Delta Air Lines, Inc. (NYSE:DAL) COO W Gilbert West sold 21,000 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $50.49, for a total value of $1,060,290.00. Following the completion of the transaction, the chief operating officer now owns 136,799 shares in the company, valued at approximately $6,906,981.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
NYSE:DAL opened at $50.41 on Thursday. The firm has a market cap of $34.63 billion, a price-to-earnings ratio of 8.92, a P/E/G ratio of 0.58 and a beta of 1.11. Delta Air Lines, Inc. has a 1 year low of $45.08 and a 1 year high of $61.32. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 1.03.
Delta Air Lines (NYSE:DAL) last posted its earnings results on Tuesday, January 15th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.03. The firm had revenue of $10.74 billion for the quarter, compared to the consensus estimate of $10.71 billion. Delta Air Lines had a return on equity of 29.43% and a net margin of 8.78%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.96 earnings per share. On average, analysts predict that Delta Air Lines, Inc. will post 6.54 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 2.78%. Delta Air Lines’s dividend payout ratio is currently 24.78%.
Several equities analysts recently commented on the company. Zacks Investment Research downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. Vertical Research assumed coverage on Delta Air Lines in a research note on Monday, February 4th. They issued a “hold” rating on the stock. Credit Suisse Group set a $67.00 price objective on Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, January 16th. Bank of America downgraded Delta Air Lines from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $62.00 to $51.00 in a research note on Monday, January 14th. Finally, Stephens reiterated a “buy” rating on shares of Delta Air Lines in a research note on Sunday, January 6th. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $67.22.
Several large investors have recently bought and sold shares of DAL. RMB Capital Management LLC increased its holdings in shares of Delta Air Lines by 20.2% in the fourth quarter. RMB Capital Management LLC now owns 6,750 shares of the transportation company’s stock worth $337,000 after purchasing an additional 1,133 shares during the period. American International Group Inc. increased its holdings in shares of Delta Air Lines by 13.5% in the fourth quarter. American International Group Inc. now owns 317,915 shares of the transportation company’s stock worth $15,864,000 after purchasing an additional 37,788 shares during the period. Geode Capital Management LLC increased its holdings in shares of Delta Air Lines by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 7,757,127 shares of the transportation company’s stock worth $386,658,000 after purchasing an additional 532,550 shares during the period. ARP Americas LP increased its holdings in shares of Delta Air Lines by 29.2% in the fourth quarter. ARP Americas LP now owns 33,600 shares of the transportation company’s stock worth $1,677,000 after purchasing an additional 7,600 shares during the period. Finally, Brown Advisory Inc. increased its holdings in shares of Delta Air Lines by 7.0% in the fourth quarter. Brown Advisory Inc. now owns 1,622,773 shares of the transportation company’s stock worth $80,976,000 after purchasing an additional 106,685 shares during the period. Hedge funds and other institutional investors own 89.33% 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 in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.
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