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

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

Delta Air Lines Stock Performance

NYSE DAL traded down $1.89 during trading hours on Thursday, hitting $60.43. 7,241,236 shares of the company’s stock traded hands, compared to its average volume of 9,450,862. The business’s fifty day moving average price is $50.12 and its two-hundred day moving average price is $48.04. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $38.99 billion, a P/E ratio of 8.44, a P/E/G ratio of 1.07 and a beta of 1.33. Delta Air Lines, Inc. has a 52 week low of $33.31 and a 52 week high of $62.66.

Delta Air Lines (NYSE:DAL) last posted 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). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The firm had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $14.65 billion. During the same quarter in the previous year, the company earned $2.03 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts predict that Delta Air Lines, Inc. will post 6.12 EPS for the current year.

Delta Air Lines Announces Dividend

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

Institutional Investors Weigh In On Delta Air Lines

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new position in Delta Air Lines in the 3rd quarter worth about $25,000. Kimelman & Baird LLC purchased a new position in Delta Air Lines in the 2nd quarter worth about $31,000. Ashton Thomas Securities LLC purchased a new position in Delta Air Lines in the 3rd quarter worth about $31,000. Strategic Financial Concepts LLC bought a new position in Delta Air Lines during the 2nd quarter worth about $36,000. Finally, Unique Wealth Strategies LLC bought a new position in Delta Air Lines during the 2nd quarter worth about $40,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

DAL has been the topic of a number of research reports. Susquehanna lifted their target price on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on shares of Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Sanford C. Bernstein boosted their price objective on shares of Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Jefferies Financial Group boosted their price objective on shares of Delta Air Lines from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, Barclays boosted their price objective on shares of Delta Air Lines from $52.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $65.40.

About Delta Air Lines

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.