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

Texas Yale Capital Corp. purchased a new position in Delta Air Lines, Inc. (NYSE:DAL) during the fourth quarter, HoldingsChannel reports. The firm purchased 3,854 shares of the transportation company’s stock, valued at approximately $233,000.

Other large investors also recently modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new position in Delta Air Lines in the fourth quarter worth about $27,000. Hemington Wealth Management lifted its stake in shares of 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 period. Roxbury Financial LLC purchased a new position in shares of Delta Air Lines in the fourth quarter worth approximately $29,000. Crews Bank & Trust bought a new stake in Delta Air Lines during the fourth quarter valued at approximately $30,000. Finally, Modus Advisors LLC bought a new position in Delta Air Lines in the fourth quarter worth approximately $33,000. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Trading Down 11.1 %

Shares of NYSE DAL opened at $39.34 on Friday. Delta Air Lines, Inc. has a fifty-two week low of $34.74 and a fifty-two week high of $69.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. The company has a market cap of $25.43 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 0.75 and a beta of 1.23. The business’s 50 day moving average price is $52.94 and its 200-day moving average price is $57.75.

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

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were paid a $0.15 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DAL. Susquehanna reduced their price objective on Delta Air Lines from $80.00 to $50.00 and set a “positive” rating for the company in a research note on Monday. UBS Group downgraded Delta Air Lines from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $77.00 to $42.00 in a research note on Monday. TD Cowen increased their price target on Delta Air Lines from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday. Dbs Bank lowered shares of Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Finally, Bank of America dropped their price target on Delta Air Lines from $65.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.77.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, SVP William C. Carroll sold 6,783 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.94, for a total transaction of $447,271.02. Following the transaction, the senior vice president now owns 10,016 shares of the company’s stock, valued at approximately $660,455.04. This trade represents a 40.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Rahul D. Samant sold 38,023 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the sale, the executive vice president now directly owns 52,789 shares of the company’s stock, valued at $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 three months, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is currently owned by company insiders.

Delta Air Lines Company 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.