Delta Air Lines (NYSE:DAL) had its target price boosted by Cowen from $62.00 to $67.00 in a research note released on Tuesday, April 2nd, Stock Target Advisor reports. The brokerage currently has an outperform rating on the transportation company’s stock.
Other equities analysts also recently issued research reports about the company. Vertical Research assumed coverage on Delta Air Lines in a research report on Monday, February 4th. They set a hold rating for the company. Imperial Capital increased their price objective on Delta Air Lines from $76.00 to $83.00 and gave the company an outperform rating in a report on Tuesday, December 4th. Credit Suisse Group set a $67.00 price objective on Delta Air Lines and gave the company a buy rating in a report on Wednesday, January 16th. Zacks Investment Research downgraded Delta Air Lines from a buy rating to a hold rating in a report on Friday, January 4th. Finally, Stephens reissued a buy rating on shares of Delta Air Lines in a report on Sunday, January 6th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $66.21.
NYSE:DAL traded down $0.39 during trading hours on Tuesday, reaching $57.85. 3,275,200 shares of the stock were exchanged, compared to its average volume of 8,046,217. Delta Air Lines has a twelve month low of $45.08 and a twelve month high of $61.32. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 1.05. The company has a market cap of $38.15 billion, a P/E ratio of 10.24, a price-to-earnings-growth ratio of 0.70 and a beta of 1.08.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 2nd will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Wednesday, May 1st. Delta Air Lines’s dividend payout ratio (DPR) is presently 24.78%.
In other Delta Air Lines news, major shareholder Berkshire Hathaway Inc purchased 1,202,961 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average price of $49.65 per share, for a total transaction of $59,727,013.65. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO W Gilbert West sold 21,000 shares of the stock in a transaction on Friday, February 8th. The shares were sold at an average price of $50.49, for a total value of $1,060,290.00. Following the completion of the sale, the chief operating officer now owns 136,799 shares in the company, valued at approximately $6,906,981.51. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 3,559,723 shares of company stock worth $176,077,837 and sold 166,901 shares worth $9,186,138. 0.33% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of DAL. Oregon Public Employees Retirement Fund increased its position in Delta Air Lines by 3,837.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,713,031 shares of the transportation company’s stock worth $215,000 after buying an additional 10,440,934 shares during the period. FMR LLC increased its position in Delta Air Lines by 30.9% during the 4th quarter. FMR LLC now owns 9,742,670 shares of the transportation company’s stock worth $486,161,000 after buying an additional 2,298,101 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Delta Air Lines by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,801,924 shares of the transportation company’s stock worth $389,356,000 after purchasing an additional 50,255 shares during the period. Geode Capital Management LLC increased its position in shares of Delta Air Lines by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 7,757,127 shares of the transportation company’s stock worth $386,658,000 after purchasing an additional 532,550 shares during the period. Finally, Neuberger Berman Group LLC increased its position in shares of Delta Air Lines by 1.0% in the third quarter. Neuberger Berman Group LLC now owns 6,867,623 shares of the transportation company’s stock worth $397,155,000 after purchasing an additional 69,137 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.
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