Delta Air Lines Inc. (NYSE:DAL) COO W Gilbert West sold 11,677 shares of the business’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $44.46, for a total value of $519,159.42. Following the sale, the chief operating officer now directly owns 95,313 shares of the company’s stock, valued at $4,237,615.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Delta Air Lines Inc. (NYSE:DAL) opened at 47.47 on Tuesday. Delta Air Lines Inc. has a 52 week low of $32.60 and a 52 week high of $52.77. The stock’s 50 day moving average price is $41.26 and its 200-day moving average price is $39.66. The company has a market cap of $35.13 billion, a PE ratio of 7.70 and a beta of 0.89.

Delta Air Lines (NYSE:DAL) last issued 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. The business earned $10.48 billion during the quarter. Delta Air Lines had a return on equity of 37.39% and a net margin of 11.92%. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.74 earnings per share. Analysts expect that Delta Air Lines Inc. will post $5.70 EPS for the current year.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 11th will be issued a $0.2025 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.81 dividend on an annualized basis and a yield of 1.71%. Delta Air Lines’s payout ratio is currently 13.11%.

Several analysts have weighed in on the company. Credit Suisse Group AG reissued a “buy” rating on shares of Delta Air Lines in a report on Tuesday, November 8th. Bank of America Corp. set a $60.00 price objective on Delta Air Lines and gave the stock a “buy” rating in a report on Tuesday, October 4th. Vetr raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $43.73 price objective for the company in a report on Wednesday, October 26th. Deutsche Bank AG boosted their price objective on Delta Air Lines from $48.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, July 18th. Finally, Zacks Investment Research upgraded Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Friday, October 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company. Delta Air Lines currently has a consensus rating of “Buy” and a consensus price target of $52.69.

A number of large investors have recently modified their holdings of the company. Huntington National Bank increased its stake in shares of Delta Air Lines by 0.4% in the second quarter. Huntington National Bank now owns 5,500 shares of the company’s stock worth $200,000 after buying an additional 21 shares during the last quarter. Edmond DE Rothschild Italia SGR SPA increased its stake in shares of Delta Air Lines by 1.1% in the third quarter. Edmond DE Rothschild Italia SGR SPA now owns 6,277 shares of the company’s stock worth $247,000 after buying an additional 71 shares during the last quarter. Fishman Jay A Ltd. MI increased its stake in shares of Delta Air Lines by 0.3% in the third quarter. Fishman Jay A Ltd. MI now owns 22,978 shares of the company’s stock worth $904,000 after buying an additional 78 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Delta Air Lines by 1.9% in the second quarter. Quadrant Capital Group LLC now owns 4,211 shares of the company’s stock worth $150,000 after buying an additional 79 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Delta Air Lines by 0.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,945 shares of the company’s stock worth $690,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 82.84% of the company’s stock.

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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