Traders Buy Delta Air Lines (DAL) on Weakness

Investors bought shares of Delta Air Lines, Inc. (NYSE:DAL) on weakness during trading on Monday. $92.19 million flowed into the stock on the tick-up and $43.70 million flowed out of the stock on the tick-down, for a money net flow of $48.49 million into the stock. Of all equities tracked, Delta Air Lines had the 12th highest net in-flow for the day. Delta Air Lines traded down ($0.10) for the day and closed at $52.85

Several equities analysts recently weighed in on the stock. Stephens set a $67.00 target price on shares of Delta Air Lines and gave the company a “buy” rating in a research note on Monday, December 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. Zacks Investment Research raised shares of Delta Air Lines from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Vetr cut shares of Delta Air Lines from a “sell” rating to a “strong sell” rating and set a $45.16 target price for the company. in a research note on Wednesday, November 29th. Finally, Cowen raised their target price on shares of Delta Air Lines from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, December 15th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Delta Air Lines currently has an average rating of “Buy” and an average price target of $65.35.

The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The firm has a market cap of $37,410.00, a PE ratio of 10.62, a P/E/G ratio of 0.71 and a beta of 1.14.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, January 11th. The transportation company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.08. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.28%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the business earned $0.82 earnings per share. Delta Air Lines’s quarterly revenue was up 8.3% compared to the same quarter last year. analysts anticipate that Delta Air Lines, Inc. will post 6.44 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be issued a $0.305 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.22 annualized dividend and a dividend yield of 2.33%. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.70%.

In other news, CEO Edward H. Bastian sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $52.79, for a total value of $1,055,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George N. Mattson bought 10,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was purchased at an average price of $51.89 per share, with a total value of $518,900.00. Following the acquisition, the director now directly owns 66,510 shares in the company, valued at approximately $3,451,203.90. The disclosure for this purchase can be found here. Insiders sold a total of 343,638 shares of company stock valued at $19,592,923 in the last 90 days. Company insiders own 0.37% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Baker Ellis Asset Management LLC bought a new stake in shares of Delta Air Lines in the 4th quarter worth about $106,000. SeaCrest Wealth Management LLC bought a new stake in shares of Delta Air Lines in the 4th quarter worth about $121,000. Advisory Services Network LLC lifted its holdings in shares of Delta Air Lines by 3.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,546 shares of the transportation company’s stock worth $137,000 after acquiring an additional 75 shares during the last quarter. Global Trust Asset Management LLC bought a new stake in shares of Delta Air Lines in the 4th quarter worth about $185,000. Finally, Blue Granite Capital LLC bought a new stake in shares of Delta Air Lines in the 3rd quarter worth about $162,000. Hedge funds and other institutional investors own 86.23% 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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