Investors Sell Shares of Delta Air Lines, Inc. (DAL) on Strength (DAL)

Investors sold shares of Delta Air Lines, Inc. (NYSE:DAL) on strength during trading hours on Tuesday. $140.22 million flowed into the stock on the tick-up and $177.81 million flowed out of the stock on the tick-down, for a money net flow of $37.59 million out of the stock. Of all equities tracked, Delta Air Lines had the 0th highest net out-flow for the day. Delta Air Lines traded up $3.18 for the day and closed at $51.25

Several analysts have recently weighed in on DAL shares. Deutsche Bank AG reiterated a “buy” rating and set a $62.00 target price (up from $58.00) on shares of Delta Air Lines in a research report on Friday, July 14th. Zacks Investment Research lowered shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 21st. Imperial Capital reiterated a “hold” rating and set a $50.00 target price on shares of Delta Air Lines in a research report on Wednesday, September 6th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $63.00 target price (down from $67.00) on shares of Delta Air Lines in a research report on Wednesday, September 27th. Finally, Vetr upgraded 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 research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Delta Air Lines currently has an average rating of “Buy” and a consensus target price of $61.47.

The company has a market capitalization of $37.54 billion, a P/E ratio of 10.22 and a beta of 1.24. The firm has a 50-day moving average price of $47.91 and a 200 day moving average price of $49.20.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.02). Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The company had revenue of $10.79 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same quarter in the previous year, the business posted $1.47 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts anticipate that Delta Air Lines, Inc. will post $5.12 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd were paid a $0.305 dividend. This is an increase 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 2.37%. The ex-dividend date of this dividend was Monday, August 21st. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.25%.

In related news, President Glen W. Hauenstein sold 67,000 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $55.15, for a total value of $3,695,050.00. Following the completion of the transaction, the president now owns 239,418 shares in the company, valued at approximately $13,203,902.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Joanne D. Smith sold 3,700 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $54.00, for a total transaction of $199,800.00. Following the completion of the transaction, the executive vice president now owns 77,223 shares of the company’s stock, valued at approximately $4,170,042. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 141,000 shares of company stock worth $283,440 and sold 75,700 shares worth $4,171,150. Company insiders own 0.37% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pensionfund Sabic bought a new position in Delta Air Lines in the 3rd quarter valued at approximately $1,495,000. Pensionfund DSM Netherlands bought a new position in Delta Air Lines in the 3rd quarter valued at approximately $2,700,000. Norman Fields Gottscho Capital Management LLC raised its holdings in Delta Air Lines by 2.8% in the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 82,604 shares of the transportation company’s stock valued at $3,983,000 after buying an additional 2,219 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in Delta Air Lines by 35.3% in the 2nd quarter. Lord Abbett & CO. LLC now owns 826,685 shares of the transportation company’s stock valued at $44,426,000 after buying an additional 215,825 shares during the last quarter. Finally, Sentry Investment Management LLC raised its holdings in Delta Air Lines by 1.4% in the 2nd quarter. Sentry Investment Management LLC now owns 122,528 shares of the transportation company’s stock valued at $6,585,000 after buying an additional 1,654 shares during the last quarter. Institutional investors and hedge funds own 86.26% of the company’s stock.

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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.

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