Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) was the target of unusually large options trading activity on Friday. Traders acquired 102,369 call options on the company. This is an increase of 74% compared to the typical daily volume of 58,672 call options.
Delta Air Lines Stock Performance
DAL traded up $0.53 on Friday, reaching $51.56. The company had a trading volume of 9,163,653 shares, compared to its average volume of 10,815,963. The company's fifty day moving average is $45.79 and its 200 day moving average is $40.60. 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 stock has a market cap of $33.00 billion, a P/E ratio of 6.63, a P/E/G ratio of 0.74 and a beta of 1.38. Delta Air Lines has a fifty-two week low of $30.60 and a fifty-two week high of $51.65.
Delta Air Lines (NYSE:DAL - Get Free Report) last posted its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.09. The company had revenue of $13.75 billion during the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The company's revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. As a group, analysts predict that Delta Air Lines will post 6.55 earnings per share for the current fiscal year.
Delta Air Lines Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Tuesday, May 14th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.78%. Delta Air Lines's payout ratio is 5.14%.
Insider Transactions at Delta Air Lines
In other Delta Air Lines news, Director Willie Cw Chiang acquired 10,000 shares of the company's stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average cost of $49.50 per share, for a total transaction of $495,000.00. Following the completion of the purchase, the director now owns 10,000 shares of the company's stock, valued at approximately $495,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Willie Cw Chiang acquired 10,000 shares of the business's stock in a transaction dated Wednesday, May 1st. The stock was 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 $495,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Glen W. Hauenstein sold 100,000 shares of the business's stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $49.05, for a total value of $4,905,000.00. Following the transaction, the president now owns 217,584 shares in the company, valued at $10,672,495.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 174,073 shares of company stock valued at $8,581,207. 0.89% of the stock is owned by insiders.
Institutional Investors Weigh In On Delta Air Lines
Several large investors have recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. raised its stake in Delta Air Lines by 495.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 685 shares of the transportation company's stock worth $25,000 after buying an additional 570 shares during the period. MeadowBrook Investment Advisors LLC bought a new position in Delta Air Lines in the fourth quarter valued at $27,000. Venturi Wealth Management LLC raised its position in Delta Air Lines by 396.6% during the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company's stock valued at $29,000 after purchasing an additional 575 shares in the last quarter. Manchester Capital Management LLC lifted its stake in Delta Air Lines by 26,166.7% during the fourth quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company's stock worth $32,000 after purchasing an additional 785 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Delta Air Lines in the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 69.93% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on DAL. TheStreet raised shares of Delta Air Lines from a "c+" rating to a "b-" rating in a report on Thursday, January 4th. StockNews.com lowered Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Thursday, February 22nd. Susquehanna boosted 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. Bank of America increased their target price on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, April 11th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $85.00 price target on shares of Delta Air Lines in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Delta Air Lines presently has a consensus rating of "Buy" and a consensus price target of $58.29.
Get Our Latest Report on Delta Air Lines
About Delta Air Lines
(
Get Free Report)
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.
Read More
Before you consider Delta Air Lines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Delta Air Lines wasn't on the list.
While Delta Air Lines currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.
Get This Free Report
