Investors Sell Delta Air Lines, Inc. (DAL) on Strength (DAL)

Investors sold shares of Delta Air Lines, Inc. (NYSE:DAL) on strength during trading hours on Monday. $75.24 million flowed into the stock on the tick-up and $141.27 million flowed out of the stock on the tick-down, for a money net flow of $66.03 million out of the stock. Of all equities tracked, Delta Air Lines had the 0th highest net out-flow for the day. Delta Air Lines traded up $1.37 for the day and closed at $48.82

DAL has been the subject of several research analyst reports. ValuEngine upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Vetr upgraded shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $57.50 price objective for the company in a research note on Tuesday, July 25th. BidaskClub cut shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Deutsche Bank AG restated a “buy” rating and issued a $62.00 price objective (up previously from $58.00) on shares of Delta Air Lines in a research note on Friday, July 14th. Finally, Cowen and Company restated a “buy” rating and issued a $60.00 price objective on shares of Delta Air Lines in a research note on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Delta Air Lines currently has a consensus rating of “Buy” and an average price target of $61.34.

The firm has a market cap of $35.70 billion, a P/E ratio of 9.72 and a beta of 1.25. The stock’s 50-day moving average is $48.69 and its 200 day moving average is $49.19.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 13th. The transportation company reported $1.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.02). Delta Air Lines had a net margin of 9.30% and a return on equity of 28.33%. The firm had revenue of $10.79 billion during the quarter, compared to analyst estimates of $10.81 billion. During the same period in the prior year, the company earned $1.47 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts expect that Delta Air Lines, Inc. will post $5.12 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be issued a $0.305 dividend. The ex-dividend date of this dividend is Monday, August 21st. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. This represents a $1.22 annualized dividend and a yield of 2.49%. Delta Air Lines’s dividend payout ratio is presently 24.25%.

In other Delta Air Lines news, Director George N. Mattson purchased 6,000 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were purchased at an average cost of $45.44 per share, for a total transaction of $272,640.00. Following the acquisition, the director now owns 61,510 shares of the company’s stock, valued at $2,795,014.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Glen W. Hauenstein sold 67,000 shares of the stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $55.15, for a total value of $3,695,050.00. Following the transaction, the president now owns 239,418 shares in the company, valued at $13,203,902.70. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 275,000 shares of company stock worth $294,160 and sold 75,700 shares worth $4,171,150. Corporate insiders own 0.37% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Roundview Capital LLC lifted its holdings in shares of Delta Air Lines by 0.3% in the 2nd quarter. Roundview Capital LLC now owns 5,115 shares of the transportation company’s stock worth $275,000 after purchasing an additional 15 shares in the last quarter. Patten Group Inc. lifted its holdings in shares of Delta Air Lines by 0.3% in the 1st quarter. Patten Group Inc. now owns 9,307 shares of the transportation company’s stock worth $420,000 after purchasing an additional 30 shares in the last quarter. Traynor Capital Management Inc. lifted its holdings in shares of Delta Air Lines by 1.2% in the 2nd quarter. Traynor Capital Management Inc. now owns 4,911 shares of the transportation company’s stock worth $246,000 after purchasing an additional 58 shares in the last quarter. Independent Advisor Alliance lifted its holdings in shares of Delta Air Lines by 0.8% in the 1st quarter. Independent Advisor Alliance now owns 8,254 shares of the transportation company’s stock worth $372,000 after purchasing an additional 64 shares in the last quarter. Finally, MUFG Securities EMEA plc lifted its holdings in shares of Delta Air Lines by 1.2% in the 2nd quarter. MUFG Securities EMEA plc now owns 5,307 shares of the transportation company’s stock worth $285,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 86.49% 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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