Delta Air Lines, Inc. (DAL) COO Sells $800,124.00 in Stock
Delta Air Lines, Inc. (NYSE:DAL) COO W Gilbert West sold 15,600 shares of the firm’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $51.29, for a total transaction of $800,124.00. Following the sale, the chief operating officer now directly owns 111,113 shares in the company, valued at approximately $5,698,985.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Delta Air Lines, Inc. (NYSE:DAL) opened at 50.83 on Friday. Delta Air Lines, Inc. has a 52-week low of $32.60 and a 52-week high of $52.76. The company has a 50-day moving average of $49.50 and a 200-day moving average of $43.88. The stock has a market capitalization of $37.00 billion, a price-to-earnings ratio of 8.78 and a beta of 0.75.
Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, January 12th. The company reported $0.82 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.82. The company earned $9.46 billion during the quarter, compared to analysts’ expectations of $9.40 billion. Delta Air Lines had a return on equity of 33.59% and a net margin of 11.03%. The business’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 EPS. Equities research analysts expect that Delta Air Lines, Inc. will post $5.31 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Friday, February 24th will be paid a dividend of $0.2025 per share. This represents a $0.81 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Wednesday, February 22nd. Delta Air Lines’s dividend payout ratio (DPR) is currently 14.04%.
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A number of analysts have weighed in on the stock. Vetr raised shares of Delta Air Lines from a “sell” rating to a “hold” rating and set a $47.62 price objective on the stock in a report on Monday, November 21st. Credit Suisse Group reissued a “buy” rating on shares of Delta Air Lines in a report on Tuesday, November 8th. Zacks Investment Research raised shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a report on Monday, February 6th. Cowen and Company raised their price objective on shares of Delta Air Lines from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, January 13th. Finally, Imperial Capital reissued an “in-line” rating and set a $52.00 price objective on shares of Delta Air Lines in a report on Wednesday, February 1st. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $55.88.
Several institutional investors have recently added to or reduced their stakes in DAL. Archford Capital Strategies LLC boosted its position in Delta Air Lines by 3,152.4% in the second quarter. Archford Capital Strategies LLC now owns 2,732 shares of the company’s stock valued at $100,000 after buying an additional 2,648 shares during the period. Crow Point Partners LLC acquired a new position in Delta Air Lines during the third quarter valued at approximately $106,000. Physicians Financial Services Inc. acquired a new position in Delta Air Lines during the third quarter valued at approximately $110,000. Financial Engines Advisors L.L.C. boosted its position in Delta Air Lines by 447.0% in the third quarter. Financial Engines Advisors L.L.C. now owns 3,085 shares of the company’s stock valued at $121,000 after buying an additional 2,521 shares during the period. Finally, FTB Advisors Inc. boosted its position in Delta Air Lines by 7.4% in the third quarter. FTB Advisors Inc. now owns 3,106 shares of the company’s stock valued at $122,000 after buying an additional 214 shares during the period. Institutional investors own 79.44% of the company’s stock.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.
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