Insider Selling: Delta Air Lines, Inc. (DAL) CEO Sells $4,102,744.44 in Stock

Delta Air Lines, Inc. (NYSE:DAL) CEO Edward H. Bastian sold 73,211 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $56.04, for a total value of $4,102,744.44. Following the transaction, the chief executive officer now owns 338,719 shares in the company, valued at approximately $18,981,812.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Delta Air Lines, Inc. (DAL) opened at $56.03 on Friday. Delta Air Lines, Inc. has a 1 year low of $43.81 and a 1 year high of $56.84. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $39,950.00, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, beating the Zacks’ 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 company had revenue of $11.06 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. equities research analysts expect that Delta Air Lines, Inc. will post 4.91 EPS for the current fiscal 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 $0.305 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.22 dividend on an annualized basis and a yield of 2.18%. Delta Air Lines’s dividend payout ratio is currently 24.45%.

Large investors have recently bought and sold shares of the business. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Delta Air Lines in the second quarter valued at $114,000. BB&T Investment Services Inc. acquired a new stake in shares of Delta Air Lines in the second quarter valued at $128,000. Advisory Services Network LLC grew its stake in shares of Delta Air Lines by 3.0% in the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after buying an additional 75 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Delta Air Lines by 104.3% in the second quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock valued at $137,000 after buying an additional 1,298 shares in the last quarter. Finally, IHT Wealth Management LLC grew its stake in shares of Delta Air Lines by 40.9% in the second quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock valued at $146,000 after buying an additional 220 shares in the last quarter. Institutional investors own 85.01% of the company’s stock.

A number of brokerages recently commented on DAL. Imperial Capital reiterated a “hold” rating and set a $50.00 price objective on shares of Delta Air Lines in a research report on Wednesday, September 6th. Stephens set a $67.00 price objective on Delta Air Lines and gave the stock a “buy” rating in a research report on Monday, December 18th. BidaskClub downgraded Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Stifel Nicolaus reiterated a “buy” rating and set a $75.00 price objective (down previously from $80.00) on shares of Delta Air Lines in a research report on Friday, September 22nd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Delta Air Lines in a research report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target 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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