Delta Air Lines, Inc (NYSE: DAL) is 60.95% higher on its value in year-to-date trading and has touched a low of $35.46 and a high of $66.25 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 $63.24 in the last trading session, with the day’s gains setting it 1.51%.
Currently trading at $64.75, the stock is 8.07% and 20.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.77 million and changing 2.39% at the moment leaves the stock 35.90% off its SMA200. DAL registered 79.56% gain for a year compared to 6-month gain of 23.97%. The firm has a 50-day simple moving average (SMA 50) of $53.4496 and a 200-day simple moving average (SMA200) of $47.517.
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The stock witnessed a 17.51% loss in the last 1 month and extending the period to 3 months gives it a 61.15%, and is 1.09% 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 3.47% over the week and 3.10% over the month.
Delta Air Lines, Inc (DAL) has around 100000 employees, a market worth around $41.78B and $60.31B in sales. Current P/E ratio is 8.99 and Fwd P/E is 8.82. Profit margin for the company is 7.71%. Distance from 52-week low is 82.63% and -2.26% from its 52-week high. The company has generated returns on investments over the last 12 months (13.70%).
with sales reaching $14.63B over the same period.The EPS is expected to shrink by -2.41% this year, but quarterly earnings will post 4.66% year-over-year. Quarterly sales are estimated to grow 2.83% in year-over-year returns.
Delta Air Lines, Inc (DAL) Top Institutional Holders
1424.0 institutions hold shares in Delta Air Lines, Inc (DAL), with institutional investors hold 80.73% of the company’s shares. The shares outstanding are 643.45M, and float is at 643.15M with Short Float at 4.74%. Institutions hold 80.51% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 71.98 million shares valued at $3.41 billion. The investor’s holdings represent 11.2474% of the DAL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 42.28 million shares valued at $2.01 billion to account for 6.6058 of the shares outstanding. The other top investors are SANDERS CAPITAL, LLC which holds 27.09 million shares representing 4.2332% and valued at over $1.29 billion, while PRIMECAP MANAGEMENT CO/CA/ holds 3.5053 of the shares totaling 22.43 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 Carroll William C, the company’s SVP, Fin & Controller. SEC filings show that Carroll William C sold 21,530 shares of the company’s common stock on Nov 08 ’24 at a price of $60.62 per share for a total of $1.31 million. Following the sale, the insider now owns 19756.0 shares.
Delta Air Lines, Inc disclosed in a document filed with the SEC on Nov 07 ’24 that Samant Rahul D (EVP & Chief Info Officer) sold a total of 18,600 shares of the company’s common stock. The trade occurred on Nov 07 ’24 and was made at $62.13 per share for $1.16 million. Following the transaction, the insider now directly holds 45563.0 shares of the DAL stock.
Still, SEC filings show that on Nov 06 ’24, Ausband Allison C (EVP & Chief Cust Exper Officer) disposed off 7,510 shares at an average price of $62.62 for $0.47 million. The insider now directly holds 58,897 shares of Delta Air Lines, Inc (DAL).
