Investors sold shares of Delta Air Lines Inc. (NYSE:DAL) on strength during trading on Tuesday. $55.58 million flowed into the stock on the tick-up and $72.23 million flowed out of the stock on the tick-down, for a money net flow of $16.65 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 $0.02 for the day and closed at $36.94

DAL has been the subject of several recent research reports. Morgan Stanley restated an “overweight” rating and set a $59.00 target price (down from $65.00) on shares of Delta Air Lines in a report on Thursday, April 28th. Bank of America Corp. restated a “buy” rating and set a $65.00 target price on shares of Delta Air Lines in a report on Tuesday, May 17th. Credit Suisse Group AG restated a “buy” rating on shares of Delta Air Lines in a report on Monday, May 16th. Wolfe Research restated a “buy” rating and set a $62.00 target price (down from $63.00) on shares of Delta Air Lines in a report on Monday, May 16th. Finally, Sterne Agee CRT restated a “buy” rating on shares of Delta Air Lines in a report on Monday, May 16th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $58.39.

The firm has a market cap of $28.00 billion and a PE ratio of 6.02. The firm’s 50-day moving average price is $37.87 and its 200 day moving average price is $42.83.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Thursday, July 14th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.05. During the same quarter in the previous year, the firm posted $1.27 EPS. The company had revenue of $10.45 billion for the quarter, compared to analyst estimates of $10.51 billion. Delta Air Lines’s quarterly revenue was down 2.4% on a year-over-year basis. Equities analysts predict that Delta Air Lines Inc. will post $5.84 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 12th will be issued a dividend of $0.2025 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.81 annualized dividend and a yield of 2.19%. This is an increase from Delta Air Lines’s previous quarterly dividend of $0.14.

In related news, CFO Paul A. Jacobson acquired 25,000 shares of the business’s stock in a transaction on 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 acquisition, the chief financial officer now owns 328,631 shares in the company, valued at $12,787,032.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Richard H. Anderson sold 758,000 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $40.07, for a total value of $30,373,060.00. Following the sale, the chairman now owns 743,827 shares in the company, valued at approximately $29,805,147.89. The disclosure for this sale can be found here.

A number of hedge funds recently bought and sold shares of DAL. Calvert Investment Management Inc. increased its stake in Delta Air Lines by 32.2% in the fourth quarter. Calvert Investment Management Inc. now owns 58,908 shares of the company’s stock valued at $2,986,000 after buying an additional 14,346 shares during the last quarter. American International Group Inc. increased its position in shares of Delta Air Lines by 12.9% in the fourth quarter. American International Group Inc. now owns 376,915 shares of the company’s stock worth $19,105,000 after buying an additional 43,127 shares in the last quarter. State of Tennessee Treasury Department increased its position in shares of Delta Air Lines by 43.3% in the fourth quarter. State of Tennessee Treasury Department now owns 1,326,208 shares of the company’s stock worth $67,226,000 after buying an additional 400,552 shares in the last quarter. BNP Paribas Arbitrage SA increased 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 worth $63,415,000 after buying an additional 142,808 shares in the last quarter. Finally, I.G. Investment Management LTD. acquired a new position in shares of Delta Air Lines during the fourth quarter worth $14,615,000.

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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