Investors Sell Shares of Delta Air Lines (DAL) on Strength (DAL)
Traders sold shares of Delta Air Lines, Inc. (NYSE:DAL) on strength during trading hours on Thursday. $113.54 million flowed into the stock on the tick-up and $152.50 million flowed out of the stock on the tick-down, for a money net flow of $38.96 million out of the stock. Of all stocks tracked, Delta Air Lines had the 24th highest net out-flow for the day. Delta Air Lines traded up $1.62 for the day and closed at $55.25
A number of analysts have issued reports on DAL shares. Deutsche Bank cut their target price on Delta Air Lines from $62.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, September 6th. BidaskClub lowered Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research raised Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Morgan Stanley reissued an “overweight” rating on shares of Delta Air Lines in a research report on Tuesday, September 12th. Finally, Cowen reissued a “buy” rating and issued a $60.00 target price on shares of Delta Air Lines in a research report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $63.39.
The stock has a market cap of $38,226.05, a P/E ratio of 11.17, a P/E/G ratio of 1.63 and a beta of 1.29. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 0.54.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.04. The business had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.70 earnings per share. analysts anticipate that Delta Air Lines, Inc. will post 5 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were paid a $0.305 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.22 annualized dividend and a dividend yield of 2.21%. Delta Air Lines’s dividend payout ratio (DPR) is 24.50%.
In other Delta Air Lines news, CEO Edward H. Bastian sold 20,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $52.79, for a total value of $1,055,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward H. Bastian sold 159,240 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $53.06, for a total transaction of $8,449,274.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 239,810 shares of company stock valued at $12,684,903. Insiders own 0.37% of the company’s stock.
Several large investors have recently bought and sold shares of the business. Roundview Capital LLC grew its stake in shares of Delta Air Lines by 0.3% during the second quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock worth $275,000 after purchasing an additional 15 shares in the last quarter. MUFG Securities EMEA plc grew its stake in shares of Delta Air Lines by 1.2% during the second quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock worth $285,000 after purchasing an additional 65 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of Delta Air Lines by 3.0% during the second 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 in the last quarter. Bradley Foster & Sargent Inc. CT grew its stake in shares of Delta Air Lines by 0.3% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 44,398 shares of the transportation company’s stock worth $2,386,000 after purchasing an additional 125 shares in the last quarter. Finally, Thompson Davis & CO. Inc. grew its stake in shares of Delta Air Lines by 3.4% during the second quarter. Thompson Davis & CO. Inc. now owns 4,449 shares of the transportation company’s stock worth $239,000 after purchasing an additional 147 shares in the last quarter. Institutional investors and hedge funds own 85.24% of the company’s stock.
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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.
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