Delta Air Lines, Inc. (NYSE:DAL) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 14,735,044 shares, a decrease of 23.2% from the May 15th total of 19,192,637 shares. Based on an average trading volume of 6,818,920 shares, the short-interest ratio is presently 2.2 days. Currently, 2.0% of the company’s stock are sold short.

In other news, CEO Edward H. Bastian sold 25,000 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $48.55, for a total transaction of $1,213,750.00. Following the completion of the sale, the chief executive officer now owns 285,508 shares of the company’s stock, valued at $13,861,413.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joanne D. Smith sold 4,475 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $49.32, for a total transaction of $220,707.00. Following the sale, the executive vice president now directly owns 85,398 shares of the company’s stock, valued at approximately $4,211,829.36. The disclosure for this sale can be found here. In the last three months, insiders have bought 348,665 shares of company stock valued at $277,380 and have sold 55,606 shares valued at $2,753,289. 0.75% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of DAL. BlackRock Inc. raised its position in Delta Air Lines by 2,951.4% in the first quarter. BlackRock Inc. now owns 45,260,856 shares of the transportation company’s stock valued at $2,080,189,000 after buying an additional 43,777,555 shares during the last quarter. Lansdowne Partners UK LLP raised its position in Delta Air Lines by 7.3% in the first quarter. Lansdowne Partners UK LLP now owns 28,103,972 shares of the transportation company’s stock valued at $1,291,656,000 after buying an additional 1,918,036 shares during the last quarter. Primecap Management Co. CA raised its position in Delta Air Lines by 9.3% in the first quarter. Primecap Management Co. CA now owns 22,713,894 shares of the transportation company’s stock valued at $1,043,931,000 after buying an additional 1,930,614 shares during the last quarter. AQR Capital Management LLC raised its position in Delta Air Lines by 15.8% in the first quarter. AQR Capital Management LLC now owns 9,571,378 shares of the transportation company’s stock valued at $439,900,000 after buying an additional 1,308,115 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Delta Air Lines by 85.6% in the first quarter. Dimensional Fund Advisors LP now owns 7,039,445 shares of the transportation company’s stock valued at $323,542,000 after buying an additional 3,245,791 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Shares of Delta Air Lines (DAL) opened at 51.91 on Thursday. The firm has a market cap of $37.79 billion, a PE ratio of 9.57 and a beta of 1.13. Delta Air Lines has a 1-year low of $32.60 and a 1-year high of $53.57. The stock’s 50 day moving average is $49.40 and its 200-day moving average is $48.71.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, April 12th. The transportation company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.04. The company had revenue of $9.15 billion during the quarter, compared to analyst estimates of $9.14 billion. Delta Air Lines had a net margin of 10.19% and a return on equity of 28.67%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.32 earnings per share. Analysts expect that Delta Air Lines will post $5.12 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 19th were given a dividend of $0.2025 per share. The ex-dividend date was Wednesday, May 17th. This represents a $0.81 annualized dividend and a yield of 1.56%. Delta Air Lines’s payout ratio is currently 15.06%.

A number of research analysts recently weighed in on the stock. Cowen and Company reaffirmed an “outperform” rating and issued a $58.00 target price on shares of Delta Air Lines in a research report on Monday, April 17th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Delta Air Lines in a research report on Friday, May 26th. Citigroup Inc. raised their target price on shares of Delta Air Lines from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, May 12th. Vetr downgraded shares of Delta Air Lines from a “strong-buy” rating to a “buy” rating and set a $52.43 target price for the company. in a research report on Tuesday, May 2nd. Finally, Imperial Capital reaffirmed an “in-line” rating on shares of Delta Air Lines in a research report on Friday, March 17th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $53.35.

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About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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