Traders Sell Shares of Delta Air Lines (DAL) on Strength After Insider Selling

Investors sold shares of Delta Air Lines, Inc. (NYSE:DAL) on strength during trading hours on Monday following insider selling activity. $76.41 million flowed into the stock on the tick-up and $105.61 million flowed out of the stock on the tick-down, for a money net flow of $29.20 million out of the stock. Of all stocks tracked, Delta Air Lines had the 0th highest net out-flow for the day. Delta Air Lines traded up $0.85 for the day and closed at $52.91Specifically, CEO Edward H. Bastian sold 20,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $52.79, for a total transaction of $1,055,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joanne D. Smith sold 33,863 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $53.61, for a total transaction of $1,815,395.43. The disclosure for this sale can be found here. In the last ninety days, insiders sold 239,810 shares of company stock valued at $12,684,903. 0.37% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on DAL shares. Deutsche Bank cut their price objective on shares of Delta Air Lines from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, September 6th. BidaskClub downgraded shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research raised shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Morgan Stanley reissued an “overweight” rating on shares of Delta Air Lines in a research report on Tuesday, September 12th. Finally, Cowen reissued a “buy” rating and set a $60.00 price objective on shares of Delta Air Lines in a research report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Delta Air Lines presently has a consensus rating of “Buy” and an average price target of $63.39.

The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $37,800.00, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 1.58 and a beta of 1.28.

Delta Air Lines (NYSE:DAL) last released its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The company had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $11.03 billion. During the same quarter in the previous year, the company earned $1.70 EPS. Delta Air Lines’s revenue for the quarter was up 5.5% on a year-over-year basis. equities research analysts forecast that Delta Air Lines, Inc. will post 5 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be paid a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, November 16th. Delta Air Lines’s dividend payout ratio (DPR) is 24.45%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Roundview Capital LLC lifted its stake in Delta Air Lines by 0.3% in the 2nd quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock worth $275,000 after purchasing an additional 15 shares in the last quarter. Traynor Capital Management Inc. lifted its stake in Delta Air Lines by 1.2% in the 2nd quarter. Traynor Capital Management Inc. now owns 4,911 shares of the transportation company’s stock worth $246,000 after purchasing an additional 58 shares in the last quarter. MUFG Securities EMEA plc lifted its stake in Delta Air Lines by 1.2% in the 2nd quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock worth $285,000 after purchasing an additional 65 shares in the last quarter. Advisory Services Network LLC lifted its stake in Delta Air Lines by 3.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after purchasing an additional 75 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT lifted its stake in Delta Air Lines by 0.3% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 44,398 shares of the transportation company’s stock worth $2,386,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 85.24% of the company’s stock.

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About Delta Air Lines

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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