Delta Air Lines, Inc. (NYSE:DAL) Director Willie Cw Chiang Buys 10,000 Shares

Delta Air Lines, Inc. (NYSE:DAL) Director Willie Cw Chiang acquired 10,000 shares of Delta Air Lines stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average cost of $49.50 per share, with a total value of $495,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $495,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Delta Air Lines Price Performance

Shares of DAL stock opened at $51.56 on Friday. The stock’s fifty day simple moving average is $45.79 and its 200 day simple moving average is $40.60. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $51.65. The firm has a market cap of $33.00 billion, a price-to-earnings ratio of 6.63, a P/E/G ratio of 0.76 and a beta of 1.38. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL) last issued its earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The company had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. During the same quarter in the previous year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts expect that Delta Air Lines, Inc. will post 6.55 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.40 annualized dividend and a yield of 0.78%. Delta Air Lines’s dividend payout ratio is 5.14%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DAL. UBS Group began coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 price target for the company. Susquehanna increased their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Bank of America upped their price target on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Delta Air Lines has an average rating of “Buy” and an average target price of $58.29.

Institutional Trading of Delta Air Lines

Several hedge funds have recently modified their holdings of the company. Silverlake Wealth Management LLC boosted its holdings in shares of Delta Air Lines by 2.9% in the 1st quarter. Silverlake Wealth Management LLC now owns 8,145 shares of the transportation company’s stock worth $390,000 after acquiring an additional 229 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Delta Air Lines by 7.2% in the first quarter. Lindbrook Capital LLC now owns 3,472 shares of the transportation company’s stock worth $166,000 after purchasing an additional 233 shares in the last quarter. Norden Group LLC boosted its stake in Delta Air Lines by 1.8% in the first quarter. Norden Group LLC now owns 14,006 shares of the transportation company’s stock worth $670,000 after purchasing an additional 243 shares in the last quarter. Balboa Wealth Partners grew its holdings in shares of Delta Air Lines by 3.3% during the fourth quarter. Balboa Wealth Partners now owns 8,146 shares of the transportation company’s stock worth $328,000 after purchasing an additional 261 shares during the last quarter. Finally, Wahed Invest LLC raised its holdings in shares of Delta Air Lines by 10.7% in the fourth quarter. Wahed Invest LLC now owns 2,748 shares of the transportation company’s stock valued at $111,000 after buying an additional 265 shares during the last quarter. 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.