Delta Air Lines, Inc. Hits Another Speed Bump
- Author: Zachary Reyes Mar 08, 2017,
Mar 08, 2017, 5:31
While looking at the Stock's Performance, Delta Air Lines, Inc. now shows a Weekly Performance of -0.65%, where Monthly Performance is 6.49%, Quarterly performance is 4.46%, 6 Months performance is 37.58% and yearly performance percentage is 4.54%. Major Airlines NYSE shows a value of -0.50% with Outstanding shares of 746.37. Cowen and Company raised their price objective on Delta Air Lines from $57.00 to $60.00 and gave the company an "outperform" rating in a research report on Friday, January 13th. At present, 3 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. This represents a $0.81 annualized dividend and a dividend yield of 1.66%.
The current consensus rating on Delta Air Lines (NYSE:DAL) is Buy (Score: 2.78) with a consensus target price of $54.47 per share, a potential 8.65% upside.
Some buy side analysts are also providing their Analysis on Delta Air Lines, Inc., where 8 analysts have rated the stock as Strong buy, 6 analysts have given a Buy signal, 2 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. According to a research note disclosed on April 01, 2016, analysts at Deutsche Bank have lowered their rating on these shares from Buy to Hold.
ATR value of company was 1.10.
Delta Air said operating margin will increase in the range of 10-11 percent, down from a rise of 11-13 percent it previously expected. The business earned $9.46 billion during the quarter, compared to the consensus estimate of $9.40 billion.
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On 7/27/2015 Delta Air Lines announced a quarterly dividend of $0.14 1.23% with an ex dividend date of 8/5/2015 which will be payable on 8/28/2015. Delta Air Lines's payout ratio is now 14.04%. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have bought 56,000 shares of company stock valued at $53,840 and have sold 216,058 shares valued at $10,887,714.
In related news, CEO Edward H. Bastian sold 103,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $49.50, for a total value of $231,214.50. The disclosure for this purchase can be found here. Company insiders own 0.75% of the company's stock. South Dakota Investment Council increased its position in Delta Air Lines by 47.4% in the second quarter. Archford Capital Strategies LLC now owns 2,732 shares of the company's stock valued at $100,000 after buying an additional 2,648 shares during the last quarter. Financial Engines Advisors L.L.C. now owns 3,085 shares of the company's stock valued at $121,000 after buying an additional 2,521 shares during the last quarter. AQR Capital Management LLC boosted its stake in Delta Air Lines by 58.7% in the fourth quarter. Financial Engines Advisors L.L.C. increased its stake in shares of Delta Air Lines by 447.0% in the third quarter. Institutional investors own 79.44% of the company's stock.
Delta Air Lines, Inc. didn't just lower its forecast for passenger revenue per available seat mile. The Company's operates through segments, including Airline Segment and Refinery Segment. The Company's route network is centered around a system of hub, global gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.