Delta Air Lines, Inc. (NYSE:DAL) EVP Allison C. Ausband Sells 7,510 Shares of Stock

Delta Air Lines, Inc. (NYSE:DAL) EVP Allison C. Ausband sold 7,510 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total value of $470,276.20. Following the completion of the transaction, the executive vice president now owns 58,897 shares of the company’s stock, valued at $3,688,130.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Delta Air Lines Trading Down 3.0 %

Shares of Delta Air Lines stock opened at $60.44 on Friday. Delta Air Lines, Inc. has a 52-week low of $33.31 and a 52-week high of $62.66. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. The firm has a 50-day moving average of $50.12 and a 200-day moving average of $48.04. The stock has a market cap of $39.00 billion, a PE ratio of 8.39, a PEG ratio of 1.07 and a beta of 1.33.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.02). The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.03 earnings per share. As a group, sell-side analysts forecast that Delta Air Lines, Inc. will post 6.12 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 10th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines’s payout ratio is currently 8.33%.

Institutional Investors Weigh In On Delta Air Lines

Institutional investors and hedge funds have recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in shares of Delta Air Lines in the 3rd quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new position in Delta Air Lines in the third quarter valued at approximately $31,000. Kimelman & Baird LLC acquired a new position in Delta Air Lines during the second quarter valued at approximately $31,000. Unique Wealth Strategies LLC bought a new stake in Delta Air Lines during the second quarter worth $40,000. Finally, Quarry LP acquired a new stake in shares of Delta Air Lines in the 2nd quarter valued at $41,000. Institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DAL shares. BNP Paribas upgraded Delta Air Lines to a “strong-buy” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. upped their price target on shares of Delta Air Lines from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Sanford C. Bernstein increased their price target on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Bank of America upped their target price on shares of Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, October 11th. Finally, Jefferies Financial Group raised their target price on shares of Delta Air Lines from $56.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $65.40.

Delta Air Lines Company Profile

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 domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.