Delta Air Lines, Inc. (NYSE:DAL) COO W Gilbert West sold 9,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $56.06, for a total transaction of $504,540.00. Following the sale, the chief operating officer now directly owns 61,872 shares of the company’s stock, valued at $3,468,544.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Delta Air Lines, Inc. (NYSE:DAL) traded down $0.34 on Wednesday, reaching $51.83. 479,716 shares of the company’s stock were exchanged, compared to its average volume of 10,091,747. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.42. Delta Air Lines, Inc. has a 1 year low of $43.81 and a 1 year high of $60.79. The company has a market capitalization of $37,050.00, a price-to-earnings ratio of 10.59, a P/E/G ratio of 0.70 and a beta of 1.14.
Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, topping 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 business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. research analysts forecast that Delta Air Lines, Inc. will post 6.44 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be issued a $0.305 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.22 annualized dividend and a dividend yield of 2.35%. Delta Air Lines’s dividend payout ratio is currently 24.70%.
DAL has been the subject of a number of analyst reports. Stephens set a $67.00 price objective on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Monday, December 18th. Stifel Nicolaus reiterated a “buy” rating and set a $85.00 target price (up previously from $75.00) on shares of Delta Air Lines in a research report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Vetr cut shares of Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 target price for the company. in a research report on Wednesday, November 29th. Finally, Cowen raised their price objective on shares of Delta Air Lines from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, December 15th. Two analysts have rated the stock with a sell rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Delta Air Lines has an average rating of “Buy” and an average target price of $65.35.
Several large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its position in shares of Delta Air Lines by 10.5% in the fourth quarter. Bank of New York Mellon Corp now owns 10,086,970 shares of the transportation company’s stock valued at $564,870,000 after acquiring an additional 956,945 shares during the period. Boston Partners boosted its position in shares of Delta Air Lines by 9.4% in the fourth quarter. Boston Partners now owns 8,484,965 shares of the transportation company’s stock valued at $475,158,000 after acquiring an additional 726,075 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Delta Air Lines by 3.3% in the third quarter. Dimensional Fund Advisors LP now owns 7,821,694 shares of the transportation company’s stock valued at $377,169,000 after acquiring an additional 250,731 shares during the period. Geode Capital Management LLC boosted its position in shares of Delta Air Lines by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 6,454,092 shares of the transportation company’s stock valued at $360,748,000 after acquiring an additional 201,722 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of Delta Air Lines by 0.4% in the fourth quarter. Alliancebernstein L.P. now owns 5,553,117 shares of the transportation company’s stock valued at $310,975,000 after acquiring an additional 20,851 shares during the period. Hedge funds and other institutional investors own 85.14% of the company’s stock.
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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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