Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) Director Willie Cw Chiang acquired 10,000 shares of the company's stock in a transaction dated Wednesday, May 1st. The stock was bought at an average cost of $49.50 per share, for a total transaction of $495,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company's stock, valued at $495,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Delta Air Lines Stock Up 1.0 %
DAL stock opened at $51.56 on Friday. Delta Air Lines, Inc. has a 52 week low of $30.60 and a 52 week high of $51.65. The business has a 50-day simple moving average of $45.79 and a 200 day simple moving average of $40.60. 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 company has a market cap of $33.00 billion, a PE ratio of 6.63, a price-to-earnings-growth ratio of 0.76 and a beta of 1.38.
Delta Air Lines (NYSE:DAL - Get Free Report) last issued its earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $13.75 billion during the quarter, compared to analysts' expectations of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS. Sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.55 EPS for the current fiscal year.
Delta Air Lines Announces Dividend
Claim Your Complimentary Bitcoin Reward
From Crypto Swap Profits | Ad
Many have already secured their free Bitcoin reward offered by our esteemed guest. How about you?
In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants.
Absolutely no strings attached.
Secure Your Spot Now
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.78%. The ex-dividend date is Monday, May 13th. Delta Air Lines's payout ratio is presently 5.14%.
Institutional Investors Weigh In On Delta Air Lines
A number of large investors have recently modified their holdings of DAL. Capital International Investors boosted its stake in shares of Delta Air Lines by 8.8% in the 4th 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 in the last quarter. Capital World Investors boosted its position in Delta Air Lines by 0.5% in the fourth quarter. Capital World Investors now owns 14,981,124 shares of the transportation company's stock valued at $602,691,000 after buying an additional 79,818 shares in the last quarter. Morgan Stanley grew its stake in shares of Delta Air Lines by 8.7% during the third quarter. Morgan Stanley now owns 10,839,122 shares of the transportation company's stock worth $401,048,000 after buying an additional 865,746 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Delta Air Lines by 10.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,374,052 shares of the transportation company's stock worth $336,908,000 after buying an additional 826,232 shares in the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have weighed in on DAL. Susquehanna increased their price target 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. StockNews.com lowered Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Thursday, February 22nd. Morgan Stanley restated an "overweight" rating and issued a $85.00 price target on shares of Delta Air Lines in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft increased their price objective on Delta Air Lines from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, April 11th. Finally, UBS Group began coverage on shares of Delta Air Lines in a research report on Wednesday, March 20th. They issued a "buy" rating and a $59.00 target price for the company. One research 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 company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $58.29.
Get Our Latest Research Report on Delta Air Lines
About Delta Air Lines
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
