Delta Air Lines (NYSE:DAL – Free Report) had its price objective boosted by Jefferies Financial Group from $78.00 to $81.00 in a research note published on Monday,MarketScreener reports. They currently have a buy rating on the transportation company’s stock.
DAL has been the topic of several other reports. BMO Capital Markets reissued an “outperform” rating on shares of Delta Air Lines in a research report on Wednesday, January 14th. Zacks Research cut shares of Delta Air Lines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 17th. UBS Group boosted their price target on shares of Delta Air Lines from $84.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. HSBC cut their price target on shares of Delta Air Lines from $80.20 to $79.30 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Finally, Wolfe Research decreased their target price on shares of Delta Air Lines from $81.00 to $73.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.26.
Delta Air Lines Trading Down 1.1%
Delta Air Lines (NYSE:DAL – Get Free Report) last issued its quarterly earnings results on Wednesday, April 8th. The transportation company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. Delta Air Lines had a net margin of 6.87% and a return on equity of 20.28%. The firm had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $14.05 billion. During the same period in the previous year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, research analysts anticipate that Delta Air Lines will post 7.63 EPS for the current fiscal year.
Delta Air Lines Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, February 26th were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, February 26th. Delta Air Lines’s dividend payout ratio is presently 10.93%.
Insider Buying and Selling
In other Delta Air Lines news, insider Peter W. Carter sold 27,000 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $74.82, for a total value of $2,020,140.00. Following the transaction, the insider directly owned 421,744 shares of the company’s stock, valued at $31,554,886.08. This represents a 6.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Edward H. Bastian sold 100,000 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $70.26, for a total transaction of $7,026,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,363,448 shares in the company, valued at approximately $95,795,856.48. This represents a 6.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 689,854 shares of company stock worth $48,850,735 in the last 90 days. 0.96% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. increased its holdings in shares of Delta Air Lines by 7.7% during the third quarter. Federated Hermes Inc. now owns 358,870 shares of the transportation company’s stock worth $20,366,000 after purchasing an additional 25,507 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Delta Air Lines by 10.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 87,344 shares of the transportation company’s stock worth $4,957,000 after acquiring an additional 8,309 shares in the last quarter. Independent Advisor Alliance boosted its position in shares of Delta Air Lines by 41.3% during the 3rd quarter. Independent Advisor Alliance now owns 53,601 shares of the transportation company’s stock worth $3,042,000 after acquiring an additional 15,661 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Delta Air Lines by 14.0% during the 3rd quarter. TD Asset Management Inc now owns 457,796 shares of the transportation company’s stock worth $25,980,000 after acquiring an additional 56,365 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of Delta Air Lines during the 3rd quarter worth approximately $1,041,000. 69.93% of the stock is owned by institutional investors.
Key Delta Air Lines News
Here are the key news stories impacting Delta Air Lines this week:
- Positive Sentiment: Delta is rolling out an updated Delta One suite and new private premium business-class suites aimed at boosting higher-margin premium revenue, supporting longer-term unit-revenue improvement. Delta One suite unveiled
- Positive Sentiment: Analysts raised targets and stayed constructive: Jefferies lifted its target to $81 (buy) and TD Cowen has increased its model-based target to $84, which underpins upside expectations versus current levels. Jefferies raises target to $81
- Positive Sentiment: Product enhancements continue: media coverage and analyst notes highlight Delta’s investment in premium cabins and pricing power, which management says helps offset cost pressures. Delta upgrades business class
- Neutral Sentiment: Strategic partnerships could add ancillary revenue: coverage notes an Amazon–Delta in-flight Wi‑Fi tie-up that may open new revenue channels if execution scales. Amazon and Delta in-flight Wi‑Fi
- Negative Sentiment: Insider selling: EVP John E. Laughter sold ~69,304 shares (~50% reduction in his holdings), a large discloseable sale that can spook investors even if it’s for diversification or liquidity reasons. SEC filing: insider sale
- Negative Sentiment: Fuel/geopolitical risk is rising: reports about a possible Hormuz blockade and related oil-market tension have pushed concerns about jet-fuel availability and prices, a direct margin headwind for airlines. Airline stocks drop amid Hormuz blockade fears
- Negative Sentiment: Recent coverage flagged Delta’s “double miss” impact from a jet-fuel-driven cost spike; that underscores earnings vulnerability if fuel stays elevated despite pricing power. Delta’s double miss warning
Delta Air Lines Company Profile
Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.
The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.
See Also
Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.
