Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) EVP Allison C. Ausband sold 7,510 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the transaction, the executive vice president now owns 58,897 shares of the company's stock, valued at approximately $3,688,130.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Delta Air Lines Trading Down 3.0 %
NYSE DAL opened at $60.44 on Friday. The stock has a market capitalization of $39.00 billion, a P/E ratio of 8.39, a P/E/G ratio of 1.07 and a beta of 1.33. The business has a 50 day simple moving average of $50.12 and a 200 day simple moving average of $48.04. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34. Delta Air Lines, Inc. has a one year low of $33.31 and a one year high of $62.66.
Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings data on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The company had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter in the prior year, the firm earned $2.03 EPS. The business's revenue was up 1.2% compared to the same quarter last year. Research analysts expect that Delta Air Lines, Inc. will post 6.12 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Thursday, October 10th. Delta Air Lines's payout ratio is 8.33%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC bought a new position in Delta Air Lines in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in Delta Air Lines during the 3rd quarter worth approximately $31,000. Kimelman & Baird LLC purchased a new stake in shares of Delta Air Lines in the second quarter worth approximately $31,000. Unique Wealth Strategies LLC bought a new position in shares of Delta Air Lines in the second quarter valued at approximately $40,000. Finally, Quarry LP purchased a new position in shares of Delta Air Lines during the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 69.93% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Barclays increased their price target on Delta Air Lines from $52.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. Sanford C. Bernstein boosted their price target on Delta Air Lines from $62.00 to $65.00 and gave the stock an "outperform" rating in a report on Tuesday, October 8th. BNP Paribas upgraded shares of Delta Air Lines to a "strong-buy" rating in a report on Thursday, September 19th. JPMorgan Chase & Co. lifted their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. Finally, Susquehanna upped their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a "positive" rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $65.40.
View Our Latest Analysis on Delta Air Lines
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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