George N. Mattson Purchases 10,000 Shares of Delta Air Lines, Inc. (DAL) Stock
Delta Air Lines, Inc. (NYSE:DAL) Director George N. Mattson bought 10,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average price of $51.89 per share, for a total transaction of $518,900.00. Following the acquisition, the director now directly owns 66,510 shares in the company, valued at $3,451,203.90. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Delta Air Lines, Inc. (NYSE:DAL) opened at $50.46 on Friday. Delta Air Lines, Inc. has a 52-week low of $43.81 and a 52-week high of $60.79. The firm has a market cap of $35,440.00, a P/E ratio of 10.21, a PEG ratio of 0.69 and a beta of 1.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.42.
Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, January 11th. The transportation company reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the firm earned $0.82 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.44 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in DAL. Baker Ellis Asset Management LLC bought a new position in shares of Delta Air Lines during the 4th quarter valued at approximately $106,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Delta Air Lines during the 2nd quarter valued at approximately $114,000. SeaCrest Wealth Management LLC bought a new position in shares of Delta Air Lines during the 4th quarter valued at approximately $121,000. BB&T Investment Services Inc. bought a new position in shares of Delta Air Lines during the 2nd quarter valued at approximately $128,000. Finally, Advisory Services Network LLC grew its position in shares of Delta Air Lines by 3.0% during the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 75 shares during the period. 85.09% of the stock is owned by hedge funds and other institutional investors.
DAL has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Delta Air Lines from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Vetr lowered shares of Delta Air Lines from a “strong-buy” rating to a “sell” rating and set a $45.16 price objective for the company. in a research note on Monday, November 13th. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Finally, Cowen increased their price objective on shares of Delta Air Lines from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $65.35.
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.
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