Delta Air Lines, Inc. (NYSE:DAL) EVP Sells $50,511.00 in Stock

Delta Air Lines, Inc. (NYSE:DAL) EVP Joanne D. Smith sold 894 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $56.50, for a total transaction of $50,511.00. Following the completion of the transaction, the executive vice president now owns 72,393 shares in the company, valued at approximately $4,090,204.50. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at $58.52 on Friday. The firm has a market cap of $41,720.00, a P/E ratio of 11.73, a P/E/G ratio of 1.79 and a beta of 1.30. Delta Air Lines, Inc. has a 1-year low of $43.81 and a 1-year high of $59.20. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, January 10th. The transportation company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. equities research analysts predict that Delta Air Lines, Inc. will post 4.89 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Mutual of America Capital Management LLC lifted its position in Delta Air Lines by 68.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 151,376 shares of the transportation company’s stock worth $7,299,000 after buying an additional 61,298 shares in the last quarter. State of Tennessee Treasury Department lifted its position in Delta Air Lines by 78.0% in the 2nd quarter. State of Tennessee Treasury Department now owns 713,955 shares of the transportation company’s stock worth $38,368,000 after buying an additional 312,863 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Delta Air Lines by 57.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,036 shares of the transportation company’s stock worth $6,236,000 after buying an additional 42,150 shares in the last quarter. First Republic Investment Management Inc. lifted its position in Delta Air Lines by 13.5% in the 3rd quarter. First Republic Investment Management Inc. now owns 215,189 shares of the transportation company’s stock worth $10,376,000 after buying an additional 25,549 shares in the last quarter. Finally, Dupont Capital Management Corp lifted its position in Delta Air Lines by 85.6% in the 3rd quarter. Dupont Capital Management Corp now owns 709,631 shares of the transportation company’s stock worth $34,218,000 after buying an additional 327,381 shares in the last quarter. Institutional investors and hedge funds own 85.01% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein set a $67.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a research report on Wednesday. Stephens restated a “buy” rating and issued a $72.00 target price on shares of Delta Air Lines in a research report on Wednesday. Stifel Nicolaus restated a “buy” rating and issued a $85.00 target price (up previously from $75.00) on shares of Delta Air Lines in a research report on Wednesday. Cowen decreased their target price on shares of Delta Air Lines from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Thursday, September 28th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $63.00 target price (down previously from $67.00) on shares of Delta Air Lines in a research report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $65.41.

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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.

Insider Buying and Selling by Quarter for Delta Air Lines (NYSE:DAL)

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