Delta Air Lines, Inc. (NYSE:DAL) CFO Paul A. Jacobson sold 42,900 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $55.88, for a total value of $2,397,252.00. Following the transaction, the chief financial officer now directly owns 373,870 shares in the company, valued at approximately $20,891,855.60. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at $56.07 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.43. The firm has a market capitalization of $39,997.79, a price-to-earnings ratio of 11.69, a P/E/G ratio of 1.70 and a beta of 1.29. Delta Air Lines, Inc. has a 12 month low of $43.81 and a 12 month high of $56.77.
Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.04. The firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 EPS. analysts anticipate that Delta Air Lines, Inc. will post 4.97 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of DAL. Investec Asset Management LTD purchased a new stake in shares of Delta Air Lines during the 3rd quarter worth $157,977,000. TIAA CREF Investment Management LLC raised its stake in Delta Air Lines by 77.6% in the second quarter. TIAA CREF Investment Management LLC now owns 5,364,934 shares of the transportation company’s stock valued at $288,312,000 after buying an additional 2,343,531 shares during the last quarter. PointState Capital LP purchased a new stake in Delta Air Lines in the second quarter valued at about $106,866,000. Anchor Bolt Capital LP purchased a new stake in Delta Air Lines in the third quarter valued at about $68,141,000. Finally, Parametric Portfolio Associates LLC raised its stake in Delta Air Lines by 140.9% in the second quarter. Parametric Portfolio Associates LLC now owns 2,414,031 shares of the transportation company’s stock valued at $129,730,000 after buying an additional 1,412,117 shares during the last quarter. Hedge funds and other institutional investors own 85.24% of the company’s stock.
DAL has been the topic of a number of recent research reports. J P Morgan Chase & Co reissued an “overweight” rating and set a $63.00 price target (down previously from $67.00) on shares of Delta Air Lines in a research report on Wednesday, September 27th. Zacks Investment Research downgraded Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 21st. Imperial Capital reissued a “hold” rating and set a $50.00 price target on shares of Delta Air Lines in a research report on Wednesday, September 6th. Cowen reissued a “buy” rating and set a $60.00 price target on shares of Delta Air Lines in a research report on Tuesday, September 5th. Finally, ValuEngine raised Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Delta Air Lines presently has a consensus rating of “Buy” and an average target price of $63.83.
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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.
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