Willie Cw Chiang Acquires 10,000 Shares of Delta Air Lines, Inc. (NYSE:DAL) Stock

Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) Director Willie Cw Chiang bought 10,000 shares of the firm's stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average price of $49.50 per share, with a total value of $495,000.00. Following the completion of the transaction, the director now owns 10,000 shares of the company's stock, valued at approximately $495,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Delta Air Lines Stock Up 1.0 %

NYSE:DAL traded up $0.53 during midday trading on Friday, reaching $51.56. 9,163,653 shares of the stock traded hands, compared to its average volume of 10,815,963. The stock has a market capitalization of $33.00 billion, a PE ratio of 6.63, a price-to-earnings-growth ratio of 0.74 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 quick ratio of 0.36 and a current ratio of 0.41. The business has a 50-day moving average of $45.79 and a two-hundred day moving average of $40.60.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data 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 return on equity of 41.89% and a net margin of 8.48%. The firm had revenue of $13.75 billion during the quarter, compared to analyst estimates of $12.51 billion. During the same quarter in the prior year, the business posted $0.25 EPS. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts forecast that Delta Air Lines, Inc. will post 6.55 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, May 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.78%. Delta Air Lines's dividend payout ratio (DPR) is currently 5.14%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. TheStreet raised shares of Delta Air Lines from a "c+" rating to a "b-" rating in a research report on Thursday, January 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Delta Air Lines from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, April 11th. Susquehanna lifted their target price on Delta Air Lines from $47.00 to $54.00 and gave the company a "positive" rating in a research report on Tuesday, April 9th. UBS Group assumed coverage on Delta Air Lines in a report on Wednesday, March 20th. They issued a "buy" rating and a $59.00 target price for the company. Finally, StockNews.com lowered Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Delta Air Lines presently has an average rating of "Buy" and an average price target of $58.29.

Hedge Funds Weigh In On Delta Air Lines

Several hedge funds and other institutional investors have recently modified their holdings of DAL. Silverlake Wealth Management LLC increased its stake in Delta Air Lines by 2.9% during the 1st quarter. Silverlake Wealth Management LLC now owns 8,145 shares of the transportation company's stock valued at $390,000 after purchasing an additional 229 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Delta Air Lines by 7.2% during the first quarter. Lindbrook Capital LLC now owns 3,472 shares of the transportation company's stock valued at $166,000 after buying an additional 233 shares during the last quarter. Norden Group LLC increased its position in shares of Delta Air Lines by 1.8% in the 1st quarter. Norden Group LLC now owns 14,006 shares of the transportation company's stock valued at $670,000 after acquiring an additional 243 shares during the period. Balboa Wealth Partners raised its stake in Delta Air Lines by 3.3% in the 4th quarter. Balboa Wealth Partners now owns 8,146 shares of the transportation company's stock worth $328,000 after acquiring an additional 261 shares during the last quarter. Finally, Wahed Invest LLC lifted its position in Delta Air Lines by 10.7% during the 4th quarter. Wahed Invest LLC now owns 2,748 shares of the transportation company's stock worth $111,000 after acquiring an additional 265 shares during the period. 69.93% of the stock is owned by hedge funds and other institutional investors.

About Delta Air Lines

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.