Yousif Capital Management LLC Has $3.91 Million Stake in Delta Air Lines, Inc. (NYSE:DAL)

Yousif Capital Management LLC reduced its stake in Delta Air Lines, Inc. (NYSE:DAL) by 1.0% in the 1st quarter, Holdings Channel reports. The firm owned 89,613 shares of the transportation company’s stock after selling 893 shares during the period. Yousif Capital Management LLC’s holdings in Delta Air Lines were worth $3,907,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DAL. Hemington Wealth Management lifted its holdings in Delta Air Lines by 48.1% in the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock worth $28,000 after purchasing an additional 154 shares during the last quarter. Roxbury Financial LLC acquired a new stake in Delta Air Lines in the 4th quarter worth approximately $29,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Delta Air Lines by 414.4% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company’s stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Graney & King LLC acquired a new stake in Delta Air Lines in the 4th quarter worth approximately $34,000. Finally, Continuum Advisory LLC lifted its holdings in Delta Air Lines by 44.2% in the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company’s stock worth $35,000 after purchasing an additional 179 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DAL has been the subject of several analyst reports. Susquehanna reduced their target price on Delta Air Lines from $80.00 to $50.00 and set a “positive” rating for the company in a report on Monday, April 7th. Barclays reduced their target price on Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. TD Cowen boosted their target price on Delta Air Lines from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, April 10th. Raymond James dropped their price target on Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 2nd. Finally, Bank of America dropped their price target on Delta Air Lines from $65.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.08.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $48.86 on Friday. The company has a market cap of $31.90 billion, a P/E ratio of 9.17, a P/E/G ratio of 0.75 and a beta of 1.51. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The business’s 50 day moving average is $45.72 and its two-hundred day moving average is $54.58.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). The firm had revenue of $12.98 billion for the quarter, compared to the consensus estimate of $13.85 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. On average, equities analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Tuesday, May 13th. Delta Air Lines’s dividend payout ratio is presently 10.64%.

Delta Air Lines Profile

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.