Delta Air Lines EVP Michael H. Campbell Sells 20,927 Shares (DAL)
Delta Air Lines (NYSE:DAL) EVP Michael H. Campbell sold 20,927 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $38.81, for a total value of $812,176.87. Following the sale, the executive vice president now directly owns 198,386 shares in the company, valued at approximately $7,699,361. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Delta Air Lines in a research note on Friday, May 9th. They now have a $48.00 price target on the stock, up previously from $47.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Delta Air Lines in a research note on Monday, May 5th. They now have a $39.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Delta Air Lines in a research note on Thursday, April 24th. They now have a $40.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $39.64.
Shares of Delta Air Lines (NYSE:DAL) traded down 0.88% during mid-day trading on Wednesday, hitting $38.44. The stock had a trading volume of 8,418,297 shares. Delta Air Lines has a one year low of $16.94 and a one year high of $39.11. The stock has a 50-day moving average of $35.42 and a 200-day moving average of $31.46. The company has a market cap of $32.443 billion and a price-to-earnings ratio of 3.09.
Delta Air Lines (NYSE:DAL) last released its earnings data on Wednesday, April 23rd. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.04. The company had revenue of $8.92 billion for the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that Delta Air Lines will post $2.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 30th. Investors of record on Friday, May 9th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Wednesday, May 7th.
Delta Air Lines, Inc (NYSE:DAL) provides scheduled air transportation for passengers and cargo throughout the United States and around the world.
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