Delta Air Lines (NYSE:DAL – Free Report) had its price objective lifted by Sanford C. Bernstein from $81.00 to $88.00 in a research note published on Monday morning, Marketbeat Ratings reports. Sanford C. Bernstein currently has an outperform rating on the transportation company’s stock.
Several other equities analysts have also issued reports on the company. Citigroup lifted their price target on Delta Air Lines from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Delta Air Lines in a research report on Wednesday, January 14th. Susquehanna lowered their price target on Delta Air Lines from $81.00 to $78.00 and set a “positive” rating for the company in a research report on Thursday, April 9th. Jefferies Financial Group lifted their price target on Delta Air Lines from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Finally, Seaport Research Partners lifted their price target on Delta Air Lines from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.76.
Check Out Our Latest Stock Analysis on Delta Air Lines
Delta Air Lines Stock Performance
Delta Air Lines (NYSE:DAL – Get Free Report) last announced its quarterly earnings data on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The business had revenue of $14.20 billion during the quarter, compared to analyst estimates of $14.05 billion. Delta Air Lines had a return on equity of 20.28% and a net margin of 6.87%.The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 earnings per share. On average, equities analysts forecast that Delta Air Lines will post 5.26 earnings per share for the current fiscal year.
Delta Air Lines Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be given a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.75 dividend on an annualized basis and a yield of 1.1%. Delta Air Lines’s payout ratio is 10.93%.
Insiders Place Their Bets
In other Delta Air Lines news, EVP Alain Bellemare sold 20,621 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $72.75, for a total value of $1,500,177.75. Following the completion of the transaction, the executive vice president owned 120,025 shares of the company’s stock, valued at approximately $8,731,818.75. The trade was a 14.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edward H. Bastian sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $70.26, for a total value of $7,026,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,363,448 shares of the company’s stock, valued at approximately $95,795,856.48. This trade represents a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 204,925 shares of company stock valued at $14,323,395. 0.80% of the stock is owned by insiders.
Hedge Funds Weigh In On Delta Air Lines
Hedge funds have recently bought and sold shares of the business. Capital International Investors increased its position in shares of Delta Air Lines by 4.4% during the 4th quarter. Capital International Investors now owns 24,211,101 shares of the transportation company’s stock valued at $1,680,249,000 after purchasing an additional 1,012,265 shares during the last quarter. State Street Corp increased its position in shares of Delta Air Lines by 0.7% during the 4th quarter. State Street Corp now owns 23,163,644 shares of the transportation company’s stock valued at $1,607,557,000 after purchasing an additional 165,729 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Delta Air Lines by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 17,413,841 shares of the transportation company’s stock valued at $1,215,766,000 after purchasing an additional 202,865 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Delta Air Lines by 137.4% during the 4th quarter. Wellington Management Group LLP now owns 13,811,787 shares of the transportation company’s stock valued at $958,538,000 after purchasing an additional 7,994,004 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Delta Air Lines by 0.5% during the 4th quarter. Morgan Stanley now owns 12,310,804 shares of the transportation company’s stock valued at $854,370,000 after purchasing an additional 56,455 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.
Delta Air Lines Company Profile
Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.
The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.
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