Delta Air Lines EVP Glen W. Hauenstein Unloads 47,328 Shares (DAL)
Delta Air Lines (NYSE:DAL) EVP Glen W. Hauenstein sold 47,328 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $40.52, for a total value of $1,917,730.56. Following the sale, the executive vice president now directly owns 189,995 shares of the company’s stock, valued at approximately $7,698,597. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on DAL shares. Analysts at Zacks reiterated a “neutral” rating on shares of Delta Air Lines in a research note on Wednesday, August 6th. They now have a $38.00 price target on the stock. Separately, analysts at CRT Capital raised their price target on shares of Delta Air Lines from $43.00 to $47.00 in a research note on Friday, July 25th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Delta Air Lines in a research note on Thursday, July 24th. They now have a $48.00 price target on the stock, up previously from $46.00. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $44.60.
Shares of Delta Air Lines (NYSE:DAL) traded down 1.51% during mid-day trading on Thursday, hitting $39.91. The stock had a trading volume of 8,285,732 shares. Delta Air Lines has a one year low of $18.85 and a one year high of $42.66. The stock has a 50-day moving average of $37.64 and a 200-day moving average of $36.35. The company has a market cap of $33.564 billion and a price-to-earnings ratio of 3.19.
Delta Air Lines (NYSE:DAL) last released its earnings data on Wednesday, July 23rd. The company reported $1.04 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.04. The company had revenue of $10.62 billion for the quarter, compared to the consensus estimate of $10.65 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts predict that Delta Air Lines will post $3.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Friday, August 8th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, August 6th. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.06.
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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