Shares of Delta Air Lines Inc. (NYSE:DAL) were down 1.5% during trading on Thursday . The stock traded as low as $36.85 and last traded at $36.96, with a volume of 8,095,799 shares changing hands. The stock had previously closed at $37.51.

Several analysts have commented on DAL shares. Morgan Stanley reissued a “buy” rating on shares of Delta Air Lines in a research report on Friday, June 10th. Sterne Agee CRT reissued a “buy” rating on shares of Delta Air Lines in a research report on Monday, May 16th. Wolfe Research reissued a “buy” rating and set a $62.00 price target (down from $63.00) on shares of Delta Air Lines in a research report on Monday, May 16th. Credit Suisse Group AG restated a “buy” rating on shares of Delta Air Lines in a report on Monday, May 16th. Finally, Bank of America Corp. restated a “buy” rating and set a $65.00 price objective on shares of Delta Air Lines in a report on Tuesday, May 17th. Three 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 stock currently has a consensus rating of “Buy” and a consensus price target of $58.39.

The stock’s 50-day moving average price is $37.95 and its 200 day moving average price is $42.80. The firm has a market cap of $28.10 billion and a PE ratio of 6.04.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, July 14th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.05. The business had revenue of $10.45 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter in the previous year, the firm earned $1.27 EPS. Delta Air Lines’s revenue for the quarter was down 2.4% compared to the same quarter last year. Equities research analysts expect that Delta Air Lines Inc. will post $5.84 earnings per share for the current fiscal year.

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

In other news, Director George N. Mattson acquired 10,000 shares of Delta Air Lines stock in a transaction on Wednesday, August 3rd. The stock was bought at an average price of $36.50 per share, for a total transaction of $365,000.00. Following the completion of the purchase, the director now owns 54,750 shares in the company, valued at $1,998,375. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul A. Jacobson acquired 25,000 shares of Delta Air Lines stock in a transaction on Monday, July 25th. The stock was purchased at an average price of $38.91 per share, with a total value of $972,750.00. Following the purchase, the chief financial officer now owns 328,631 shares of the company’s stock, valued at approximately $12,787,032.21. The disclosure for this purchase can be found here.

A number of large investors have recently modified their holdings of DAL. Schwab Charles Investment Management Inc. boosted its stake in shares of Delta Air Lines by 12.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,716,397 shares of the company’s stock worth $188,385,000 after buying an additional 404,763 shares in the last quarter. State of Tennessee Treasury Department boosted its stake 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. I.G. Investment Management LTD. purchased a new stake in shares of Delta Air Lines during the fourth quarter worth $14,615,000. Schroder Investment Management Group boosted its stake in shares of Delta Air Lines by 256.4% in the fourth quarter. Schroder Investment Management Group now owns 361,194 shares of the company’s stock worth $18,308,000 after buying an additional 259,860 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake 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.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.