Delta Air Lines Inc. (NYSE:DAL) was downgraded by equities researchers at Vetr from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday. They presently have a $47.62 target price on the stock. Vetr‘s price objective points to a potential downside of 1.79% from the company’s current price.
Other analysts also recently issued reports about the stock. Piper Jaffray Cos. set a $35.00 target price on shares of Delta Air Lines and gave the stock a “buy” rating in a research report on Sunday, August 21st. Cowen and Company reissued an “outperform” rating and issued a $55.00 target price on shares of Delta Air Lines in a research report on Thursday, August 11th. Credit Suisse Group AG reissued a “buy” rating on shares of Delta Air Lines in a research report on Tuesday, November 8th. Deutsche Bank AG reissued a “buy” rating on shares of Delta Air Lines in a research report on Tuesday, November 8th. Finally, Imperial Capital began coverage on shares of Delta Air Lines in a research note on Wednesday, August 24th. They issued an “in-line” rating and a $41.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $53.78.
Shares of Delta Air Lines (NYSE:DAL) traded down 1.52% on Monday, reaching $48.49. 9,227,881 shares of the company’s stock traded hands. Delta Air Lines has a 52 week low of $32.60 and a 52 week high of $52.77. The firm has a market capitalization of $35.88 billion, a P/E ratio of 7.86 and a beta of 0.89. The company’s 50-day moving average is $43.66 and its 200-day moving average is $40.06.
Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, October 13th. The company reported $1.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.05. The company earned $10.48 billion during the quarter. Delta Air Lines had a net margin of 11.92% and a return on equity of 37.39%. The business’s revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 earnings per share. Equities research analysts anticipate that Delta Air Lines will post $5.70 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be issued a $0.2025 dividend. This represents a $0.81 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Tuesday, November 8th. Delta Air Lines’s payout ratio is 13.11%.
In other news, COO W Gilbert West sold 11,677 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $44.46, for a total value of $519,159.42. Following the sale, the chief operating officer now owns 95,313 shares of the company’s stock, valued at approximately $4,237,615.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Joanne D. Smith sold 1,853 shares of the company’s stock in a transaction dated Wednesday, October 19th. The stock was sold at an average price of $40.50, for a total transaction of $75,046.50. Following the completion of the sale, the executive vice president now directly owns 72,156 shares in the company, valued at approximately $2,922,318. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in Delta Air Lines by 46.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 14,045,364 shares of the company’s stock valued at $552,826,000 after buying an additional 4,427,357 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Delta Air Lines during the second quarter worth approximately $91,336,000. RidgeWorth Capital Management LLC raised its stake in shares of Delta Air Lines by 181.6% in the second quarter. RidgeWorth Capital Management LLC now owns 3,189,431 shares of the company’s stock worth $117,275,000 after buying an additional 2,056,771 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of Delta Air Lines by 61.7% in the third quarter. BlackRock Advisors LLC now owns 4,313,257 shares of the company’s stock worth $169,770,000 after buying an additional 1,645,283 shares in the last quarter. Finally, Janus Capital Management LLC raised its stake in shares of Delta Air Lines by 86.5% in the second quarter. Janus Capital Management LLC now owns 2,958,659 shares of the company’s stock worth $107,784,000 after buying an additional 1,372,630 shares in the last quarter. 81.06% of the stock is currently owned by institutional investors and hedge funds.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.