Investors sold shares of Delta Air Lines Inc. (NYSE:DAL) on strength during trading on Friday. $68.14 million flowed into the stock on the tick-up and $109.14 million flowed out of the stock on the tick-down, for a money net flow of $41.00 million out of the stock. Of all companies tracked, Delta Air Lines had the 0th highest net out-flow for the day. Delta Air Lines traded up $1.00 for the day and closed at $37.37

A number of research analysts have recently commented on DAL shares. Vetr lowered shares of Delta Air Lines from a “buy” rating to a “sell” rating and set a $47.16 price objective for the company. in a research report on Wednesday, March 16th. Raymond James Financial Inc. upped their price objective on shares of Delta Air Lines to $62.00 in a research report on Friday, March 25th. Stephens started coverage on shares of Delta Air Lines in a research report on Tuesday, March 29th. They set an “overweight” rating and a $65.00 price objective for the company. Zacks Investment Research lowered shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Wednesday, March 30th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating on shares of Delta Air Lines in a research report on Thursday, March 31st. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $61.26.

The firm’s 50-day moving average is $39.57 and its 200 day moving average is $44.63. The firm has a market cap of $28.92 billion and a price-to-earnings ratio of 6.26.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings data on Thursday, April 14th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.03. The business earned $9.25 billion during the quarter, compared to analyst estimates of $9.24 billion. During the same quarter last year, the firm earned $0.45 EPS. Delta Air Lines’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts predict that Delta Air Lines Inc. will post $5.94 EPS for the current fiscal year.

In other news, EVP Peter W. Carter bought 2,500 shares of the company’s stock in a transaction dated Wednesday, May 4th. The stock was bought at an average cost of $41.42 per share, for a total transaction of $103,550.00. Following the transaction, the executive vice president now owns 89,580 shares of the company’s stock, valued at $3,710,403.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard H. Anderson sold 264,300 shares of the business’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $46.49, for a total transaction of $12,287,307.00. Following the completion of the transaction, the chief executive officer now owns 591,008 shares of the company’s stock, valued at $27,475,961.92. The disclosure for this sale can be found here.

Other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Delta Air Lines by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 43,325,413 shares of the company’s stock valued at $2,196,165,000 after buying an additional 450,073 shares during the last quarter. Boston Partners boosted its position in shares of Delta Air Lines by 7.3% in the fourth quarter. Boston Partners now owns 13,005,283 shares of the company’s stock valued at $659,238,000 after buying an additional 889,679 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Delta Air Lines by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,353,890 shares of the company’s stock valued at $119,326,000 after buying an additional 122,292 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Delta Air Lines by 13.1% in the fourth quarter. Principal Financial Group Inc. now owns 2,049,932 shares of the company’s stock valued at $103,912,000 after buying an additional 236,710 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Delta Air Lines by 12.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 1,251,038 shares of the company’s stock valued at $63,415,000 after buying an additional 142,808 shares during the last quarter.

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through segments, including Airline Segment and Refinery Segment. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

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