Delta Air Lines, Inc. (DAL) Director Purchases $518,900.00 in Stock

Delta Air Lines, Inc. (NYSE:DAL) Director George N. Mattson acquired 10,000 shares of Delta Air Lines stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $51.89 per share, with a total value of $518,900.00. Following the completion of the acquisition, the director now owns 66,510 shares of the company’s stock, valued at approximately $3,451,203.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Delta Air Lines, Inc. (NYSE DAL) traded down $0.77 during trading hours on Friday, hitting $50.46. The company’s stock had a trading volume of 19,046,992 shares, compared to its average volume of 10,497,721. The stock has a market capitalization of $35,980.00, a P/E ratio of 10.21, a P/E/G ratio of 0.72 and a beta of 1.14. Delta Air Lines, Inc. has a 12-month low of $43.81 and a 12-month high of $60.79. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Delta Air Lines had a return on equity of 26.28% and a net margin of 8.67%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 earnings per share. equities analysts forecast that Delta Air Lines, Inc. will post 6.44 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 2.42%. Delta Air Lines’s dividend payout ratio is currently 24.70%.

Large investors have recently bought and sold shares of the business. Systematic Financial Management LP purchased a new stake in shares of Delta Air Lines in the fourth quarter worth $274,000. Afam Capital Inc. raised its position in shares of Delta Air Lines by 2.3% in the fourth quarter. Afam Capital Inc. now owns 108,206 shares of the transportation company’s stock worth $6,060,000 after buying an additional 2,418 shares in the last quarter. Virtu Financial LLC raised its position in shares of Delta Air Lines by 108.9% in the fourth quarter. Virtu Financial LLC now owns 23,090 shares of the transportation company’s stock worth $1,293,000 after buying an additional 12,038 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Delta Air Lines by 81.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,863 shares of the transportation company’s stock worth $272,000 after buying an additional 2,190 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of Delta Air Lines by 25.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 945,788 shares of the transportation company’s stock worth $52,964,000 after buying an additional 193,262 shares in the last quarter. Hedge funds and other institutional investors own 85.09% of the company’s stock.

Several brokerages have weighed in on DAL. Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Thursday. Stifel Nicolaus reissued a “buy” rating and set a $85.00 price objective (up from $75.00) on shares of Delta Air Lines in a report on Wednesday, January 10th. Stephens reissued a “buy” rating and set a $72.00 price objective on shares of Delta Air Lines in a report on Wednesday, January 10th. Imperial Capital raised Delta Air Lines from an “in-line” rating to an “outperform” rating and set a $63.00 price objective for the company in a report on Thursday, October 12th. Finally, JPMorgan Chase & Co. increased their price objective on Delta Air Lines from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $65.35.

COPYRIGHT VIOLATION WARNING: “Delta Air Lines, Inc. (DAL) Director Purchases $518,900.00 in Stock” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright legislation. The legal version of this piece can be accessed at https://www.com-unik.info/2018/02/09/delta-air-lines-inc-dal-director-purchases-518900-00-in-stock.html.

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)

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit