Insider Buying: Delta Air Lines, Inc. (DAL) Director Purchases 10,000 Shares of Stock

Delta Air Lines, Inc. (NYSE:DAL) Director George N. Mattson purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average cost of $51.89 per share, for a total transaction of $518,900.00. Following the completion of the purchase, the director now owns 66,510 shares in the company, valued at approximately $3,451,203.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Delta Air Lines, Inc. (DAL) traded down $0.77 during mid-day trading on Friday, hitting $50.46. The stock had a trading volume of 19,046,992 shares, compared to its average volume of 10,497,721. The company has a market capitalization of $35,980.00, a price-to-earnings ratio of 10.21, a PEG ratio of 0.72 and a beta of 1.14. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. Delta Air Lines, Inc. has a 52 week low of $43.81 and a 52 week high of $60.79.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. Delta Air Lines’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. equities research analysts anticipate that Delta Air Lines, Inc. will post 6.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be issued a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 2.42%. Delta Air Lines’s dividend payout ratio is presently 24.70%.

A number of research analysts recently weighed in on DAL shares. Cowen upped their price target on Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, December 15th. Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Vetr raised Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 price target on the stock in a research note on Wednesday, January 3rd. Imperial Capital reaffirmed an “outperform” rating and set a $65.00 price target (up from $63.00) on shares of Delta Air Lines in a research note on Friday, January 12th. Finally, Stephens set a $67.00 price objective on Delta Air Lines and gave the stock a “buy” rating in a report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Delta Air Lines has an average rating of “Buy” and an average price target of $65.35.

Hedge funds have recently added to or reduced their stakes in the company. IHT Wealth Management LLC grew its holdings 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 valued at $146,000 after acquiring an additional 220 shares in the last quarter. Baker Ellis Asset Management LLC bought a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $106,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Delta Air Lines in the second quarter valued at approximately $114,000. SeaCrest Wealth Management LLC bought a new position in shares of Delta Air Lines in the fourth quarter valued at approximately $121,000. Finally, Advisory Services Network LLC grew its holdings 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 valued at $137,000 after acquiring an additional 75 shares in the last quarter. 85.09% of the stock is owned by institutional investors.

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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.

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

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