Delta Air Lines Inc. (NYSE:DAL)’s share price was down 6.9% on Tuesday . The company traded as low as $36.70 and last traded at $36.75, with a volume of 11,249,620 shares. The stock had previously closed at $39.48.

A number of equities analysts recently weighed in on DAL shares. JPMorgan Chase & Co. reduced their target price on shares of Delta Air Lines from $63.00 to $48.50 and set an “overweight” rating for the company in a research note on Wednesday, July 27th. Cowen and Company reduced their target price on shares of Delta Air Lines from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Wednesday, July 6th. Sterne Agee CRT reaffirmed a “buy” rating on shares of Delta Air Lines in a research note on Monday, May 16th. Raymond James Financial Inc. reaffirmed an “outperform” rating on shares of Delta Air Lines in a research note on Wednesday, June 15th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $59.00 target price (down from $65.00) on shares of Delta Air Lines in a research note on Thursday, April 28th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $58.39.

The stock has a market capitalization of $27.58 billion and a P/E ratio of 5.93. The company has a 50-day moving average of $38.20 and a 200-day moving average of $43.50.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 14th. The company reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.05. The company earned $10.45 billion during the quarter, compared to analysts’ expectations of $10.51 billion. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.27 EPS. On average, equities research analysts anticipate that Delta Air Lines Inc. will post $5.86 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 12th will be given a dividend of $0.2025 per share. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, August 10th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 2.23%.

In other Delta Air Lines news, CFO Paul A. Jacobson bought 25,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were purchased at an average price of $38.91 per share, for a total transaction of $972,750.00. Following the transaction, the chief financial officer now directly owns 328,631 shares of the company’s stock, valued at approximately $12,787,032.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO W Gilbert West sold 12,000 shares of the stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $44.00, for a total value of $528,000.00. Following the transaction, the chief operating officer now owns 106,990 shares in the company, valued at approximately $4,707,560. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have made changes to their positions in DAL. Mizuho Trust & Banking Co. Ltd. raised its position in shares of Delta Air Lines by 2.9% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 322,703 shares of the company’s stock worth $16,513,000 after buying an additional 9,066 shares during the period. Gulf International Bank UK Ltd raised 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 worth $3,010,000 after buying an additional 350 shares during the period. Bank of Montreal Can raised its position in shares of Delta Air Lines by 25.2% in the fourth quarter. Bank of Montreal Can now owns 274,935 shares of the company’s stock worth $13,934,000 after buying an additional 55,255 shares during the period. Principal Financial Group Inc. raised 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 worth $103,912,000 after buying an additional 236,710 shares during the period. Finally, Dai Ichi Life Insurance CO. LTD. raised its position in shares of Delta Air Lines by 46.7% in the fourth quarter. Dai Ichi Life Insurance CO. LTD. now owns 55,027 shares of the company’s stock worth $2,789,000 after buying an additional 17,512 shares during the period.

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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