Delta Air Lines, Inc. (NYSE:DAL) had its price target trimmed by Cowen and Company from $60.00 to $58.00 in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has an outperform rating on the transportation company’s stock.

Several other brokerages also recently weighed in on DAL. Evercore ISI restated an outperform rating and set a $66.00 target price on shares of Delta Air Lines in a research note on Friday, July 14th. ValuEngine downgraded Delta Air Lines from a strong-buy rating to a buy rating in a research note on Tuesday, July 11th. Imperial Capital increased their target price on Delta Air Lines from $52.00 to $54.00 and gave the company an in-line rating in a research note on Tuesday, July 11th. Morgan Stanley restated an overweight rating and set a $62.00 target price (down previously from $63.00) on shares of Delta Air Lines in a research note on Friday, July 14th. Finally, Stifel Nicolaus restated a buy rating and set a $80.00 target price (up previously from $75.00) on shares of Delta Air Lines in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $61.58.

Delta Air Lines (NYSE:DAL) opened at 48.22 on Thursday. Delta Air Lines has a 12 month low of $37.91 and a 12 month high of $55.75. The firm has a market capitalization of $35.10 billion, a price-to-earnings ratio of 9.56 and a beta of 1.25. The firm has a 50 day moving average price of $48.31 and a 200-day moving average price of $49.10.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Thursday, July 13th. The transportation company reported $1.64 earnings per share for the quarter, missing the 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 business had revenue of $10.79 billion for the quarter, compared to the consensus estimate of $10.81 billion. During the same quarter in the previous year, the company earned $1.47 EPS. Delta Air Lines’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that Delta Air Lines will post $5.12 EPS for the current year.

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The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd were given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Monday, August 21st. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s dividend payout ratio (DPR) is 24.25%.

In related news, VP Craig M. Meynard sold 5,000 shares of the firm’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $55.26, for a total transaction of $276,300.00. Following the completion of the sale, the vice president now directly owns 7,437 shares of the company’s stock, valued at approximately $410,968.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Glen W. Hauenstein sold 67,000 shares of the firm’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $55.15, for a total value of $3,695,050.00. Following the sale, the president now directly owns 239,418 shares of the company’s stock, valued at $13,203,902.70. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 191,000 shares of company stock valued at $287,440 and have sold 75,700 shares valued at $4,171,150. 0.37% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Delta Air Lines by 2,951.4% during the 1st quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock valued at $2,080,189,000 after purchasing an additional 43,777,555 shares in the last quarter. Vanguard Group Inc. increased its holdings in Delta Air Lines by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 44,951,865 shares of the transportation company’s stock valued at $2,415,714,000 after purchasing an additional 274,997 shares in the last quarter. Lansdowne Partners UK LLP increased its holdings in Delta Air Lines by 7.3% during the 1st quarter. Lansdowne Partners UK LLP now owns 28,103,972 shares of the transportation company’s stock valued at $1,291,656,000 after purchasing an additional 1,918,036 shares in the last quarter. Primecap Management Co. CA increased its holdings in Delta Air Lines by 9.3% during the 1st quarter. Primecap Management Co. CA now owns 22,713,894 shares of the transportation company’s stock valued at $1,043,931,000 after purchasing an additional 1,930,614 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Delta Air Lines by 15.8% during the 1st quarter. AQR Capital Management LLC now owns 9,571,378 shares of the transportation company’s stock valued at $439,900,000 after purchasing an additional 1,308,115 shares in the last quarter. 86.26% of the stock is owned by hedge funds and other institutional investors.

About Delta Air Lines

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.

Analyst Recommendations for Delta Air Lines (NYSE:DAL)

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