Delta Air Lines, Inc. (DAL) CFO Paul A. Jacobson Sells 49,362 Shares of Stock

Delta Air Lines, Inc. (NYSE:DAL) CFO Paul A. Jacobson sold 49,362 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $60.20, for a total value of $2,971,592.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Delta Air Lines, Inc. (DAL) traded up $0.11 during midday trading on Friday, hitting $59.57. The stock had a trading volume of 1,494,282 shares, compared to its average volume of 8,100,000. The company has a market capitalization of $42,480.00, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 0.80 and a beta of 1.30. Delta Air Lines, Inc. has a 52-week low of $43.81 and a 52-week high of $60.79. 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 (NYSE:DAL) last released its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 earnings per share. equities analysts expect that Delta Air Lines, Inc. will post 6.42 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DAL. IHT Wealth Management LLC grew its holdings in Delta Air Lines by 40.9% during the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after buying an additional 220 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in Delta Air Lines during the second quarter worth $114,000. Advisory Services Network LLC grew its holdings in Delta Air Lines by 3.0% during the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after buying an additional 75 shares in the last quarter. BB&T Investment Services Inc. bought a new stake in Delta Air Lines during the second quarter worth $128,000. Finally, Blue Granite Capital LLC bought a new stake in Delta Air Lines during the third quarter worth $162,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

DAL has been the topic of a number of recent analyst reports. Cowen lifted their price objective on Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, December 15th. Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Stephens set a $67.00 price target on Delta Air Lines and gave the company a “buy” rating in a research note on Monday, December 18th. ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $57.00 price target (up from $56.00) on shares of Delta Air Lines in a research note on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Delta Air Lines has an average rating of “Buy” and an average price target of $65.53.

ILLEGAL ACTIVITY NOTICE: This story was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://stocknewstimes.com/2018/01/19/delta-air-lines-inc-dal-cfo-paul-a-jacobson-sells-49362-shares-of-stock.html.

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.

Insider Buying and Selling by Quarter for Delta Air Lines (NYSE:DAL)

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply