Delta Air Lines, Inc. (NYSE:DAL) EVP Sells $398,319.36 in Stock

Delta Air Lines, Inc. (NYSE:DALGet Rating) EVP Joanne D. Smith sold 9,024 shares of Delta Air Lines stock in a transaction on Friday, April 29th. The stock was sold at an average price of $44.14, for a total transaction of $398,319.36. Following the sale, the executive vice president now owns 120,857 shares in the company, valued at $5,334,627.98. The sale was disclosed in a document filed with the SEC, which is available through this link.

Delta Air Lines stock opened at $42.67 on Tuesday. The stock’s 50 day moving average price is $38.65 and its 200 day moving average price is $39.49. The company has a market cap of $27.35 billion, a PE ratio of 54.01 and a beta of 1.20. The company has a debt-to-equity ratio of 8.17, a current ratio of 0.65 and a quick ratio of 0.60. Delta Air Lines, Inc. has a 1-year low of $29.75 and a 1-year high of $48.54.

Delta Air Lines (NYSE:DALGet Rating) last posted its quarterly earnings results on Wednesday, April 13th. The transportation company reported ($1.23) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.27) by $0.04. Delta Air Lines had a net margin of 1.47% and a negative return on equity of 41.80%. The business had revenue of $9.35 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the prior year, the company posted ($3.55) EPS. The business’s revenue for the quarter was up 125.3% on a year-over-year basis. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 2.49 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of DAL. EverSource Wealth Advisors LLC acquired a new position in Delta Air Lines during the fourth quarter worth $25,000. Landmark Wealth Management LLC acquired a new position in shares of Delta Air Lines during the 1st quarter worth $25,000. Old North State Trust LLC boosted its position in shares of Delta Air Lines by 790.7% in the 4th quarter. Old North State Trust LLC now owns 668 shares of the transportation company’s stock worth $26,000 after buying an additional 593 shares in the last quarter. Evolution Advisers Inc. acquired a new stake in Delta Air Lines in the 4th quarter valued at about $29,000. Finally, Tyler Stone Wealth Management purchased a new position in Delta Air Lines during the 4th quarter valued at about $29,000. 63.24% of the stock is owned by institutional investors.

DAL has been the subject of several research reports. Susquehanna boosted their target price on Delta Air Lines from $45.00 to $47.00 in a report on Thursday, April 14th. Raymond James reduced their price objective on Delta Air Lines from $55.00 to $53.00 and set a “strong-buy” rating for the company in a research note on Friday, January 14th. TheStreet downgraded shares of Delta Air Lines from a “c” rating to a “d+” rating in a research report on Thursday, January 13th. Barclays raised shares of Delta Air Lines from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $42.00 to $60.00 in a research report on Thursday, April 14th. Finally, Morgan Stanley upped their target price on shares of Delta Air Lines from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, April 14th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Delta Air Lines presently has an average rating of “Buy” and a consensus target price of $52.41.

Delta Air Lines Company Profile (Get Rating)

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.

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