Traders bought shares of Delta Air Lines, Inc. (NYSE:DAL) on weakness during trading on Monday. $86.87 million flowed into the stock on the tick-up and $51.52 million flowed out of the stock on the tick-down, for a money net flow of $35.35 million into the stock. Of all companies tracked, Delta Air Lines had the 12th highest net in-flow for the day. Delta Air Lines traded down ($0.11) for the day and closed at $48.11

A number of research firms have commented on DAL. Imperial Capital upped their price target on Delta Air Lines from $76.00 to $83.00 and gave the company an “outperform” rating in a research report on Tuesday, December 4th. Citigroup upped their price target on Delta Air Lines from $64.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, November 29th. Susquehanna Bancshares began coverage on Delta Air Lines in a research report on Wednesday, November 28th. They issued a “positive” rating and a $69.00 price target on the stock. Goldman Sachs Group began coverage on Delta Air Lines in a research report on Monday, November 12th. They issued a “neutral” rating and a $64.00 price target on the stock. Finally, Stephens reiterated a “buy” rating and issued a $68.00 price target on shares of Delta Air Lines in a research report on Monday, October 1st. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Delta Air Lines presently has an average rating of “Buy” and a consensus target price of $67.22.

The company has a market cap of $32.99 billion, a PE ratio of 8.52, a PEG ratio of 0.56 and a beta of 1.13. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.35 and a quick ratio of 0.28.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Tuesday, January 15th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.03. The company had revenue of $10.74 billion for the quarter, compared to the consensus estimate of $10.71 billion. Delta Air Lines had a return on equity of 29.43% and a net margin of 8.78%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 EPS. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 6.5 EPS for the current year.

In related news, CEO Edward H. Bastian sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $50.00, for a total transaction of $3,000,000.00. Following the transaction, the chief executive officer now directly owns 326,943 shares of the company’s stock, valued at approximately $16,347,150. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director George N. Mattson purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, December 20th. The shares were purchased at an average cost of $50.91 per share, for a total transaction of $203,640.00. Following the completion of the purchase, the director now owns 72,530 shares in the company, valued at approximately $3,692,502.30. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of DAL. Dubuque Bank & Trust Co. grew its holdings in shares of Delta Air Lines by 2,920.0% in the fourth quarter. Dubuque Bank & Trust Co. now owns 755 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 730 shares in the last quarter. Csenge Advisory Group bought a new position in shares of Delta Air Lines in the third quarter valued at approximately $42,000. Legacy Financial Advisors Inc. grew its holdings in shares of Delta Air Lines by 377.6% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,323 shares of the transportation company’s stock valued at $66,000 after acquiring an additional 1,046 shares in the last quarter. Honkamp Krueger Financial Services Inc. bought a new position in shares of Delta Air Lines in the third quarter valued at approximately $116,000. Finally, Bell Rock Capital LLC bought a new position in shares of Delta Air Lines in the third quarter valued at approximately $122,000. 87.72% of the stock is currently owned by institutional investors and hedge funds.

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About Delta Air Lines (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.

Further Reading: Do investors pay a separate front-end load every time they buy additional shares?

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