Delta Air Lines, Inc. (NYSE:DAL) EVP Joanne D. Smith sold 4,353 shares of the company’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $57.50, for a total transaction of $250,297.50. Following the completion of the transaction, the executive vice president now directly owns 90,972 shares of the company’s stock, valued at approximately $5,230,890. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of NYSE:DAL traded up $0.11 during trading on Friday, reaching $57.93. 3,436,913 shares of the company were exchanged, compared to its average volume of 4,797,028. The firm has a market cap of $39.68 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.51 and a beta of 1.06. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.31 and a current ratio of 0.40. Delta Air Lines, Inc. has a 12-month low of $47.12 and a 12-month high of $60.79.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, July 12th. The transportation company reported $1.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.05. The company had revenue of $11.78 billion for the quarter, compared to analyst estimates of $11.73 billion. Delta Air Lines had a net margin of 7.72% and a return on equity of 26.75%. Delta Air Lines’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $1.64 earnings per share. equities research analysts predict that Delta Air Lines, Inc. will post 5.59 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Lido Advisors LLC boosted its stake in Delta Air Lines by 23.8% in the second quarter. Lido Advisors LLC now owns 11,448 shares of the transportation company’s stock valued at $567,000 after acquiring an additional 2,204 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of Delta Air Lines by 9.4% during the first quarter. Pinnacle Associates Ltd. now owns 249,647 shares of the transportation company’s stock worth $13,683,000 after buying an additional 21,430 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Delta Air Lines by 16.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 3,631,537 shares of the transportation company’s stock worth $179,907,000 after buying an additional 499,562 shares during the period. Elgethun Capital Management lifted its stake in shares of Delta Air Lines by 55.4% during the second quarter. Elgethun Capital Management now owns 22,512 shares of the transportation company’s stock worth $1,120,000 after buying an additional 8,027 shares during the period. Finally, Teacher Retirement System of Texas lifted its stake in shares of Delta Air Lines by 32.0% during the second quarter. Teacher Retirement System of Texas now owns 664,239 shares of the transportation company’s stock worth $32,906,000 after buying an additional 160,879 shares during the period. Institutional investors own 87.30% of the company’s stock.

A number of brokerages recently commented on DAL. Imperial Capital increased their price target on shares of Delta Air Lines from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, June 1st. Cfra reaffirmed a “buy” rating and issued a $70.00 price target on shares of Delta Air Lines in a report on Monday, June 18th. ValuEngine lowered shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Wednesday, July 4th. Zacks Investment Research lowered shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 13th. Finally, Buckingham Research reduced their price objective on shares of Delta Air Lines from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, June 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Delta Air Lines presently has an average rating of “Buy” and an average price target of $66.61.

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 route network is centered on a system of hubs, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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