Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) President Glen W. Hauenstein sold 100,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total transaction of $4,905,000.00. Following the transaction, the president now directly owns 217,584 shares in the company, valued at approximately $10,672,495.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Delta Air Lines Price Performance
NYSE DAL opened at $49.24 on Wednesday. The company has a quick ratio of 0.36, a current ratio of 0.41 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $31.78 billion, a PE ratio of 6.33, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. The company has a 50 day moving average price of $44.51 and a two-hundred day moving average price of $39.95. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $49.81.
Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The business had revenue of $13.75 billion during the quarter, compared to analysts' expectations of $12.51 billion. During the same period in the previous year, the company earned $0.25 earnings per share. Delta Air Lines's revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts predict that Delta Air Lines, Inc. will post 6.52 earnings per share for the current fiscal year.
Delta Air Lines Announces Dividend
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The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines's payout ratio is currently 5.14%.
Analyst Upgrades and Downgrades
DAL has been the topic of a number of recent analyst reports. Susquehanna increased their price target on shares of Delta Air Lines from $47.00 to $54.00 and gave the stock a "positive" rating in a research note on Tuesday, April 9th. Bank of America increased their price objective on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Delta Air Lines from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, April 11th. StockNews.com lowered shares of Delta Air Lines from a "buy" rating to a "hold" rating in a research report on Thursday, February 22nd. Finally, UBS Group assumed coverage on shares of Delta Air Lines in a research report on Wednesday, March 20th. They issued a "buy" rating and a $59.00 price objective for the company. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of "Buy" and an average target price of $58.29.
Read Our Latest Stock Report on Delta Air Lines
Hedge Funds Weigh In On Delta Air Lines
Large investors have recently bought and sold shares of the stock. CWM LLC increased its position in shares of Delta Air Lines by 5.9% during the 3rd quarter. CWM LLC now owns 17,168 shares of the transportation company's stock worth $635,000 after purchasing an additional 958 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Delta Air Lines by 46.8% in the 3rd quarter. IFP Advisors Inc now owns 17,810 shares of the transportation company's stock valued at $661,000 after purchasing an additional 5,678 shares during the last quarter. DnB Asset Management AS boosted its stake in Delta Air Lines by 15.4% during the 3rd quarter. DnB Asset Management AS now owns 37,976 shares of the transportation company's stock worth $1,405,000 after acquiring an additional 5,069 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in Delta Air Lines by 30.4% during the 3rd quarter. Arkadios Wealth Advisors now owns 12,184 shares of the transportation company's stock worth $451,000 after acquiring an additional 2,841 shares during the last quarter. Finally, Carolina Wealth Advisors LLC boosted its stake in Delta Air Lines by 1,250,600.0% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 12,507 shares of the transportation company's stock worth $463,000 after acquiring an additional 12,506 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.
Delta Air Lines Company Profile
(
Get Free Report)
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.
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