Delta Air Lines and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Stephens reissued a “buy” rating and issued a $72.00 target price on shares of Delta Air Lines in a research report on Wednesday, January 10th. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 target price (up previously from $75.00) on shares of Delta Air Lines in a research report on Wednesday, January 10th. Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Cowen boosted their target price on Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a research report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $65.53.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DAL. Macquarie Group Ltd. increased its position in shares of Delta Air Lines by 7.9% during the 2nd quarter. Macquarie Group Ltd. now owns 208,434 shares of the transportation company’s stock valued at $11,201,000 after purchasing an additional 15,319 shares during the last quarter. Shelton Capital Management purchased a new stake in shares of Delta Air Lines during the 2nd quarter valued at about $343,000. Janus Henderson Group PLC grew its stake in shares of Delta Air Lines by 70.2% during the 2nd quarter. Janus Henderson Group PLC now owns 43,445 shares of the transportation company’s stock valued at $2,335,000 after acquiring an additional 17,919 shares during the period. Maverick Capital Ltd. grew its stake in shares of Delta Air Lines by 140.6% during the 2nd quarter. Maverick Capital Ltd. now owns 32,600 shares of the transportation company’s stock valued at $1,752,000 after acquiring an additional 19,050 shares during the period. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Delta Air Lines by 205.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 68,825 shares of the transportation company’s stock valued at $3,699,000 after acquiring an additional 46,289 shares during the period. 85.09% of the stock is owned by hedge funds and other institutional investors.
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About Delta Air Lines
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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