U S Global Investors Inc. Decreases Stock Position in Delta Air Lines, Inc. (NYSE:DAL)

U S Global Investors Inc. lowered its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 24.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,290,902 shares of the transportation company's stock after selling 721,702 shares during the quarter. Delta Air Lines makes up approximately 11.2% of U S Global Investors Inc.'s holdings, making the stock its 2nd biggest position. U S Global Investors Inc. owned about 0.36% of Delta Air Lines worth $116,355,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DAL. Jupiter Asset Management Ltd. purchased a new position in Delta Air Lines in the second quarter valued at about $60,217,000. Russell Investments Group Ltd. lifted its position in shares of Delta Air Lines by 96.1% in the first quarter. Russell Investments Group Ltd. now owns 2,487,387 shares of the transportation company's stock worth $119,057,000 after buying an additional 1,219,074 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Delta Air Lines by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company's stock worth $471,330,000 after buying an additional 1,105,674 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Delta Air Lines by 159.8% in the second quarter. American Century Companies Inc. now owns 588,436 shares of the transportation company's stock worth $27,915,000 after buying an additional 361,942 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Delta Air Lines by 98.5% in the second quarter. Sei Investments Co. now owns 667,373 shares of the transportation company's stock worth $31,660,000 after buying an additional 331,197 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Sanford C. Bernstein boosted their price target on Delta Air Lines from $62.00 to $65.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price target on Delta Air Lines from $68.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. Bank of America boosted their price target on Delta Air Lines from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, October 11th. BNP Paribas raised Delta Air Lines to a "strong-buy" rating in a research report on Thursday, September 19th. Finally, Susquehanna boosted their price objective on Delta Air Lines from $50.00 to $59.00 and gave the stock a "positive" rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $65.40.

Insider Activity

In other news, EVP Alain Bellemare sold 19,490 shares of the company's stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total value of $1,077,017.40. Following the sale, the executive vice president now directly owns 121,961 shares in the company, valued at approximately $6,739,564.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Alain Bellemare sold 19,490 shares of the company's stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $55.26, for a total value of $1,077,017.40. Following the sale, the executive vice president now directly owns 121,961 shares in the company, valued at approximately $6,739,564.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Joanne D. Smith sold 3,431 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $50.46, for a total value of $173,128.26. Following the sale, the executive vice president now owns 108,990 shares in the company, valued at approximately $5,499,635.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company's stock.

Delta Air Lines Stock Performance

Delta Air Lines stock traded down $0.30 during trading hours on Tuesday, hitting $54.80. The stock had a trading volume of 5,125,280 shares, compared to its average volume of 9,494,603. The company has a 50-day moving average of $46.13 and a two-hundred day moving average of $47.21. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.21. The company has a market cap of $35.36 billion, a PE ratio of 7.88, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35. Delta Air Lines, Inc. has a fifty-two week low of $30.60 and a fifty-two week high of $56.48.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.02). The firm had revenue of $15.68 billion during the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a net margin of 7.46% and a return on equity of 36.02%. The company's revenue was up 1.2% on a year-over-year basis. During the same period last year, the company earned $2.03 EPS. On average, equities research analysts anticipate that Delta Air Lines, Inc. will post 6.17 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 10th will be paid a $0.15 dividend. The ex-dividend date is Thursday, October 10th. This represents a $0.60 annualized dividend and a dividend yield of 1.09%. Delta Air Lines's dividend payout ratio is currently 8.63%.

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.