Delta Air Lines, Inc. (NYSE:DAL) President Glen W. Hauenstein sold 67,000 shares of Delta Air Lines stock in a transaction on Friday, July 14th. The shares were sold at an average price of $55.15, for a total value of $3,695,050.00. Following the completion of the transaction, the president now owns 239,418 shares of the company’s stock, valued at $13,203,902.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Delta Air Lines, Inc. (NYSE DAL) opened at 53.96 on Wednesday. The stock has a market cap of $39.28 billion, a P/E ratio of 10.70 and a beta of 1.22. The company’s 50-day moving average price is $52.86 and its 200-day moving average price is $49.37. Delta Air Lines, Inc. has a one year low of $35.84 and a one year high of $55.75.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by $0.02. The firm had revenue of $10.79 billion during the quarter, compared to the consensus estimate of $10.81 billion. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.47 EPS. Analysts forecast that Delta Air Lines, Inc. will post $5.12 EPS for the current fiscal year.
DAL has been the subject of several research analyst reports. Vetr raised Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $54.35 price objective for the company in a research note on Monday, May 8th. Imperial Capital reissued an “in-line” rating and set a $52.00 price objective on shares of Delta Air Lines in a research note on Friday, May 19th. BidaskClub raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Atlantic Securities started coverage on Delta Air Lines in a research note on Tuesday, June 20th. They set an “overweight” rating and a $68.00 price target for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Delta Air Lines in a research note on Friday, May 26th. One equities research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Delta Air Lines currently has a consensus rating of “Buy” and an average price target of $59.41.
A number of hedge funds have recently made changes to their positions in the company. Trust Co increased its stake in shares of Delta Air Lines by 22.0% in the fourth quarter. Trust Co now owns 20,599 shares of the transportation company’s stock valued at $1,013,000 after buying an additional 3,712 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of Delta Air Lines by 10.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,247,785 shares of the transportation company’s stock valued at $57,349,000 after buying an additional 117,858 shares during the last quarter. Norman Fields Gottscho Capital Management LLC purchased a new stake in shares of Delta Air Lines during the first quarter valued at about $2,926,000. Liberty Capital Management Inc. increased its stake in shares of Delta Air Lines by 5.3% in the first quarter. Liberty Capital Management Inc. now owns 23,792 shares of the transportation company’s stock valued at $1,093,000 after buying an additional 1,207 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Delta Air Lines by 180.5% in the fourth quarter. Macquarie Group Ltd. now owns 237,005 shares of the transportation company’s stock valued at $11,659,000 after buying an additional 152,505 shares during the last quarter. 86.15% of the stock is owned by institutional investors and hedge funds.
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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