Delta Air Lines, Inc. (NYSE:DAL) EVP Joanne D. Smith sold 3,700 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $54.00, for a total transaction of $199,800.00. Following the completion of the sale, the executive vice president now owns 77,223 shares of the company’s stock, valued at $4,170,042. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Delta Air Lines, Inc. (NYSE DAL) traded down 1.78% during midday trading on Thursday, hitting $52.83. 8,418,064 shares of the company traded hands. The stock has a market capitalization of $38.46 billion, a P/E ratio of 10.47 and a beta of 1.22. Delta Air Lines, Inc. has a 52 week low of $35.84 and a 52 week high of $55.75. The company has a 50-day moving average price of $52.99 and a 200-day moving average price of $49.41.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.66 by $0.02. The company had revenue of $10.79 billion during the quarter, compared to analysts’ expectations of $10.81 billion. Delta Air Lines had a return on equity of 28.33% and a net margin of 9.30%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.47 EPS. Analysts anticipate that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.

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DAL has been the subject of several recent research reports. Cowen and Company lifted their target price on shares of Delta Air Lines from $58.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, July 13th. Evercore ISI reiterated an “outperform” rating and set a $66.00 target price on shares of Delta Air Lines in a report on Friday, July 14th. Imperial Capital lifted their target price on shares of Delta Air Lines from $52.00 to $54.00 and gave the company an “in-line” rating in a report on Tuesday, July 11th. ValuEngine lowered shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $60.00 target price on shares of Delta Air Lines in a report on Thursday, July 13th. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $59.41.

Several hedge funds and other institutional investors have recently bought and sold shares of DAL. GSA Capital Partners LLP bought a new position in Delta Air Lines during the fourth quarter worth about $269,000. Quadrature Capital Ltd bought a new position in Delta Air Lines during the fourth quarter worth about $716,000. Wealthfront Inc. bought a new position in Delta Air Lines during the fourth quarter worth about $544,000. M Holdings Securities Inc. boosted its position in Delta Air Lines by 1.4% in the fourth quarter. M Holdings Securities Inc. now owns 7,718 shares of the transportation company’s stock worth $380,000 after buying an additional 103 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in Delta Air Lines by 22.6% in the fourth quarter. Teachers Advisors LLC now owns 1,377,648 shares of the transportation company’s stock worth $67,767,000 after buying an additional 253,661 shares in the last quarter. 86.15% of the stock is owned by institutional investors and hedge funds.

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.

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

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