Delta Air Lines, Inc. (DAL) Director Buys $518,900.00 in Stock

Delta Air Lines, Inc. (NYSE:DAL) Director George N. Mattson purchased 10,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was purchased at an average price of $51.89 per share, with a total value of $518,900.00. Following the completion of the purchase, the director now directly owns 66,510 shares in the company, valued at approximately $3,451,203.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Delta Air Lines, Inc. (NYSE:DAL) opened at $50.46 on Monday. The stock has a market capitalization of $35,980.00, a price-to-earnings ratio of 10.21, a P/E/G ratio of 0.68 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 12-month low of $43.81 and a 12-month high of $60.79.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.08. The business 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 revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the company earned $0.82 EPS. equities research analysts anticipate that Delta Air Lines, Inc. will post 6.44 earnings per share for the current year.

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

A number of large investors have recently made changes to their positions in the stock. Baker Ellis Asset Management LLC bought a new position in shares of Delta Air Lines in the 4th quarter worth about $106,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Delta Air Lines in the 2nd quarter worth about $114,000. SeaCrest Wealth Management LLC bought a new position in shares of Delta Air Lines in the 4th quarter worth about $121,000. BB&T Investment Services Inc. bought a new position in shares of Delta Air Lines in the 2nd quarter worth about $128,000. Finally, Advisory Services Network LLC raised its position in shares of 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 acquiring an additional 75 shares in the last quarter. 85.09% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on DAL. Imperial Capital reiterated an “outperform” rating and issued a $65.00 price target (up from $63.00) on shares of Delta Air Lines in a research note on Friday, January 12th. Stephens set a $67.00 price target on Delta Air Lines and gave the company a “buy” rating in a research note on Monday, December 18th. Sanford C. Bernstein set a $67.00 price target on Delta Air Lines and gave the company a “buy” rating in a research note on Wednesday, January 10th. Vetr upgraded Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 price target for the company in a research note on Wednesday, January 3rd. Finally, Cowen increased their price target on Delta Air Lines from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $65.35.

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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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