Delta Air Lines (NYSE:DAL – Free Report) had its price target increased by TD Cowen from $84.00 to $92.00 in a research note released on Wednesday,MarketScreener reports. The brokerage currently has a buy rating on the transportation company’s stock.
DAL has been the topic of several other research reports. HSBC dropped their price objective on Delta Air Lines from $80.20 to $79.30 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Argus raised their price target on Delta Air Lines from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Weiss Ratings cut Delta Air Lines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 6th. Sanford C. Bernstein boosted their price objective on Delta Air Lines from $81.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Finally, Wolfe Research dropped their price objective on shares of Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.
View Our Latest Research Report on Delta Air Lines
Delta Air Lines Stock Down 0.9%
Delta Air Lines (NYSE:DAL – Get Free Report) last issued its earnings results 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 firm had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $14.05 billion. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 earnings per share. As a group, sell-side analysts anticipate that Delta Air Lines will post 5.26 EPS for the current year.
Delta Air Lines Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.1875 per share. 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 0.9%. Delta Air Lines’s dividend payout ratio is 10.93%.
Insider Transactions at Delta Air Lines
In other news, EVP John E. Laughter sold 69,304 shares of Delta Air Lines stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $68.15, for a total value of $4,723,067.60. Following the sale, the executive vice president directly owned 69,369 shares in the company, valued at $4,727,497.35. This trade represents a 49.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Allison C. Ausband sold 9,710 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $76.00, for a total transaction of $737,960.00. Following the completion of the sale, the executive vice president directly owned 138,854 shares in the company, valued at approximately $10,552,904. This represents a 6.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 119,635 shares of company stock valued at $8,402,855 in the last ninety days. 0.80% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Delta Air Lines
A number of large investors have recently modified their holdings of DAL. AlphaQuest LLC boosted its position in Delta Air Lines by 90.6% during the third quarter. AlphaQuest LLC now owns 444 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 211 shares during the last quarter. Accredited Wealth Management LLC increased its position in shares of Delta Air Lines by 1,983.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the transportation company’s stock worth $28,000 after purchasing an additional 476 shares during the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Delta Air Lines during the 4th quarter worth approximately $31,000. SWAN Capital LLC boosted its holdings in shares of Delta Air Lines by 1,016.0% in the 3rd quarter. SWAN Capital LLC now owns 558 shares of the transportation company’s stock valued at $32,000 after buying an additional 508 shares during the last quarter. Finally, Camelot Portfolios LLC acquired a new stake in shares of Delta Air Lines in the 4th quarter valued at approximately $34,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.
Delta Air Lines News Roundup
Here are the key news stories impacting Delta Air Lines this week:
- Positive Sentiment: TD Cowen and UBS raised their price targets on Delta, reinforcing confidence in the company’s earnings outlook and helping push the stock higher. Delta (DAL) Stock Is Up, What You Need To Know
- Positive Sentiment: UBS lifted its price target to $98 from $95 and kept a buy rating, citing a more favorable sector backdrop. UBS Adjusts Price Target on Delta Air Lines
- Positive Sentiment: Airline stocks rallied as oil prices retreated, easing jet fuel cost pressure and improving expected profitability across the industry, including Delta. Airline Stocks Rally as Oil Retreat Eases Fuel Cost Pressure
- Positive Sentiment: Delta’s recent quarterly results were solid, with EPS and revenue both beating expectations, supporting the case that earnings momentum remains intact. Delta Air Lines Stock Page
- Neutral Sentiment: An insider sale by EVP Allison Ausband was disclosed, but the transaction was relatively small versus her remaining holdings and does not appear to be the main stock driver today.
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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