Delta Air Lines Inc. (NYSE:DAL) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 12,173,502 shares, an increase of 34.1% from the October 14th total of 9,076,996 shares. Based on an average daily volume of 10,886,615 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.6% of the company’s stock are sold short.

Several brokerages have recently commented on DAL. Piper Jaffray Cos. set a $35.00 target price on Delta Air Lines and gave the stock a “buy” rating in a research note on Sunday, August 21st. Vetr cut Delta Air Lines from a “buy” rating to a “hold” rating and set a $40.40 price target for the company. in a report on Thursday, October 13th. Cowen and Company reissued an “outperform” rating and set a $55.00 price target on shares of Delta Air Lines in a report on Thursday, August 11th. Credit Suisse Group AG reissued a “buy” rating on shares of Delta Air Lines in a report on Tuesday, November 8th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Delta Air Lines in a report on Tuesday, November 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $52.69.

Delta Air Lines (NYSE:DAL) opened at 48.51 on Friday. The firm has a market capitalization of $35.90 billion, a P/E ratio of 7.87 and a beta of 0.89. Delta Air Lines has a 52 week low of $32.60 and a 52 week high of $52.77. The stock has a 50 day moving average price of $42.02 and a 200-day moving average price of $39.82.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, October 13th. The company reported $1.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.05. Delta Air Lines had a return on equity of 37.39% and a net margin of 11.92%. The business had revenue of $10.48 billion for the quarter. During the same quarter in the previous year, the business earned $1.74 EPS. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. Analysts anticipate that Delta Air Lines will post $5.70 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 11th will be given a dividend of $0.2025 per share. The ex-dividend date is Tuesday, November 8th. This represents a $0.81 dividend on an annualized basis and a yield of 1.67%. Delta Air Lines’s payout ratio is 13.11%.

In other news, VP Craig M. Meynard sold 3,500 shares of Delta Air Lines stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $41.41, for a total transaction of $144,935.00. Following the completion of the transaction, the vice president now directly owns 11,077 shares in the company, valued at approximately $458,698.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO W Gilbert West sold 11,677 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $44.46, for a total value of $519,159.42. Following the transaction, the chief operating officer now owns 95,313 shares of the company’s stock, valued at $4,237,615.98. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in DAL. Price T Rowe Associates Inc. MD increased 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 worth $552,826,000 after buying an additional 4,427,357 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in Delta Air Lines during the second quarter worth $91,336,000. RidgeWorth Capital Management LLC increased its stake in 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 during the last quarter. BlackRock Advisors LLC increased its stake in 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 during the last quarter. Finally, Janus Capital Management LLC increased its stake in 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 during the last quarter. Institutional investors and hedge funds own 82.84% of the company’s stock.

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.

5 Day Chart for NYSE:DAL

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