BidaskClub downgraded shares of Delta Air Lines, Inc. (NYSE:DAL) from a hold rating to a sell rating in a research note published on Friday morning.

Several other research firms also recently weighed in on DAL. Cowen and Company boosted their target price on Delta Air Lines from $58.00 to $66.00 and gave the company an outperform rating in a research report on Thursday, July 13th. Evercore ISI reissued an outperform rating and set a $66.00 target price on shares of Delta Air Lines in a research report on Friday, July 14th. Imperial Capital boosted their target price on Delta Air Lines from $52.00 to $54.00 and gave the company an in-line rating in a research report on Tuesday, July 11th. ValuEngine downgraded Delta Air Lines from a strong-buy rating to a buy rating in a research report on Tuesday, July 11th. Finally, Sanford C. Bernstein reissued an outperform rating and set a $60.00 target price on shares of Delta Air Lines in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $62.16.

Shares of Delta Air Lines (NYSE:DAL) traded up 3.25% during trading on Friday, hitting $46.68. 13,938,819 shares of the stock traded hands. The stock has a 50 day moving average price of $50.82 and a 200-day moving average price of $49.40. The stock has a market cap of $33.98 billion, a price-to-earnings ratio of 9.25 and a beta of 1.20. Delta Air Lines has a 1-year low of $36.02 and a 1-year high of $55.75.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by $0.02. The company had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $10.81 billion. Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.47 EPS. Equities analysts forecast that Delta Air Lines will post $5.12 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be paid a dividend of $0.305 per share. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, August 21st. Delta Air Lines’s dividend payout ratio is 24.25%.

In related news, President Glen W. Hauenstein sold 67,000 shares of the company’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $55.15, for a total transaction of $3,695,050.00. Following the completion of the sale, the president now directly owns 239,418 shares in the company, valued at approximately $13,203,902.70. 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 3,700 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $54.00, for a total value of $199,800.00. Following the sale, the executive vice president now owns 77,223 shares of the company’s stock, valued at $4,170,042. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 383,000 shares of company stock valued at $302,800 and have sold 75,700 shares valued at $4,171,150. Corporate insiders own 0.37% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in DAL. FNY Managed Accounts LLC acquired a new position in shares of Delta Air Lines during the first quarter valued at about $100,000. TrimTabs Asset Management LLC raised its position in shares of Delta Air Lines by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,416 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,136 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Delta Air Lines during the first quarter valued at about $114,000. Mountain Capital Investment Advisors Inc acquired a new position in shares of Delta Air Lines during the second quarter valued at about $114,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Delta Air Lines by 40.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 2,761 shares of the transportation company’s stock valued at $127,000 after buying an additional 793 shares in the last quarter. 87.88% of the stock is currently owned by institutional investors.

Delta Air Lines Company Profile

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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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