Delta Air Lines, Inc. (NYSE:DAL) EVP Joanne D. Smith sold 3,700 shares of the company’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $54.00, for a total transaction of $199,800.00. Following the completion of the sale, the executive vice president now directly owns 77,223 shares in the company, valued at $4,170,042. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Delta Air Lines, Inc. (NYSE DAL) traded down 1.21% during midday trading on Friday, reaching $52.19. 4,697,681 shares of the company traded hands. The stock has a market capitalization of $37.99 billion, a P/E ratio of 10.34 and a beta of 1.22. Delta Air Lines, Inc. has a 1-year low of $35.84 and a 1-year high of $55.75. The firm has a 50-day moving average of $53.10 and a 200-day moving average of $49.43.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.66 by $0.02. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The company had revenue of $10.79 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same period in the previous year, the firm posted $1.47 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that Delta Air Lines, Inc. will post $5.12 earnings per share for the current year.
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Several brokerages recently commented on DAL. Evercore ISI reissued an “outperform” rating on shares of Delta Air Lines in a research report on Thursday, April 6th. Morgan Stanley reissued an “overweight” rating on shares of Delta Air Lines in a research report on Friday, April 7th. Cowen and Company cut their price objective on shares of Delta Air Lines from $60.00 to $58.00 and set an “outperform” rating on the stock in a research report on Monday, April 10th. Deutsche Bank AG increased their price objective on shares of Delta Air Lines from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, April 18th. Finally, Vetr downgraded shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $52.43 price objective on the stock. in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $59.41.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. FNY Managed Accounts LLC acquired a new position in shares of Delta Air Lines during the first quarter valued at $100,000. Tompkins Financial Corp acquired a new position in shares of Delta Air Lines during the first quarter valued at $107,000. TrimTabs Asset Management LLC increased its position in shares of Delta Air Lines by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,136 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Delta Air Lines during the first quarter valued at $114,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Delta Air Lines by 40.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock valued at $127,000 after buying an additional 793 shares during the last quarter. 86.15% of the stock is owned by institutional investors.
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.
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