Investors Sell Delta Air Lines (DAL) on Strength Following Insider Selling

Investors sold shares of Delta Air Lines, Inc. (NYSE:DAL) on strength during trading on Monday following insider selling activity. $76.41 million flowed into the stock on the tick-up and $105.61 million flowed out of the stock on the tick-down, for a money net flow of $29.20 million out of the stock. Of all equities tracked, Delta Air Lines had the 0th highest net out-flow for the day. Delta Air Lines traded up $0.85 for the day and closed at $52.91Specifically, insider Steven M. Sear sold 6,898 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $53.01, for a total transaction of $365,662.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $8,449,274.40. The disclosure for this sale can be found here. Insiders sold 239,810 shares of company stock valued at $12,684,903 over the last ninety days. Insiders own 0.37% of the company’s stock.

DAL has been the subject of several analyst reports. Barclays initiated coverage on Delta Air Lines in a research note on Thursday, August 10th. They set an “overweight” rating and a $70.00 target price for the company. Cowen reissued a “buy” rating and set a $66.00 target price on shares of Delta Air Lines in a research note on Monday, August 14th. BidaskClub raised Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Morgan Stanley lowered their target price on Delta Air Lines from $62.00 to $59.00 and set an “overweight” rating for the company in a research note on Thursday, August 17th. Finally, Wolfe Research raised Delta Air Lines from a “market perform” rating to an “outperform” rating in a research note on Friday, August 18th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Delta Air Lines has an average rating of “Buy” and a consensus target price of $63.39.

The firm has a market cap of $37,780.00, a PE ratio of 10.85, a PEG ratio of 1.58 and a beta of 1.28. 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 released its quarterly earnings data on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (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 analysts’ expectations of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 EPS. equities research analysts predict that Delta Air Lines, Inc. will post 5 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 17th will be given a dividend of $0.305 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.22 annualized dividend and a dividend yield of 2.33%. Delta Air Lines’s dividend payout ratio is currently 24.45%.

Large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of Delta Air Lines in the 3rd quarter valued at about $492,000. GSA Capital Partners LLP purchased a new stake in shares of Delta Air Lines in the 3rd quarter valued at about $534,000. Cetera Advisor Networks LLC lifted its holdings in shares of Delta Air Lines by 4.4% in the 3rd quarter. Cetera Advisor Networks LLC now owns 26,082 shares of the transportation company’s stock valued at $1,258,000 after purchasing an additional 1,101 shares during the last quarter. IFM Investors Pty Ltd purchased a new stake in shares of Delta Air Lines in the 3rd quarter valued at about $269,000. Finally, Independent Advisor Alliance lifted its holdings in shares of Delta Air Lines by 16.1% in the 3rd quarter. Independent Advisor Alliance now owns 12,299 shares of the transportation company’s stock valued at $636,000 after purchasing an additional 1,702 shares during the last quarter. 85.24% of the stock is owned by institutional investors and hedge funds.

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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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