A number of other equities analysts also recently weighed in on DAL. Vetr downgraded Delta Air Lines from a sell rating to a strong sell rating and set a $45.16 price target for the company. in a research report on Wednesday, November 29th. ValuEngine upgraded Delta Air Lines from a buy rating to a strong-buy rating in a research note on Friday, December 1st. Cowen upped their price objective on Delta Air Lines from $62.00 to $66.00 and gave the stock an outperform rating in a research note on Friday, December 15th. Stifel Nicolaus reiterated a buy rating and set a $85.00 price objective (up previously from $75.00) on shares of Delta Air Lines in a research note on Wednesday, January 10th. Finally, Sanford C. Bernstein set a $67.00 price objective on Delta Air Lines and gave the stock a buy rating in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $67.16.
NYSE:DAL opened at $54.81 on Thursday. Delta Air Lines has a twelve month low of $43.81 and a twelve month high of $60.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.42 and a quick ratio of 0.35. The company has a market cap of $38,745.90, a price-to-earnings ratio of 11.12 and a beta of 1.16.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 23rd were paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, February 22nd. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.75%.
In related news, EVP Joanne D. Smith sold 24,250 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $59.03, for a total value of $1,431,477.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO W Gilbert West sold 9,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $56.06, for a total value of $504,540.00. Following the completion of the sale, the chief operating officer now owns 61,872 shares in the company, valued at approximately $3,468,544.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 114,250 shares of company stock worth $6,794,500. 0.37% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Baker Ellis Asset Management LLC bought a new stake in Delta Air Lines in the 4th quarter valued at $106,000. SeaCrest Wealth Management LLC bought a new stake in Delta Air Lines in the 4th quarter valued at $121,000. Global Trust Asset Management LLC bought a new stake in Delta Air Lines in the 4th quarter valued at $185,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in Delta Air Lines by 233.3% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,500 shares of the transportation company’s stock valued at $196,000 after acquiring an additional 2,450 shares during the period. Finally, Nadler Financial Group Inc. bought a new stake in Delta Air Lines in the 4th quarter valued at $202,000. Institutional investors and hedge funds own 87.59% 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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