Delta Air Lines, Inc. (NYSE:DAL – Get Free Report) SVP William C. Carroll sold 6,783 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the completion of the transaction, the senior vice president now owns 10,016 shares of the company’s stock, valued at $660,455.04. The trade was a 40.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Delta Air Lines Trading Up 3.9 %
Shares of NYSE:DAL opened at $69.10 on Wednesday. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98. The stock has a market cap of $44.59 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 0.78 and a beta of 1.36. The business has a 50-day moving average price of $63.63 and a 200-day moving average price of $54.24. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92.
Delta Air Lines (NYSE:DAL – Get Free Report) last posted its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.09. The firm had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. Delta Air Lines’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 EPS. Equities analysts predict that Delta Air Lines, Inc. will post 7.67 EPS for the current year.
Wall Street Analyst Weigh In
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Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC acquired a new position in Delta Air Lines in the third quarter valued at approximately $25,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Delta Air Lines in the fourth quarter worth $27,000. Hemington Wealth Management increased its holdings in shares of Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares during the period. Roxbury Financial LLC bought a new stake in shares of Delta Air Lines in the 4th quarter valued at approximately $29,000. Finally, Crews Bank & Trust acquired a new stake in Delta Air Lines in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 69.93% of the company’s stock.
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.
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