Edward H. Bastian Sells 25,000 Shares of Delta Air Lines, Inc. (DAL) Stock

Delta Air Lines, Inc. (NYSE:DAL) CEO Edward H. Bastian sold 25,000 shares of the stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $56.47, for a total value of $1,411,750.00. Following the sale, the chief executive officer now owns 240,508 shares in the company, valued at $13,581,486.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Delta Air Lines, Inc. (NYSE:DAL) opened at $55.69 on Thursday. 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, Inc. has a 1 year low of $43.81 and a 1 year high of $56.84. The company has a market cap of $39,710.00, a price-to-earnings ratio of 11.16, a P/E/G ratio of 1.79 and a beta of 1.30.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data 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. The business had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.03 billion. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 EPS. research analysts expect that Delta Air Lines, Inc. will post 4.89 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Thursday, November 16th. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.45%.

Several research firms have issued reports on DAL. Vetr raised Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 price objective on the stock in a report on Wednesday. Cowen reduced their price objective on Delta Air Lines from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday, September 28th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $63.00 price objective (down previously from $67.00) on shares of Delta Air Lines in a report on Wednesday, September 27th. UBS Group reaffirmed a “buy” rating and set a $62.00 price objective (down previously from $65.00) on shares of Delta Air Lines in a report on Saturday, September 30th. Finally, Macquarie began coverage on Delta Air Lines in a report on Monday, September 25th. They set an “outperform” rating and a $61.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $64.12.

Hedge funds have recently added to or reduced their stakes in the business. Mountain Capital Investment Advisors Inc bought a new position in shares of Delta Air Lines in the 2nd quarter valued at about $114,000. BB&T Investment Services Inc. bought a new position in shares of Delta Air Lines in the 2nd quarter valued at about $128,000. Advisory Services Network LLC grew its holdings in shares of Delta Air Lines by 3.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 75 shares in the last quarter. IHT Wealth Management LLC grew its holdings in shares of Delta Air Lines by 40.9% in the 2nd quarter. IHT Wealth Management LLC now owns 758 shares of the transportation company’s stock valued at $146,000 after acquiring an additional 220 shares in the last quarter. Finally, Blue Granite Capital LLC bought a new position in shares of Delta Air Lines in the 3rd quarter valued at about $162,000. Hedge funds and other institutional investors own 85.01% 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.

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

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