Delta Air Lines, Inc. (NYSE:DAL - Get Free Report) shares hit a new 52-week high during trading on Friday . The company traded as high as $53.15 and last traded at $52.52, with a volume of 1052879 shares trading hands. The stock had previously closed at $52.75.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Bank of America upped their price objective on shares of Delta Air Lines from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, April 11th. Morgan Stanley reiterated an "overweight" rating and set a $85.00 price objective on shares of Delta Air Lines in a research note on Thursday, April 11th. Susquehanna increased their price target on Delta Air Lines from $47.00 to $54.00 and gave the company a "positive" rating in a research note on Tuesday, April 9th. StockNews.com downgraded Delta Air Lines from a "buy" rating to a "hold" rating in a research note on Thursday, February 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Delta Air Lines from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Delta Air Lines currently has an average rating of "Buy" and a consensus price target of $58.29.
Check Out Our Latest Research Report on Delta Air Lines
Delta Air Lines Stock Down 0.3 %
The stock has a market cap of $33.66 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 0.77 and a beta of 1.38. The business's 50 day moving average is $46.82 and its 200 day moving average is $41.25. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.36 and a current ratio of 0.41.
Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. The business had revenue of $13.75 billion for the quarter, compared to analysts' expectations of $12.51 billion. During the same period in the previous year, the company posted $0.25 EPS. Delta Air Lines's revenue was up 7.8% on a year-over-year basis. Equities analysts expect that Delta Air Lines, Inc. will post 6.66 earnings per share for the current year.
Delta Air Lines Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Monday, May 13th. Delta Air Lines's dividend payout ratio (DPR) is presently 5.14%.
Insider Transactions at Delta Air Lines
In related news, President Glen W. Hauenstein sold 100,000 shares of Delta Air Lines stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $49.05, for a total value of $4,905,000.00. Following the completion of the sale, the president now owns 217,584 shares of the company's stock, valued at approximately $10,672,495.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, President Glen W. Hauenstein sold 100,000 shares of the firm's stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $49.05, for a total value of $4,905,000.00. Following the transaction, the president now directly owns 217,584 shares of the company's stock, valued at approximately $10,672,495.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alain Bellemare sold 24,073 shares of the company's stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the sale, the executive vice president now directly owns 141,451 shares of the company's stock, valued at approximately $6,911,295.86. The disclosure for this sale can be found here. Insiders have sold a total of 178,919 shares of company stock worth $8,834,653 in the last 90 days. 0.89% of the stock is owned by insiders.
Institutional Investors Weigh In On Delta Air Lines
A number of hedge funds have recently bought and sold shares of DAL. MeadowBrook Investment Advisors LLC acquired a new position in shares of Delta Air Lines during the 4th quarter worth about $27,000. Venturi Wealth Management LLC lifted its holdings in shares of Delta Air Lines by 396.6% during the fourth quarter. Venturi Wealth Management LLC now owns 720 shares of the transportation company's stock worth $29,000 after buying an additional 575 shares during the last quarter. Manchester Capital Management LLC boosted its position in shares of Delta Air Lines by 26,166.7% in the fourth quarter. Manchester Capital Management LLC now owns 788 shares of the transportation company's stock valued at $32,000 after acquiring an additional 785 shares during the period. Rise Advisors LLC boosted its position in shares of Delta Air Lines by 122.5% in the first quarter. Rise Advisors LLC now owns 821 shares of the transportation company's stock valued at $39,000 after acquiring an additional 452 shares during the period. Finally, Headlands Technologies LLC bought a new position in Delta Air Lines during the third quarter worth $35,000. 69.93% of the stock is currently owned by institutional investors.
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.
Further Reading
Before you consider Delta Air Lines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Delta Air Lines wasn't on the list.
While Delta Air Lines currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
