Traders Buy Shares of Delta Air Lines (DAL) on Weakness

Investors purchased shares of Delta Air Lines, Inc. (NYSE:DAL) on weakness during trading on Monday. $106.80 million flowed into the stock on the tick-up and $58.86 million flowed out of the stock on the tick-down, for a money net flow of $47.94 million into the stock. Of all stocks tracked, Delta Air Lines had the 9th highest net in-flow for the day. Delta Air Lines traded down ($0.59) for the day and closed at $60.12

DAL has been the subject of several recent research reports. Stephens reissued a “buy” rating and issued a $68.00 target price on shares of Delta Air Lines in a research report on Monday, October 1st. Morgan Stanley set a $65.00 price objective on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Friday, October 5th. ValuEngine raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Citigroup decreased their price objective on shares of Delta Air Lines from $65.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, October 3rd. Finally, Buckingham Research upped their price objective on shares of Delta Air Lines from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $68.21.

The company has a current ratio of 0.37, a quick ratio of 0.31 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $41.62 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.70 and a beta of 0.93.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Thursday, October 11th. The transportation company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.06. Delta Air Lines had a net margin of 7.87% and a return on equity of 27.72%. The firm had revenue of $11.95 billion during the quarter, compared to the consensus estimate of $11.96 billion. During the same period in the prior year, the firm earned $1.57 EPS. Equities analysts predict that Delta Air Lines, Inc. will post 5.52 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 28th. Shareholders of record on Wednesday, November 7th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Tuesday, November 6th. Delta Air Lines’s dividend payout ratio (DPR) is presently 28.40%.

Institutional investors have recently modified their holdings of the business. Honkamp Krueger Financial Services Inc. bought a new stake in Delta Air Lines in the 3rd quarter valued at $116,000. Bell Rock Capital LLC bought a new stake in Delta Air Lines in the 3rd quarter valued at $122,000. Capital Advisors Ltd. LLC bought a new stake in Delta Air Lines in the 3rd quarter valued at $139,000. Truvestments Capital LLC bought a new stake in Delta Air Lines in the 3rd quarter valued at $143,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Delta Air Lines by 162.2% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,570 shares of the transportation company’s stock valued at $149,000 after purchasing an additional 1,590 shares during the period. 87.66% of the stock is owned by hedge funds and other institutional investors.

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Delta Air Lines Company Profile (NYSE:DAL)

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, international gateways, and airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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