Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) EVP Peter W. Carter sold 50,000 shares of the company's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $50.00, for a total transaction of $2,500,000.00. Following the completion of the sale, the executive vice president now directly owns 143,328 shares of the company's stock, valued at $7,166,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Delta Air Lines Trading Down 0.7 %
NYSE DAL opened at $50.09 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 firm has a 50-day moving average price of $45.42 and a 200 day moving average price of $40.46. Delta Air Lines, Inc. has a 52-week low of $30.60 and a 52-week high of $50.74. The stock has a market capitalization of $32.32 billion, a P/E ratio of 6.44, a P/E/G ratio of 0.75 and a beta of 1.43.
Delta Air Lines (NYSE:DAL - Get Free Report) last issued its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. During the same period in the prior year, the business posted $0.25 earnings per share. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts expect that Delta Air Lines, Inc. will post 6.52 EPS for the current year.
Delta Air Lines Dividend Announcement
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The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, May 13th. This represents a $0.40 annualized dividend and a yield of 0.80%. Delta Air Lines's payout ratio is currently 5.14%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on DAL shares. TheStreet raised shares of Delta Air Lines from a "c+" rating to a "b-" rating in a report on Thursday, January 4th. Susquehanna upped their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a "positive" rating in a report on Tuesday, April 9th. UBS Group started coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They issued a "buy" rating and a $59.00 target price for the company. StockNews.com cut shares of Delta Air Lines from a "buy" rating to a "hold" rating in a report on Thursday, February 22nd. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $85.00 target price on shares of Delta Air Lines in a report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $58.29.
Get Our Latest Analysis on Delta Air Lines
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in DAL. Wellington Management Group LLP grew its position in Delta Air Lines by 220.2% during the fourth quarter. Wellington Management Group LLP now owns 8,600,741 shares of the transportation company's stock worth $346,008,000 after buying an additional 5,914,301 shares during the period. Capital International Investors grew its position in shares of Delta Air Lines by 8.8% in the fourth quarter. Capital International Investors now owns 20,936,699 shares of the transportation company's stock valued at $842,283,000 after purchasing an additional 1,689,053 shares during the last quarter. Norges Bank acquired a new stake in shares of Delta Air Lines in the fourth quarter valued at approximately $65,056,000. Jennison Associates LLC grew its position in shares of Delta Air Lines by 145.2% in the fourth quarter. Jennison Associates LLC now owns 2,618,627 shares of the transportation company's stock valued at $105,347,000 after purchasing an additional 1,550,770 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its position in shares of Delta Air Lines by 27.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 6,467,749 shares of the transportation company's stock valued at $260,198,000 after purchasing an additional 1,376,221 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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