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 shares were sold at an average price of $54.00, for a total transaction of $199,800.00. Following the transaction, the executive vice president now owns 77,223 shares in the company, valued at $4,170,042. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Delta Air Lines, Inc. (DAL) traded down 0.010% during trading on Tuesday, hitting $50.745. 2,783,799 shares of the stock traded hands. Delta Air Lines, Inc. has a 52-week low of $35.84 and a 52-week high of $55.75. The stock has a market cap of $36.94 billion, a P/E ratio of 10.058 and a beta of 1.20. The company’s 50 day moving average price is $52.87 and its 200-day moving average price is $49.44.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 EPS for the quarter, missing the Zacks’ consensus estimate of $1.66 by $0.02. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The business had revenue of $10.79 billion for the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the previous year, the business posted $1.47 earnings per share. The company’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts forecast that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.
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Large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Delta Air Lines by 2,951.4% in the first quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock valued at $2,080,189,000 after buying an additional 43,777,555 shares in the last quarter. Winslow Capital Management LLC raised its stake in shares of Delta Air Lines by 5,815,030.8% in the first quarter. Winslow Capital Management LLC now owns 4,535,802 shares of the transportation company’s stock valued at $208,465,000 after buying an additional 4,535,724 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Delta Air Lines by 85.6% in the first quarter. Dimensional Fund Advisors LP now owns 7,039,445 shares of the transportation company’s stock valued at $323,542,000 after buying an additional 3,245,791 shares in the last quarter. Sound Shore Management Inc. CT purchased a new stake in shares of Delta Air Lines during the second quarter valued at about $158,224,000. Finally, Primecap Management Co. CA raised its stake in Delta Air Lines by 9.3% in the first quarter. Primecap Management Co. CA now owns 22,713,894 shares of the transportation company’s stock valued at $1,043,931,000 after buying an additional 1,930,614 shares during the period. Institutional investors and hedge funds own 87.65% of the company’s stock.
Several equities research analysts have recently weighed in on DAL shares. Cowen and Company decreased their target price on shares of Delta Air Lines from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Monday, April 10th. Deutsche Bank AG increased their target price 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. Vetr lowered shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $52.43 price target on the stock. in a research note on Tuesday, May 2nd. Citigroup Inc. upped their price target on shares of Delta Air Lines from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, May 12th. Finally, Imperial Capital restated an “in-line” rating and set a $52.00 price target on shares of Delta Air Lines in a research note on Friday, May 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. Delta Air Lines has an average rating of “Buy” and a consensus price target of $60.16.
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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