Insider Selling: Delta Air Lines, Inc. (DAL) CFO Sells 42,900 Shares of Stock
Delta Air Lines, Inc. (NYSE:DAL) CFO Paul A. Jacobson sold 42,900 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $55.88, for a total transaction of $2,397,252.00. Following the completion of the transaction, the chief financial officer now directly owns 373,870 shares of the company’s stock, valued at approximately $20,891,855.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Delta Air Lines, Inc. (DAL) traded down $0.03 during midday trading on Monday, reaching $56.07. 8,655,478 shares of the company were exchanged, compared to its average volume of 7,811,433. The firm has a market cap of $39,997.79, a price-to-earnings ratio of 11.69, a PEG ratio of 1.70 and a beta of 1.29. 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 12-month low of $43.81 and a 12-month high of $56.49.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.04. The firm had revenue of $11.06 billion during the quarter, compared to analyst estimates of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.70 EPS. analysts expect that Delta Air Lines, Inc. will post 4.97 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the business. Mountain Capital Investment Advisors Inc bought a new stake in Delta Air Lines during the 2nd quarter worth about $114,000. BB&T Investment Services Inc. bought a new stake in Delta Air Lines during the 2nd quarter worth about $128,000. Advisory Services Network LLC lifted its position in Delta Air Lines by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after buying an additional 75 shares in the last quarter. Bessemer Group Inc. lifted its position in Delta Air Lines by 104.3% during the 2nd quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock worth $137,000 after buying an additional 1,298 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its position in Delta Air Lines by 40.9% during the 2nd quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after buying an additional 220 shares in the last quarter. 85.24% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on DAL shares. J P Morgan Chase & Co reissued an “overweight” rating and issued a $63.00 price target (down previously from $67.00) on shares of Delta Air Lines in a report on Wednesday, September 27th. Zacks Investment Research lowered shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Monday, August 21st. Imperial Capital reissued a “hold” rating and issued a $50.00 price target on shares of Delta Air Lines in a report on Wednesday, September 6th. Cowen reissued a “buy” rating and issued a $60.00 price target on shares of Delta Air Lines in a report on Tuesday, September 5th. Finally, ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $63.83.
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.
Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.