Delta Air Lines Sees Unusually High Options Volume (DAL)
Delta Air Lines, Inc. (NYSE:DAL) was the recipient of unusually large options trading on Friday. Stock traders purchased 17,200 put options on the stock. This represents an increase of 162% compared to the typical volume of 6,564 put options.
In other news, EVP Joanne D. Smith sold 4,475 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $49.32, for a total transaction of $220,707.00. Following the sale, the executive vice president now owns 85,398 shares in the company, valued at $4,211,829.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul A. Jacobson sold 20,100 shares of the stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $50.09, for a total value of $1,006,809.00. Following the sale, the chief financial officer now owns 386,070 shares in the company, valued at approximately $19,338,246.30. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 251,165 shares of company stock valued at $269,580 and have sold 49,575 shares valued at $2,441,266. Corporate insiders own 0.75% of the company’s stock.
Several large investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Delta Air Lines by 2,951.4% in the first quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock worth $2,080,189,000 after buying an additional 43,777,555 shares during the last quarter. Winslow Capital Management LLC increased its stake in shares of Delta Air Lines by 5,815,030.8% in the first quarter. Winslow Capital Management LLC now owns 4,535,802 shares of the transportation company’s stock worth $208,465,000 after buying an additional 4,535,724 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Delta Air Lines by 46.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 14,045,364 shares of the transportation company’s stock worth $552,826,000 after buying an additional 4,427,357 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Delta Air Lines by 85.6% in the first quarter. Dimensional Fund Advisors LP now owns 7,039,445 shares of the transportation company’s stock valued at $323,542,000 after buying an additional 3,245,791 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Delta Air Lines by 58.7% in the fourth quarter. AQR Capital Management LLC now owns 8,263,263 shares of the transportation company’s stock valued at $406,470,000 after buying an additional 3,056,526 shares in the last quarter. 79.44% of the stock is owned by hedge funds and other institutional investors.
Shares of Delta Air Lines (NYSE:DAL) traded up 0.79% during trading on Friday, reaching $50.80. The company’s stock had a trading volume of 5,778,333 shares. The company has a market capitalization of $36.98 billion, a price-to-earnings ratio of 9.37 and a beta of 0.75. Delta Air Lines has a one year low of $32.60 and a one year high of $52.76. The firm’s 50-day moving average price is $47.16 and its 200-day moving average price is $48.33.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, April 12th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. Delta Air Lines had a net margin of 11.03% and a return on equity of 33.59%. The firm had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.14 billion. During the same quarter in the previous year, the firm posted $1.32 EPS. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities analysts anticipate that Delta Air Lines will post $5.12 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 19th will be given a dividend of $0.2025 per share. This represents a $0.81 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Wednesday, May 17th. Delta Air Lines’s payout ratio is 14.04%.
Several equities analysts recently issued reports on DAL shares. Vetr upgraded Delta Air Lines from a “hold” rating to a “buy” rating and set a $50.64 price target on the stock in a report on Monday, March 13th. Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Monday, February 6th. Deutsche Bank AG increased their target price on Delta Air Lines from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, April 18th. Citigroup Inc increased their target price on Delta Air Lines from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, May 12th. Finally, Imperial Capital reissued an “in-line” rating on shares of Delta Air Lines in a research note on Friday, March 17th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Delta Air Lines has an average rating of “Buy” and a consensus price target of $53.26.
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About Delta Air Lines
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.
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