Delta Air Lines, Inc. (NYSE:DAL) insider Steven M. Sear sold 10,783 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $56.05, for a total value of $604,387.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Delta Air Lines, Inc. (NYSE DAL) opened at $55.86 on Thursday. Delta Air Lines, Inc. has a 1-year low of $43.81 and a 1-year high of $56.84. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36. The firm has a market capitalization of $39,830.00, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.79 and a beta of 1.30.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, topping 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 firm had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $11.03 billion. During the same quarter last year, the company earned $1.70 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. equities research analysts forecast that Delta Air Lines, Inc. will post 4.89 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of DAL. Investec Asset Management LTD bought a new position in shares of Delta Air Lines in the third quarter worth about $157,977,000. TIAA CREF Investment Management LLC raised its stake in shares of Delta Air Lines by 77.6% in the second quarter. TIAA CREF Investment Management LLC now owns 5,364,934 shares of the transportation company’s stock worth $288,312,000 after buying an additional 2,343,531 shares during the period. PointState Capital LP bought a new position in shares of Delta Air Lines in the second quarter worth about $106,866,000. Anchor Bolt Capital LP bought a new position in shares of Delta Air Lines in the third quarter worth about $68,141,000. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Delta Air Lines by 140.9% in the second quarter. Parametric Portfolio Associates LLC now owns 2,414,031 shares of the transportation company’s stock worth $129,730,000 after buying an additional 1,412,117 shares during the period. 85.01% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on DAL shares. Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Cowen increased their price objective on Delta Air Lines from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, December 15th. ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $57.00 price objective (up from $56.00) on shares of Delta Air Lines in a research report on Wednesday, October 4th. Finally, Vetr cut Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price objective on the stock. in a research report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $65.00.
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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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