Delta Air Lines, Inc. (NYSE:DAL) CFO Paul A. Jacobson sold 42,900 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were 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 owns 373,870 shares of the company’s stock, valued at approximately $20,891,855.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Delta Air Lines, Inc. (NYSE DAL) opened at $56.22 on Thursday. The company has a market capitalization of $39,748.25, a PE ratio of 11.61, a P/E/G ratio of 1.98 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. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.04. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The business had revenue of $11.06 billion during the quarter, compared to analyst estimates of $11.03 billion. During the same quarter in the previous year, the business earned $1.70 earnings per share. 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 4.93 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were given a dividend of $0.305 per share. The ex-dividend date was Thursday, November 16th. This represents a $1.22 annualized dividend and a dividend yield of 2.17%. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.50%.

Large investors have recently made changes to their positions in the business. Mutual of America Capital Management LLC boosted its position in shares of Delta Air Lines by 68.0% during the third quarter. Mutual of America Capital Management LLC now owns 151,376 shares of the transportation company’s stock valued at $7,299,000 after buying an additional 61,298 shares during the period. State of Tennessee Treasury Department boosted its position in shares of Delta Air Lines by 78.0% during the second quarter. State of Tennessee Treasury Department now owns 713,955 shares of the transportation company’s stock valued at $38,368,000 after buying an additional 312,863 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Delta Air Lines by 57.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 116,036 shares of the transportation company’s stock valued at $6,236,000 after buying an additional 42,150 shares during the period. Dupont Capital Management Corp boosted its position in shares of Delta Air Lines by 85.6% during the third quarter. Dupont Capital Management Corp now owns 709,631 shares of the transportation company’s stock valued at $34,218,000 after buying an additional 327,381 shares during the period. Finally, First Republic Investment Management Inc. boosted its position in shares of Delta Air Lines by 13.5% during the third quarter. First Republic Investment Management Inc. now owns 215,189 shares of the transportation company’s stock valued at $10,376,000 after buying an additional 25,549 shares during the period. Institutional investors and hedge funds own 85.01% of the company’s stock.

DAL has been the subject of a number of research analyst reports. BidaskClub lowered Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Cowen restated a “buy” rating and set a $60.00 price objective on shares of Delta Air Lines in a research report on Tuesday, September 5th. Imperial Capital reiterated a “hold” rating and issued a $50.00 price target on shares of Delta Air Lines in a research report on Wednesday, September 6th. Deutsche Bank dropped their price target on Delta Air Lines from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, September 6th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Delta Air Lines in a research report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $63.83.

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About Delta Air Lines

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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