Delta Air Lines, Inc. (NYSE:DAL) Director William H. Easter III sold 3,000 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $58.47, for a total value of $175,410.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NYSE DAL traded up $0.40 during trading hours on Tuesday, hitting $58.88. The company had a trading volume of 5,016,000 shares, compared to its average volume of 7,075,644. Delta Air Lines, Inc. has a fifty-two week low of $44.59 and a fifty-two week high of $60.79. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.40 and a quick ratio of 0.31. The firm has a market capitalization of $40.43 billion, a PE ratio of 11.88, a P/E/G ratio of 0.52 and a beta of 1.06.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, July 12th. The transportation company reported $1.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.05. Delta Air Lines had a return on equity of 26.75% and a net margin of 7.72%. The firm had revenue of $11.78 billion for the quarter, compared to analyst estimates of $11.73 billion. During the same period last year, the company earned $1.64 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. equities research analysts expect that Delta Air Lines, Inc. will post 5.58 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 16th. Shareholders of record on Thursday, July 26th were given a $0.35 dividend. The ex-dividend date was Wednesday, July 25th. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.31. This represents a $1.40 annualized dividend and a yield of 2.38%. Delta Air Lines’s dividend payout ratio (DPR) is currently 28.40%.

Several equities analysts recently issued reports on DAL shares. Imperial Capital raised their price objective on Delta Air Lines from $65.00 to $71.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 22nd. ValuEngine cut Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Deutsche Bank cut Delta Air Lines from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $64.00 to $53.00 in a research note on Tuesday, July 3rd. Morgan Stanley reduced their price objective on Delta Air Lines from $67.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, July 12th. Finally, Stephens set a $65.00 price objective on Delta Air Lines and gave the stock a “buy” rating in a research note on Friday, July 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $66.55.

A number of hedge funds and other institutional investors have recently modified their holdings of DAL. Boston Partners increased its position in Delta Air Lines by 39.0% in the first quarter. Boston Partners now owns 11,791,533 shares of the transportation company’s stock worth $646,294,000 after buying an additional 3,306,568 shares during the period. Lansdowne Partners UK LLP increased its position in Delta Air Lines by 9.6% in the second quarter. Lansdowne Partners UK LLP now owns 28,130,139 shares of the transportation company’s stock worth $1,393,561,000 after buying an additional 2,462,310 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Delta Air Lines by 116.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,536,013 shares of the transportation company’s stock valued at $193,809,000 after purchasing an additional 1,905,873 shares during the period. Investec Asset Management LTD increased its holdings in shares of Delta Air Lines by 44.5% during the second quarter. Investec Asset Management LTD now owns 3,742,148 shares of the transportation company’s stock valued at $185,386,000 after purchasing an additional 1,152,284 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Delta Air Lines by 2.4% during the second quarter. BlackRock Inc. now owns 35,660,948 shares of the transportation company’s stock valued at $1,766,644,000 after purchasing an additional 825,244 shares during the period. 87.30% of the stock is currently owned by hedge funds and other institutional investors.

About Delta Air Lines

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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Insider Buying and Selling by Quarter for Delta Air Lines (NYSE:DAL)

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