Delta Air Lines, Inc. (NYSE:DAL) CFO Paul A. Jacobson sold 49,362 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $60.20, for a total transaction of $2,971,592.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at $60.01 on Friday. Delta Air Lines, Inc. has a fifty-two week low of $43.81 and a fifty-two week high of $60.79. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The company has a market cap of $42,790.00, a P/E ratio of 12.15, a PEG ratio of 0.80 and a beta of 1.30.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. sell-side analysts forecast that Delta Air Lines, Inc. will post 6.42 EPS for the current year.
Several large investors have recently bought and sold shares of DAL. Mountain Capital Investment Advisors Inc purchased a new stake in Delta Air Lines in the second quarter worth approximately $114,000. BB&T Investment Services Inc. purchased a new stake in Delta Air Lines in the second quarter worth approximately $128,000. Advisory Services Network LLC boosted its holdings in Delta Air Lines by 3.0% in the second 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 during the last quarter. IHT Wealth Management LLC boosted its holdings in Delta Air Lines by 40.9% in the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after purchasing an additional 220 shares during the last quarter. Finally, Blue Granite Capital LLC purchased a new stake in Delta Air Lines in the third quarter worth approximately $162,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.
A number of brokerages have weighed in on DAL. Imperial Capital reaffirmed an “outperform” rating and set a $65.00 target price (up previously from $63.00) on shares of Delta Air Lines in a research note on Friday, January 12th. Sanford C. Bernstein set a $67.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, January 10th. Stephens reaffirmed a “buy” rating and set a $72.00 target price on shares of Delta Air Lines in a research note on Wednesday, January 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 target price (up previously from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. Finally, Vetr raised shares of Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 target price for the company in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Delta Air Lines currently has an average rating of “Buy” and an average target price of $65.53.
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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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