Investors sold shares of Delta Air Lines Inc. (NYSE:DAL) on strength during trading hours on Friday after an insider sold shares in the company. $69.62 million flowed into the stock on the tick-up and $118.21 million flowed out of the stock on the tick-down, for a money net flow of $48.59 million out of the stock. Of all companies tracked, Delta Air Lines had the 0th highest net out-flow for the day. Delta Air Lines traded up $0.43 for the day and closed at $46.38Specifically, EVP Steven M. Sear sold 4,670 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $37.18, for a total value of $173,630.60. Following the sale, the executive vice president now owns 52,173 shares in the company, valued at approximately $1,939,792.14. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO W Gilbert West sold 11,677 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $44.46, for a total transaction of $519,159.42. Following the completion of the sale, the chief operating officer now owns 95,313 shares in the company, valued at approximately $4,237,615.98. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

Several equities research analysts recently weighed in on DAL shares. Bank of America Corp. set a $60.00 price objective on shares of Delta Air Lines and gave the stock a “buy” rating in a research note on Tuesday, October 4th. Zacks Investment Research upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Friday, October 28th. JPMorgan Chase & Co. dropped their price objective on shares of Delta Air Lines from $63.00 to $48.50 and set an “overweight” rating on the stock in a research note on Wednesday, July 27th. Credit Suisse Group AG reiterated a “buy” rating and set a $52.00 price objective on shares of Delta Air Lines in a research note on Tuesday, September 13th. Finally, Buckingham Research set a $54.00 price objective on shares of Delta Air Lines and gave the stock a “buy” rating in a research note on Wednesday, October 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $52.69.

The stock has a market capitalization of $34.32 billion, a price-to-earnings ratio of 7.52 and a beta of 0.89. The company’s 50 day moving average is $41.02 and its 200 day moving average is $39.68.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, October 13th. The company reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.05. Delta Air Lines had a net margin of 11.92% and a return on equity of 37.39%. The company earned $10.48 billion during the quarter. During the same period in the prior year, the firm posted $1.74 earnings per share. The company’s revenue was down 5.6% on a year-over-year basis. Analysts forecast that Delta Air Lines Inc. will post $5.70 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 11th will be paid a $0.2025 dividend. This represents a $0.81 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, November 8th. Delta Air Lines’s dividend payout ratio is presently 13.11%.

Several institutional investors have recently made changes to their positions in DAL. Archford Capital Strategies LLC increased its position in shares of Delta Air Lines by 3,152.4% in the second quarter. Archford Capital Strategies LLC now owns 2,732 shares of the company’s stock worth $100,000 after buying an additional 2,648 shares in the last quarter. Physicians Financial Services Inc. bought a new position in shares of Delta Air Lines during the third quarter worth $110,000. Financial Engines Advisors L.L.C. increased its position in shares of Delta Air Lines by 447.0% in the third quarter. Financial Engines Advisors L.L.C. now owns 3,085 shares of the company’s stock worth $121,000 after buying an additional 2,521 shares in the last quarter. FTB Advisors Inc. increased its position in shares of Delta Air Lines by 7.4% in the third quarter. FTB Advisors Inc. now owns 3,106 shares of the company’s stock worth $122,000 after buying an additional 214 shares in the last quarter. Finally, Capital Guardian Trust Co. increased its position in shares of Delta Air Lines by 168.2% in the second quarter. Capital Guardian Trust Co. now owns 3,189 shares of the company’s stock worth $116,000 after buying an additional 2,000 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

5 Day Chart for NYSE:DAL

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