Texas Yale Capital Corp. Purchases Shares of 3,854 Delta Air Lines, Inc. (NYSE:DAL)

Texas Yale Capital Corp. acquired a new stake in shares of Delta Air Lines, Inc. (NYSE:DAL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,854 shares of the transportation company’s stock, valued at approximately $233,000.

A number of other large investors also recently modified their holdings of the company. Orion Portfolio Solutions LLC grew its position in Delta Air Lines by 14.0% during the third quarter. Orion Portfolio Solutions LLC now owns 19,541 shares of the transportation company’s stock valued at $992,000 after acquiring an additional 2,401 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Delta Air Lines by 18.4% during the 3rd quarter. MML Investors Services LLC now owns 71,389 shares of the transportation company’s stock valued at $3,626,000 after purchasing an additional 11,094 shares during the last quarter. Geode Capital Management LLC raised its position in Delta Air Lines by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock worth $789,452,000 after purchasing an additional 416,338 shares during the period. Coldstream Capital Management Inc. lifted its stake in Delta Air Lines by 17.0% in the third quarter. Coldstream Capital Management Inc. now owns 13,224 shares of the transportation company’s stock worth $700,000 after purchasing an additional 1,920 shares during the last quarter. Finally, Arete Wealth Advisors LLC boosted its position in Delta Air Lines by 6.8% during the third quarter. Arete Wealth Advisors LLC now owns 6,222 shares of the transportation company’s stock valued at $315,000 after buying an additional 395 shares during the period. 69.93% of the stock is owned by hedge funds and other institutional investors.

Delta Air Lines Stock Performance

Shares of Delta Air Lines stock opened at $39.34 on Friday. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The firm has a market capitalization of $25.43 billion, a P/E ratio of 7.38, a P/E/G ratio of 0.75 and a beta of 1.23. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The business has a fifty day simple moving average of $52.94 and a two-hundred day simple moving average of $57.75.

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

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Thursday, February 27th. Delta Air Lines’s dividend payout ratio (DPR) is presently 11.26%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DAL. Jefferies Financial Group reissued a “hold” rating and issued a $46.00 target price (down previously from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Susquehanna decreased their target price on shares of Delta Air Lines from $80.00 to $50.00 and set a “positive” rating on the stock in a research note on Monday. The Goldman Sachs Group dropped their price target on shares of Delta Air Lines from $83.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Raymond James cut their price target on shares of Delta Air Lines from $80.00 to $62.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 2nd. Finally, UBS Group cut Delta Air Lines from a “buy” rating to a “neutral” rating and cut their target price for the stock from $77.00 to $42.00 in a research note on Monday. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.77.

Insider Buying and Selling at Delta Air Lines

In other Delta Air Lines news, CEO Edward H. Bastian sold 91,710 shares of Delta Air Lines stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total value of $6,405,943.50. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at approximately $30,721,357.15. The trade was a 17.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rahul D. Samant sold 38,023 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the sale, the executive vice president now owns 52,789 shares in the company, valued at approximately $3,425,478.21. The trade was a 41.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 162,886 shares of company stock worth $11,116,463. 0.96% of the stock is owned by insiders.

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.