Delta Air Lines, Inc. (NYSE:DAL) CFO Paul A. Jacobson sold 49,362 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $60.20, for a total transaction of $2,971,592.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at $60.01 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.47. The stock has a market cap of $42,790.00, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 0.80 and a beta of 1.30. Delta Air Lines, Inc. has a fifty-two week low of $43.81 and a fifty-two week high of $60.79.
Delta Air Lines (NYSE:DAL) last announced its quarterly earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. Delta Air Lines’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. equities research analysts predict that Delta Air Lines, Inc. will post 6.42 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in DAL. Investec Asset Management LTD bought a new stake in Delta Air Lines in the 3rd quarter valued at $157,977,000. PointState Capital LP bought a new stake in shares of Delta Air Lines in the 2nd quarter worth about $106,866,000. Anchor Bolt Capital LP bought a new stake in shares of Delta Air Lines in the 3rd quarter worth about $68,141,000. Parametric Portfolio Associates LLC increased its holdings in shares of Delta Air Lines by 140.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,414,031 shares of the transportation company’s stock worth $129,730,000 after buying an additional 1,412,117 shares during the last quarter. Finally, Alyeska Investment Group L.P. increased its holdings in shares of Delta Air Lines by 35.8% in the 3rd quarter. Alyeska Investment Group L.P. now owns 4,003,366 shares of the transportation company’s stock worth $193,042,000 after buying an additional 1,055,182 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.
DAL has been the topic of several recent analyst reports. JPMorgan Chase & Co. restated an “overweight” rating and set a $63.00 price objective (down from $67.00) on shares of Delta Air Lines in a research report on Wednesday, September 27th. Imperial Capital restated an “outperform” rating and set a $65.00 price objective (up from $63.00) on shares of Delta Air Lines in a research report on Friday, January 12th. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Cowen raised their price objective on shares of Delta Air Lines from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, October 12th. Finally, Sanford C. Bernstein set a $67.00 price objective on shares of Delta Air Lines and gave the company a “buy” rating in a research report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $65.53.
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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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