Yousif Capital Management LLC Sells 7,511 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Yousif Capital Management LLC reduced its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 8.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 85,757 shares of the transportation company’s stock after selling 7,511 shares during the period. Yousif Capital Management LLC’s holdings in Delta Air Lines were worth $3,450,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Navalign LLC grew its holdings in shares of Delta Air Lines by 1.7% in the fourth quarter. Navalign LLC now owns 17,402 shares of the transportation company’s stock valued at $700,000 after acquiring an additional 293 shares in the last quarter. Summit X LLC grew its holdings in shares of Delta Air Lines by 1.1% in the third quarter. Summit X LLC now owns 28,205 shares of the transportation company’s stock valued at $1,044,000 after acquiring an additional 307 shares in the last quarter. Chesley Taft & Associates LLC grew its holdings in shares of Delta Air Lines by 2.4% in the fourth quarter. Chesley Taft & Associates LLC now owns 13,922 shares of the transportation company’s stock valued at $560,000 after acquiring an additional 332 shares in the last quarter. Telemus Capital LLC grew its holdings in shares of Delta Air Lines by 7.2% in the third quarter. Telemus Capital LLC now owns 5,689 shares of the transportation company’s stock valued at $210,000 after acquiring an additional 380 shares in the last quarter. Finally, 180 Wealth Advisors LLC grew its holdings in shares of Delta Air Lines by 2.2% in the fourth quarter. 180 Wealth Advisors LLC now owns 18,056 shares of the transportation company’s stock valued at $730,000 after acquiring an additional 391 shares in the last quarter. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Trading Up 0.1 %

NYSE:DAL opened at $49.92 on Friday. The company has a market cap of $32.21 billion, a P/E ratio of 6.42, a P/E/G ratio of 0.74 and a beta of 1.43. The stock’s fifty day moving average price is $45.03 and its two-hundred day moving average price is $40.21. Delta Air Lines, Inc. has a 1 year low of $30.60 and a 1 year high of $50.24. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Thursday, April 11th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The firm had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a return on equity of 41.89% and a net margin of 8.48%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 earnings per share. As a group, analysts expect that Delta Air Lines, Inc. will post 6.52 EPS for the current year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 14th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, May 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.80%. Delta Air Lines’s dividend payout ratio is currently 5.14%.

Insiders Place Their Bets

In related news, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the sale, the executive vice president now owns 141,451 shares in the company, valued at $6,911,295.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Alain Bellemare sold 24,073 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $48.86, for a total value of $1,176,206.78. Following the sale, the executive vice president now owns 141,451 shares in the company, valued at $6,911,295.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward H. Bastian sold 71,840 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the completion of the sale, the chief executive officer now owns 428,768 shares in the company, valued at approximately $16,807,705.60. The disclosure for this sale can be found here. Insiders have sold a total of 195,913 shares of company stock worth $8,897,335 over the last 90 days. Corporate insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Bank of America upped their target price on Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, April 11th. TheStreet upgraded Delta Air Lines from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. StockNews.com downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Susquehanna upped their price objective on Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $58.29.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.