Delta Air Lines, Inc. (NYSE: DAL) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that UATP Receives Patent Approval for Innovative New Payment Technology.

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Stocks Info

Delta Air Lines, Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Airlines industry. The current market capitalization of Delta Air Lines, Inc. is $26.84B. A total of 9.09 million shares were traded on the day, compared to an average of 10.28M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, DAL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 12 SELLs from insiders. Insiders purchased 252,570 shares during that period but sold 94,733.

In the most recent transaction, Carroll William C sold 6,192 shares of DAL for 40.15 per share on Feb 06. After the transaction, the SVP, Fin & Controller now owns 9,806 company shares. In a previous transaction on Feb 01, Bastian Edward H sold 71,840 shares at 39.20 per share. DAL shares that Chief Executive Officer owns now total 428,768.

Among the insiders who bought shares, Taylor David S acquired of 10,000 shares on Oct 27 at a per-share price of $30.75. This resulted in the Director holding 27,470 shares of DAL after the transaction. In another insider transaction, Smith Joanne D sold 3,030 shares at $33.29 per share on Oct 19. Company shares held by the EVP & Chief People Officer now total 95,362.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Delta Air Lines, Inc. pays an annual dividend of $0.30, resulting in a dividend yield of 0.72%, and it has a price to earnings (P/E) ratio of 5.83. DAL’s most recent ex-dividend date was 2/23/2024 when it declared a $0.10 quarterly dividend that was paid in cash on 3/18/2024. Previously, the company paid the dividend on 11/2/2023 with an ex-dividend date of 10/11/2023. The DAL stock dividend was $0.10 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for DAL in the last 3 months, the mean price target is $53.89 with high estimates of $77.00 and low estimates of $46.00. In terms of 52-week highs and lows, DAL has a high of $49.81 and a low of $30.60.

As of this writing, DAL has an earnings estimate of $0.38 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.49 per share and a lower estimate of $0.25. The company reported an EPS of $2.03 in the last quarter, which was 4.10% higher than expectations of $1.95.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. DAL’s latest balance sheet shows that the firm has $11.32B in Cash & Short Term Investments as of fiscal 2021. There were $34.68B in debt and $20.97B in liabilities at the time. Its Book Value Per Share was $17.26, while its Total Shareholder’s Equity was $3.89B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DAL is Buy with a score of 5.00.

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