Delta Air Lines, Inc. (DAL) Insider Steven M. Sear Sells 10,783 Shares

Delta Air Lines, Inc. (NYSE:DAL) insider Steven M. Sear sold 10,783 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $56.05, for a total transaction of $604,387.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Delta Air Lines, Inc. (DAL) traded down $0.03 during trading hours on Tuesday, hitting $56.07. 8,709,800 shares of the company were exchanged, compared to its average volume of 7,815,126. The company has a current ratio of 0.43, a quick ratio of 0.36 and a debt-to-equity ratio of 0.54. Delta Air Lines, Inc. has a twelve month low of $43.81 and a twelve month high of $56.77. The company has a market cap of $39,750.00, a P/E ratio of 11.69, a PEG ratio of 1.71 and a beta of 1.28.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.04. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $11.03 billion. During the same quarter in the prior year, the firm earned $1.70 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. analysts expect that Delta Air Lines, Inc. will post 4.97 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Thursday, November 16th. Delta Air Lines’s dividend payout ratio is presently 24.45%.

Several large investors have recently made changes to their positions in DAL. Mountain Capital Investment Advisors Inc bought a new position in Delta Air Lines in the 2nd quarter worth about $114,000. BB&T Investment Services Inc. bought a new position in Delta Air Lines in the 2nd quarter worth about $128,000. Advisory Services Network LLC grew its position in Delta Air Lines by 3.0% in the 2nd 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. Bessemer Group Inc. grew its position in Delta Air Lines by 104.3% in the 2nd quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock worth $137,000 after purchasing an additional 1,298 shares during the last quarter. Finally, IHT Wealth Management LLC grew its position in Delta Air Lines by 40.9% in the 2nd 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. 85.01% of the stock is owned by institutional investors and hedge funds.

DAL has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 21st. BidaskClub lowered shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Cowen restated a “buy” rating and issued a $60.00 target price on shares of Delta Air Lines in a research note on Tuesday, September 5th. Imperial Capital restated a “hold” rating and issued a $50.00 target price on shares of Delta Air Lines in a research note on Wednesday, September 6th. Finally, Deutsche Bank cut their target price on shares of Delta Air Lines from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Wednesday, September 6th. Two 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 an average rating of “Buy” and a consensus 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.

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

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