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Delta Air Lines, Inc. (DAL) Stock Could Soon Reward Patient Investors

Delta Air Lines, Inc. (NYSE: DAL) is 16.58% higher on its value in year-to-date trading and has touched a low of $30.60 and a high of $49.81 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DAL stock was last observed hovering at around $48.22 in the last trading session, with the day’s loss setting it -1.32%.

Currently trading at $46.90, the stock is 6.01% and 12.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.98 million and changing -2.74% at the moment leaves the stock 15.53% off its SMA200. DAL registered 37.50% gain for a year compared to 6-month gain of 26.76%. The firm has a 50-day simple moving average (SMA 50) of $0.92 and a 200-day simple moving average (SMA200) of $6.10.

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The stock witnessed a 11.24% loss in the last 1 month and extending the period to 3 months gives it a 16.58%, and is 3.26% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.12% over the week and 2.29% over the month.

Delta Air Lines, Inc. (DAL) has around 100000 employees, a market worth around $30.17B and $58.05B in sales. Current P/E ratio is 6.55 and Fwd P/E is 6.25. Profit margin for the company is 7.94%. Distance from 52-week low is 53.27% and -5.84% from its 52-week high. The company has generated returns on investments over the last 12 months (13.30%).

Delta Air Lines, Inc. quarterly earnings per share for the current quarter are estimated at $0.35 with sales reaching $12.53B over the same period.The EPS is expected to grow by 3.15% this year, but quarterly earnings will post 4.10% year-over-year. Quarterly sales are estimated to grow 5.80% in year-over-year returns.

Delta Air Lines, Inc. (DAL) Top Institutional Holders

1,366 institutions hold shares in Delta Air Lines, Inc. (DAL), with institutional investors hold 70.59% of the company’s shares. The shares outstanding are 643.45M, and float is at 640.67M with Short Float at 2.51%. Institutions hold 70.35% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 72.47 million shares valued at $3.45 billion. The investor’s holdings represent 11.26% of the DAL Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 39.89 million shares valued at $1.9 billion to account for 6.20% of the shares outstanding. The other top investors are Capital World Investors which holds 26.56 million shares representing 4.13% and valued at over $1.26 billion, while Primecap Management Company holds 3.47% of the shares totaling 22.34 million with a market value of $1.06 billion.

Delta Air Lines, Inc. (DAL) Insider Activity

The most recent transaction is an insider sale by Smith Joanne D,the company’sEVP & Chief People Officer. SEC filings show that Smith Joanne D sold 4,876 shares of the company’s common stock on Feb 27 ’24 at a price of $42.02 per share for a total of $0.2 million. Following the sale, the insider now owns 0.12 million shares.

Delta Air Lines, Inc. disclosed in a document filed with the SEC on Feb 06 ’24 that Carroll William C (SVP, Fin & Controller) sold a total of 6,192 shares of the company’s common stock. The trade occurred on Feb 06 ’24 and was made at $40.15 per share for $0.25 million. Following the transaction, the insider now directly holds 9806.0 shares of the DAL stock.

Still, SEC filings show that on Feb 01 ’24, Bastian Edward H (Chief Executive Officer) disposed off 71,840 shares at an average price of $39.20 for $2.82 million. The insider now directly holds 428,768 shares of Delta Air Lines, Inc. (DAL).

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