Investors sold shares of Delta Air Lines Inc. (NYSE:DAL) on strength during trading hours 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 equities 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 brokerages recently weighed in on DAL. Zacks Investment Research downgraded shares of Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Monday, June 20th. Deutsche Bank AG reissued a “hold” rating on shares of Delta Air Lines in a research note on Saturday, April 9th. Credit Suisse Group AG lifted their target price on shares of Delta Air Lines from $48.00 to $51.00 and gave the stock an “outperform” rating in a research note on Wednesday. Vetr raised shares of Delta Air Lines from a “buy” rating to a “strong-buy” rating and set a $56.34 target price for the company in a research note on Tuesday, March 29th. Finally, Stephens began coverage on shares of Delta Air Lines in a research note on Tuesday, March 29th. They set an “overweight” rating and a $65.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $61.26.

The company has a market cap of $28.92 billion and a PE ratio of 6.26. The company has a 50-day moving average price of $39.57 and a 200 day moving average price of $44.63.

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

In other Delta Air Lines news, COO W Gilbert West sold 12,000 shares of Delta Air Lines stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $44.00, for a total transaction of $528,000.00. Following the transaction, the chief operating officer now owns 106,990 shares of the company’s stock, valued at $4,707,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter W. Carter purchased 2,500 shares of the stock in a transaction on Wednesday, May 4th. The shares were purchased at an average cost of $41.42 per share, for a total transaction of $103,550.00. Following the acquisition, the executive vice president now directly owns 89,580 shares of the company’s stock, valued at $3,710,403.60. The disclosure for this purchase can be found here.

Other institutional investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Delta Air Lines by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,385 shares of the company’s stock valued at $2,605,000 after buying an additional 281 shares in the last quarter. Gulf International Bank UK Ltd increased its position in shares of Delta Air Lines by 0.6% in the fourth quarter. Gulf International Bank UK Ltd now owns 59,371 shares of the company’s stock valued at $3,010,000 after buying an additional 350 shares in the last quarter. Advantus Capital Management Inc increased its position in shares of Delta Air Lines by 0.6% in the fourth quarter. Advantus Capital Management Inc now owns 75,202 shares of the company’s stock valued at $3,812,000 after buying an additional 437 shares in the last quarter. Gratus Capital LLC increased its position in shares of Delta Air Lines by 4.9% in the fourth quarter. Gratus Capital LLC now owns 52,366 shares of the company’s stock valued at $2,654,000 after buying an additional 2,424 shares in the last quarter. Finally, Palladium Partners LLC increased its position in shares of Delta Air Lines by 5.4% in the fourth quarter. Palladium Partners LLC now owns 77,635 shares of the company’s stock valued at $3,935,000 after buying an additional 3,985 shares in 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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