Delta Air Lines, Inc. (NYSE:DAL) COO W Gilbert West sold 21,000 shares of the company’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $50.49, for a total value of $1,060,290.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of NYSE DAL traded up $0.14 during mid-day trading on Monday, reaching $50.61. 6,720,892 shares of the company’s stock were exchanged, compared to its average volume of 8,688,250. The stock has a market cap of $34.60 billion, a PE ratio of 8.96, a P/E/G ratio of 0.58 and a beta of 1.11. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 1.03. Delta Air Lines, Inc. has a 52-week low of $45.08 and a 52-week high of $61.32.
Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Tuesday, January 15th. The transportation company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The business had revenue of $10.74 billion during the quarter, compared to analysts’ expectations of $10.71 billion. Delta Air Lines had a return on equity of 29.43% and a net margin of 8.78%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 EPS. Research analysts predict that Delta Air Lines, Inc. will post 6.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Thursday, February 28th. Delta Air Lines’s dividend payout ratio is presently 24.78%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DAL. Lindbrook Capital LLC purchased a new position in Delta Air Lines during the 4th quarter valued at about $27,000. Dubuque Bank & Trust Co. boosted its holdings in Delta Air Lines by 2,920.0% during the 4th quarter. Dubuque Bank & Trust Co. now owns 755 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 730 shares during the period. JNBA Financial Advisors boosted its holdings in Delta Air Lines by 165.9% during the 4th quarter. JNBA Financial Advisors now owns 803 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 501 shares during the period. Csenge Advisory Group purchased a new position in Delta Air Lines during the 3rd quarter valued at about $42,000. Finally, Athena Capital Advisors LLC purchased a new position in Delta Air Lines during the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 89.33% of the company’s stock.
Several analysts have issued reports on the company. Zacks Investment Research cut Delta Air Lines from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. Vertical Research assumed coverage on Delta Air Lines in a report on Monday, February 4th. They issued a “hold” rating for the company. Credit Suisse Group set a $67.00 target price on Delta Air Lines and gave the company a “buy” rating in a report on Wednesday, January 16th. Bank of America cut Delta Air Lines from a “buy” rating to a “neutral” rating and dropped their target price for the company from $62.00 to $51.00 in a report on Monday, January 14th. Finally, Stephens restated a “buy” rating on shares of Delta Air Lines in a report on Sunday, January 6th. Five investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Delta Air Lines presently has a consensus rating of “Buy” and a consensus price target of $67.22.
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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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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