Delta Air Lines, Inc. (NYSE:DAL) EVP Joanne D. Smith sold 33,863 shares of the stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $53.61, for a total transaction of $1,815,395.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Delta Air Lines, Inc. (NYSE:DAL) opened at 50.56 on Friday. The firm has a market cap of $36.20 billion, a P/E ratio of 10.16 and a beta of 1.24. The company has a 50-day moving average of $50.24 and a 200 day moving average of $49.94. Delta Air Lines, Inc. has a 52 week low of $40.92 and a 52 week high of $55.75.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.53 by $0.04. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $11.03 billion. During the same period in the prior year, the business posted $1.70 earnings per share. Delta Air Lines’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.
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DAL has been the subject of several research analyst reports. Bank of America Corporation increased their target price on shares of Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. Stifel Nicolaus reissued a “buy” rating and set a $80.00 price target (up previously from $75.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Deutsche Bank AG reissued a “buy” rating and set a $62.00 price target (up previously from $58.00) on shares of Delta Air Lines in a research report on Friday, July 14th. ValuEngine cut shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, Vetr raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $56.43 price objective on the stock in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $63.84.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. YorkBridge Wealth Partners LLC lifted its holdings in shares of Delta Air Lines by 39.2% during the third quarter. YorkBridge Wealth Partners LLC now owns 12,842 shares of the transportation company’s stock valued at $619,000 after purchasing an additional 3,615 shares during the last quarter. Linscomb & Williams Inc. purchased a new stake in Delta Air Lines in the 3rd quarter worth about $229,000. Parametrica Management Ltd purchased a new stake in Delta Air Lines in the 3rd quarter worth about $712,000. Victory Capital Management Inc. lifted its stake in Delta Air Lines by 15.6% in the 3rd quarter. Victory Capital Management Inc. now owns 42,951 shares of the transportation company’s stock worth $2,071,000 after acquiring an additional 5,791 shares in the last quarter. Finally, Intact Investment Management Inc. lifted its stake in Delta Air Lines by 15.0% in the 3rd quarter. Intact Investment Management Inc. now owns 35,200 shares of the transportation company’s stock worth $1,698,000 after acquiring an additional 4,600 shares in the last quarter. 87.56% of the stock is owned by institutional investors and hedge funds.
Delta Air Lines Company Profile
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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