Insider Buying: Delta Air Lines, Inc. (NYSE:DAL) Director Buys $495,000.00 in Stock

Delta Air Lines, Inc. (NYSE:DAL) Director Willie Cw Chiang purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $49.50 per share, with a total value of $495,000.00. Following the acquisition, the director now directly owns 10,000 shares in the company, valued at $495,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $51.55 on Monday. The stock has a market capitalization of $32.99 billion, a P/E ratio of 6.63, a P/E/G ratio of 0.77 and a beta of 1.38. Delta Air Lines, Inc. has a 12-month low of $30.60 and a 12-month high of $51.65. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The firm’s 50-day moving average is $45.98 and its two-hundred day moving average is $40.81.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The firm had revenue of $13.75 billion for the quarter, compared to analyst estimates of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. Delta Air Lines’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 earnings per share. Equities analysts predict that Delta Air Lines, Inc. will post 6.61 earnings per share for the current year.

Delta Air Lines Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DAL. UBS Group started coverage on shares of Delta Air Lines in a report on Wednesday, March 20th. They issued a “buy” rating and a $59.00 target price for the company. Susquehanna lifted their price objective on Delta Air Lines from $47.00 to $54.00 and gave the stock a “positive” rating in a report on Tuesday, April 9th. Morgan Stanley reiterated an “overweight” rating and set a $85.00 target price on shares of Delta Air Lines in a research report on Thursday, April 11th. Bank of America raised their price target on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Finally, StockNews.com lowered shares of Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $58.29.

Hedge Funds Weigh In On Delta Air Lines

Large investors have recently added to or reduced their stakes in the business. Perigon Wealth Management LLC lifted its holdings in shares of Delta Air Lines by 10.4% during the 3rd quarter. Perigon Wealth Management LLC now owns 10,329 shares of the transportation company’s stock worth $382,000 after acquiring an additional 969 shares during the period. International Assets Investment Management LLC raised its stake in Delta Air Lines by 132.3% during the fourth quarter. International Assets Investment Management LLC now owns 466,741 shares of the transportation company’s stock worth $18,777,000 after purchasing an additional 265,852 shares during the period. Capital Advisors Inc. OK acquired a new position in shares of Delta Air Lines in the 4th quarter valued at $4,241,000. Meeder Asset Management Inc. grew its stake in shares of Delta Air Lines by 325.5% during the 4th quarter. Meeder Asset Management Inc. now owns 77,647 shares of the transportation company’s stock valued at $3,124,000 after buying an additional 59,398 shares during the period. Finally, U S Global Investors Inc. increased its holdings in shares of Delta Air Lines by 21.1% during the 4th quarter. U S Global Investors Inc. now owns 4,434,509 shares of the transportation company’s stock worth $178,400,000 after buying an additional 773,636 shares during the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

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.