A sold call allows you keep the premium as long as DAL stock closes below $50 at expiration. Finally, Foster & Motley Inc. increased its stake in Delta Air Lines by 120.3% in the fourth quarter.
Advertisement
Delta shares have risen about more than 13 percent over the past year. GW Henssler & Associates Ltd. purchased a new stake in Delta Air Lines during the fourth quarter worth approximately $263,000. Capacity or available seat miles climbed 2.7% to 58.14 billion.
The Company has made earnings of -$35.10M and derived $2.30M sales in the last twelve months.
“We have started 2016 with tremendous momentum, generating over $1.5bn in adjusted pre-tax income, delivering industry-leading operations including 49 days of flawless mainline completion factor for our customers, and reaching our goal of becoming an investment grade company”. The 52-Week range of the stock is $34.61 – $52.77. The stock had previously closed at $48.04. Delta Air Lines, Inc.
The company is trading below its 50-day moving averages of 48.05 and up from 200-day moving averages of 47.95.
At the end of the first quarter of 2016, Delta had $1.71 billion in cash and cash equivalents and adjusted net debt of $7 billion.
They expect $1.29 EPS, up 65.12% or $0.84 from last year’s $0.45 per share.
Nevertheless, the company posted very good results in what is typically the weakest quarter of the year, driven by significantly lower fuel costs. Analyst Recommendations; The current consensus among 16 polled investment analysts is to buy stock in Delta Air Lines.
“This is our number one priority in Washington”, Delta EVP and chief legal officer Peter Carter told analysts and reporters. Specifically, Thomson/First Call data reveals that 14 of the 15 analysts following Delta rate the airline a “buy” or better. Raymond James raised their target price on Delta Air Lines to $62.00 in a research note on Friday, March 25th. Strong Sell rating was given by 0 brokerage firms. There are 0 equity research firms suggesting a Hold and 0 consider it Sell. The stock’s market capitalization stands at $217.73 Billion with outstanding shares of 3.66 Billion. Following the transaction, the Director is left with a stake of 50773 shares, now valued at $2366529.53. The disclosure for this sale can be found here.
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Atlanta, GA based company’s route network is centered on the hub system that it operates at airports in Atlanta, Cincinnati, Detroit, Memphis, Minneapolis/St. Paul, New York – John F. Kennedy International Airport, Salt Lake City, Paris-Charles de Gaulle, Amsterdam and Tokyo-Narita.
Advertisement
Want to see what other hedge funds are holding DAL?
