Yousif Capital Management LLC Sells 9,017 Shares of Delta Air Lines, Inc. $DAL

Yousif Capital Management LLC cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 10.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,688 shares of the transportation company’s stock after selling 9,017 shares during the period. Yousif Capital Management LLC’s holdings in Delta Air Lines were worth $4,579,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new position in Delta Air Lines during the 2nd quarter valued at about $386,364,000. AQR Capital Management LLC raised its holdings in shares of Delta Air Lines by 149.9% during the first quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company’s stock valued at $246,487,000 after purchasing an additional 3,577,489 shares during the last quarter. Vanguard Group Inc. lifted its position in Delta Air Lines by 2.3% during the second quarter. Vanguard Group Inc. now owns 74,572,577 shares of the transportation company’s stock valued at $3,667,479,000 after purchasing an additional 1,648,071 shares during the period. Southpoint Capital Advisors LP bought a new position in Delta Air Lines during the first quarter valued at approximately $47,960,000. Finally, Thrivent Financial for Lutherans boosted its holdings in Delta Air Lines by 39.8% in the second quarter. Thrivent Financial for Lutherans now owns 2,407,585 shares of the transportation company’s stock worth $118,409,000 after purchasing an additional 685,312 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Delta Air Lines news, EVP John E. Laughter sold 23,323 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the transaction, the executive vice president owned 81,109 shares of the company’s stock, valued at $5,055,523.97. The trade was a 22.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the transaction, the senior vice president owned 15,816 shares of the company’s stock, valued at approximately $968,730. The trade was a 46.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.88% of the stock is currently owned by company insiders.

Delta Air Lines Price Performance

NYSE DAL opened at $71.02 on Friday. The business’s fifty day moving average is $63.08 and its 200 day moving average is $58.35. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $72.34. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.34 and a current ratio of 0.40. The company has a market capitalization of $46.37 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 EPS for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The firm had revenue of $8.40 billion for the quarter. Sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of research reports. BNP Paribas Exane boosted their target price on shares of Delta Air Lines from $70.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, December 8th. Cowen reaffirmed a “buy” rating on shares of Delta Air Lines in a report on Thursday, December 4th. Wolfe Research reduced their price objective on Delta Air Lines from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, November 17th. UBS Group began coverage on Delta Air Lines in a report on Friday, December 12th. They issued a “buy” rating and a $90.00 target price on the stock. Finally, Evercore ISI boosted their price target on Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $75.07.

About Delta Air Lines

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.