Delta Air Lines, Inc. (NYSE:DAL) EVP Joanne D. Smith sold 894 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $56.50, for a total value of $50,511.00. Following the sale, the executive vice president now owns 72,393 shares in the company, valued at approximately $4,090,204.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Delta Air Lines, Inc. (DAL) traded down $0.32 during mid-day trading on Wednesday, reaching $55.75. The company’s stock had a trading volume of 6,444,000 shares, compared to its average volume of 7,809,511. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.43. Delta Air Lines, Inc. has a twelve month low of $43.81 and a twelve month high of $56.77. The stock has a market capitalization of $39,976.40, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.99 and a beta of 1.29.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.53 by $0.04. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 earnings per share. equities research analysts forecast that Delta Air Lines, Inc. will post 4.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were paid a dividend of $0.305 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.22 annualized dividend and a dividend yield of 2.19%. Delta Air Lines’s dividend payout ratio is currently 24.50%.

Several analysts recently weighed in on DAL shares. Deutsche Bank decreased their price target on Delta Air Lines from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, September 6th. BidaskClub lowered Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research upgraded Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Morgan Stanley reiterated an “overweight” rating on shares of Delta Air Lines in a research note on Tuesday, September 12th. Finally, Cowen reiterated a “buy” rating and issued a $60.00 target price on shares of Delta Air Lines in a research note on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $63.83.

Several institutional investors have recently made changes to their positions in the company. Roundview Capital LLC increased its stake in shares of Delta Air Lines by 0.3% during the second quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock valued at $275,000 after buying an additional 15 shares during the period. MUFG Securities EMEA plc increased its stake in shares of Delta Air Lines by 1.2% during the second quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock valued at $285,000 after buying an additional 65 shares during the period. Advisory Services Network LLC increased its stake in shares of 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 valued at $137,000 after buying an additional 75 shares during the period. Bradley Foster & Sargent Inc. CT increased its stake in shares of Delta Air Lines by 0.3% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 44,398 shares of the transportation company’s stock valued at $2,386,000 after buying an additional 125 shares during the period. Finally, Thompson Davis & CO. Inc. increased its stake in shares of Delta Air Lines by 3.4% during the second quarter. Thompson Davis & CO. Inc. now owns 4,449 shares of the transportation company’s stock valued at $239,000 after buying an additional 147 shares during the period. Hedge funds and other institutional investors own 85.01% of the company’s stock.

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Delta Air Lines Company Profile

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)

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