Delta Air Lines, Inc. (NYSE:DAL) EVP Joanne D. Smith sold 24,250 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $59.03, for a total value of $1,431,477.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Delta Air Lines, Inc. (NYSE:DAL) traded down $0.27 during mid-day trading on Thursday, reaching $59.45. The company had a trading volume of 5,846,617 shares, compared to its average volume of 10,284,550. Delta Air Lines, Inc. has a fifty-two week low of $43.81 and a fifty-two week high of $60.79. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The firm has a market cap of $42,390.00, a P/E ratio of 12.03 and a beta of 1.30.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the business earned $0.82 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. equities analysts predict that Delta Air Lines, Inc. will post 6.4 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Delta Air Lines in the second quarter worth approximately $114,000. BB&T Investment Services Inc. purchased a new stake in shares of Delta Air Lines in the second quarter worth approximately $128,000. Advisory Services Network LLC raised its stake in shares of Delta Air Lines by 3.0% in the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after purchasing an additional 75 shares during the last quarter. IHT Wealth Management LLC raised its stake in shares of Delta Air Lines by 40.9% in the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock worth $146,000 after purchasing an additional 220 shares during the last quarter. Finally, Blue Granite Capital LLC purchased a new stake in shares of Delta Air Lines in the third quarter worth approximately $162,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.
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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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