Delta Air Lines, Inc. (NYSE:DAL) EVP Sells $470,276.20 in Stock

Delta Air Lines, Inc. (NYSE:DAL) EVP Allison C. Ausband sold 7,510 shares of Delta Air Lines stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the sale, the executive vice president now owns 58,897 shares of the company’s stock, valued at $3,688,130.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Delta Air Lines Stock Up 1.0 %

DAL opened at $61.05 on Friday. The stock has a market capitalization of $39.39 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.18 and a beta of 1.33. Delta Air Lines, Inc. has a fifty-two week low of $33.31 and a fifty-two week high of $62.66. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The company has a fifty day moving average of $50.87 and a two-hundred day moving average of $48.21.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.02). The company had revenue of $15.68 billion during the quarter, compared to analysts’ expectations of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. Delta Air Lines’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.03 EPS. On average, research analysts expect that Delta Air Lines, Inc. will post 6.12 earnings per share for the current year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines’s dividend payout ratio is presently 8.33%.

Analyst Ratings Changes

A number of analysts have commented on the company. Jefferies Financial Group lifted their price target on Delta Air Lines from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. TD Cowen decreased their target price on Delta Air Lines from $61.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. JPMorgan Chase & Co. increased their price target on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Barclays lifted their price objective on shares of Delta Air Lines from $52.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Bank of America increased their price objective on shares of Delta Air Lines from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $65.40.

Institutional Investors Weigh In On Delta Air Lines

Several large investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Delta Air Lines in the third quarter worth approximately $25,000. Kimelman & Baird LLC acquired a new stake in Delta Air Lines during the 2nd quarter worth $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of Delta Air Lines during the third quarter worth $31,000. Strategic Financial Concepts LLC acquired a new stake in shares of Delta Air Lines in the second quarter valued at about $36,000. Finally, Unique Wealth Strategies LLC purchased a new position in shares of Delta Air Lines in the second quarter worth about $40,000. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

About Delta Air Lines

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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.