Delta Air Lines, Inc. (NYSE:DAL) had its price target reduced by Deutsche Bank AG from $62.00 to $59.00 in a research report released on Wednesday morning. They currently have a buy rating on the transportation company’s stock.

Several other research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Delta Air Lines from a hold rating to a strong-buy rating and set a $62.00 target price on the stock in a report on Tuesday, July 4th. Bank of America Corporation raised their target price on shares of Delta Air Lines from $64.00 to $71.00 and gave the stock a buy rating in a report on Friday, June 30th. Citigroup Inc. raised their target price on shares of Delta Air Lines from $63.00 to $65.00 and gave the stock a buy rating in a report on Friday, May 12th. ValuEngine raised shares of Delta Air Lines from a buy rating to a strong-buy rating in a report on Tuesday, June 20th. Finally, Vetr raised shares of Delta Air Lines from a buy rating to a strong-buy rating and set a $57.50 target price on the stock in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $61.34.

Shares of Delta Air Lines (NYSE:DAL) opened at 47.45 on Wednesday. Delta Air Lines has a 12-month low of $36.59 and a 12-month high of $55.75. The firm’s 50-day moving average price is $48.78 and its 200-day moving average price is $49.23. The firm has a market capitalization of $34.54 billion, a P/E ratio of 9.41 and a beta of 1.25.

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

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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd will be issued a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Monday, August 21st. This is a positive change from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s payout ratio is 24.25%.

In other news, Director George N. Mattson bought 6,000 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average price of $45.44 per share, with a total value of $272,640.00. Following the completion of the purchase, the director now directly owns 61,510 shares of the company’s stock, valued at $2,795,014.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Craig M. Meynard sold 5,000 shares of Delta Air Lines stock in a transaction on Friday, July 14th. The stock was sold at an average price of $55.26, for a total transaction of $276,300.00. Following the transaction, the vice president now directly owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The disclosure for this sale can be found here. In the last quarter, insiders have bought 335,000 shares of company stock worth $298,960 and have sold 75,700 shares worth $4,171,150. 0.37% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Roundview Capital LLC raised its stake in Delta Air Lines by 0.3% during the second quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock worth $275,000 after buying an additional 15 shares during the last quarter. Patten Group Inc. raised its stake in Delta Air Lines by 0.3% during the first quarter. Patten Group Inc. now owns 9,307 shares of the transportation company’s stock worth $420,000 after buying an additional 30 shares during the last quarter. Traynor Capital Management Inc. raised its stake in Delta Air Lines by 1.2% during the second quarter. Traynor Capital Management Inc. now owns 4,911 shares of the transportation company’s stock worth $246,000 after buying an additional 58 shares during the last quarter. Independent Advisor Alliance raised its stake in Delta Air Lines by 0.8% during the first quarter. Independent Advisor Alliance now owns 8,254 shares of the transportation company’s stock worth $372,000 after buying an additional 64 shares during the last quarter. Finally, MUFG Securities EMEA plc raised its stake in 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 worth $285,000 after buying an additional 65 shares during the last quarter. 86.49% of the stock is owned by institutional investors and hedge funds.

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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