Delta Air Lines, Inc. (NYSE:DAL) Director Francis S. Blake bought 5,665 shares of the company’s stock in a transaction on Monday, April 17th. The shares were acquired at an average price of $44.12 per share, for a total transaction of $249,939.80. Following the completion of the acquisition, the director now owns 24,187 shares in the company, valued at $1,067,130.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Delta Air Lines, Inc. (NYSE:DAL) traded up 0.14% during trading on Tuesday, reaching $44.41. 7,973,836 shares of the company traded hands. The company has a market capitalization of $32.33 billion, a price-to-earnings ratio of 8.19 and a beta of 0.75. The stock’s 50 day moving average is $46.77 and its 200 day moving average is $46.98. Delta Air Lines, Inc. has a 1-year low of $32.60 and a 1-year high of $52.76.

Delta Air Lines (NYSE:DAL) last released its earnings results on Wednesday, April 12th. The transportation company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.04. The company earned $9.15 billion during the quarter, compared to the consensus estimate of $9.14 billion. Delta Air Lines had a return on equity of 33.59% and a net margin of 11.03%. Delta Air Lines’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.32 EPS. On average, analysts forecast that Delta Air Lines, Inc. will post $5.12 EPS for the current year.

Insider Buying and Selling by Quarter for Delta Air Lines (NYSE:DAL)

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Several research firms have commented on DAL. Morgan Stanley reissued an “overweight” rating on shares of Delta Air Lines in a research report on Friday, April 7th. Evercore ISI reissued an “outperform” rating on shares of Delta Air Lines in a research report on Thursday, April 6th. Cowen and Company decreased their price target on shares of Delta Air Lines from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Monday, April 10th. Deutsche Bank AG reissued a “buy” rating and set a $58.00 price target (up from $56.00) on shares of Delta Air Lines in a research report on Tuesday. Finally, Imperial Capital reissued an “in-line” rating and set a $52.00 price target on shares of Delta Air Lines in a research report on Friday, December 23rd. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $53.43.

A number of institutional investors have recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC purchased a new position in Delta Air Lines during the first quarter valued at $216,000. Jolley Asset Management LLC increased its position in Delta Air Lines by 0.9% in the first quarter. Jolley Asset Management LLC now owns 80,793 shares of the transportation company’s stock valued at $3,713,000 after buying an additional 729 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Delta Air Lines by 6.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,473 shares of the transportation company’s stock valued at $753,000 after buying an additional 947 shares in the last quarter. Regent Investment Management LLC increased its position in Delta Air Lines by 13.9% in the first quarter. Regent Investment Management LLC now owns 16,362 shares of the transportation company’s stock valued at $752,000 after buying an additional 2,000 shares in the last quarter. Finally, Tompkins Financial Corp purchased a new position in Delta Air Lines during the first quarter valued at $107,000. 79.44% of the stock is owned by institutional investors.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

5 Day Chart for NYSE:DAL

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