Delta Air Lines, Inc. (NYSE:DAL - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday after TD Cowen raised their price target on the stock from $59.00 to $75.00. TD Cowen currently has a buy rating on the stock. Delta Air Lines traded as high as $64.10 and last traded at $63.89, with a volume of 551076 shares trading hands. The stock had previously closed at $63.56.
A number of other equities research analysts also recently commented on the company. BNP Paribas raised Delta Air Lines to a "strong-buy" rating in a report on Thursday, September 19th. Barclays boosted their price objective on Delta Air Lines from $52.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. Sanford C. Bernstein boosted their price objective on Delta Air Lines from $62.00 to $65.00 and gave the company an "outperform" rating in a research report on Tuesday, October 8th. Bank of America boosted their price target on Delta Air Lines from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, October 11th. Finally, Susquehanna boosted their price objective on Delta Air Lines from $50.00 to $59.00 and gave the stock a "positive" rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $67.73.
Get Our Latest Stock Report on DAL
Insiders Place Their Bets
In other news, SVP William C. Carroll sold 21,530 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP William C. Carroll sold 21,530 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the sale, the senior vice president now owns 19,756 shares in the company, valued at $1,197,608.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joanne D. Smith sold 3,431 shares of Delta Air Lines stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $50.46, for a total value of $173,128.26. Following the transaction, the executive vice president now directly owns 108,990 shares in the company, valued at approximately $5,499,635.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,240 shares of company stock valued at $8,044,893 in the last 90 days. 0.96% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Delta Air Lines
Several institutional investors and hedge funds have recently bought and sold shares of DAL. Huntington National Bank lifted its stake in Delta Air Lines by 2.9% during the 3rd quarter. Huntington National Bank now owns 6,679 shares of the transportation company's stock valued at $339,000 after acquiring an additional 189 shares during the period. Armstrong Advisory Group Inc. grew its holdings in Delta Air Lines by 13.8% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 1,645 shares of the transportation company's stock valued at $84,000 after buying an additional 200 shares in the last quarter. Oakworth Capital Inc. grew its holdings in Delta Air Lines by 16.9% during the 3rd quarter. Oakworth Capital Inc. now owns 1,412 shares of the transportation company's stock valued at $72,000 after buying an additional 204 shares in the last quarter. Total Investment Management Inc. boosted its position in shares of Delta Air Lines by 3.0% during the 3rd quarter. Total Investment Management Inc. now owns 7,357 shares of the transportation company's stock valued at $374,000 after acquiring an additional 212 shares during the last quarter. Finally, HBK Sorce Advisory LLC lifted its position in Delta Air Lines by 4.0% in the first quarter. HBK Sorce Advisory LLC now owns 5,772 shares of the transportation company's stock worth $276,000 after buying an additional 221 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.
Delta Air Lines Stock Performance
The company has a market capitalization of $41.34 billion, a P/E ratio of 8.83, a P/E/G ratio of 1.15 and a beta of 1.33. The business has a 50-day moving average of $51.29 and a 200-day moving average of $48.30. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.39 and a quick ratio of 0.34.
Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.02). Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The business had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. During the same period in the prior year, the business posted $2.03 EPS. Delta Air Lines's revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Delta Air Lines, Inc. will post 6.12 EPS for the current year.
Delta Air Lines Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, October 10th. Delta Air Lines's dividend payout ratio (DPR) is presently 8.33%.
About Delta Air Lines
(
Get Free Report)
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.
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