Traders Buy Shares of Delta Air Lines (DAL) on Weakness

Traders purchased shares of Delta Air Lines, Inc. (NYSE:DAL) on weakness during trading hours on Tuesday. $70.85 million flowed into the stock on the tick-up and $43.92 million flowed out of the stock on the tick-down, for a money net flow of $26.93 million into the stock. Of all stocks tracked, Delta Air Lines had the 20th highest net in-flow for the day. Delta Air Lines traded down ($0.75) for the day and closed at $53.62

Several analysts have recently weighed in on the stock. ValuEngine raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Vetr downgraded shares of Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 price target for the company. in a research note on Wednesday, November 29th. Zacks Investment Research raised shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. J P Morgan Chase & Co lifted their price target on shares of Delta Air Lines from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Finally, Cowen lifted their price target on shares of Delta Air Lines from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $63.39.

The firm has a market capitalization of $38,226.05, a P/E ratio of 11.17, a P/E/G ratio of 1.63 and a beta of 1.29. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.43 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.04. Delta Air Lines had a net margin of 8.97% and a return on equity of 26.50%. The business had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.03 billion. During the same period in the previous year, the company earned $1.70 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. equities analysts predict that Delta Air Lines, Inc. will post 5 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were issued a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, November 16th. Delta Air Lines’s dividend payout ratio is currently 24.50%.

In other Delta Air Lines news, insider Steven M. Sear sold 6,898 shares of Delta Air Lines stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $53.01, for a total value of $365,662.98. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Edward H. Bastian sold 20,000 shares of Delta Air Lines stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $52.79, for a total transaction of $1,055,800.00. The disclosure for this sale can be found here. Insiders sold 239,810 shares of company stock worth $12,684,903 over the last ninety days. Corporate insiders own 0.37% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Roundview Capital LLC grew its holdings in shares of Delta Air Lines by 0.3% during the second quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock valued at $275,000 after buying an additional 15 shares during the last quarter. MUFG Securities EMEA plc grew its holdings in shares of Delta Air Lines by 1.2% during the second quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock valued at $285,000 after buying an additional 65 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Delta Air Lines by 3.0% during the second quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock valued at $137,000 after buying an additional 75 shares during the last quarter. Bradley Foster & Sargent Inc. CT grew its holdings in shares of Delta Air Lines by 0.3% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 44,398 shares of the transportation company’s stock valued at $2,386,000 after buying an additional 125 shares during the last quarter. Finally, Thompson Davis & CO. Inc. grew its holdings in shares of Delta Air Lines by 3.4% during the second quarter. Thompson Davis & CO. Inc. now owns 4,449 shares of the transportation company’s stock valued at $239,000 after buying an additional 147 shares during the last quarter. 85.24% of the stock is currently owned by institutional investors and hedge funds.

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About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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