U S Global Investors Inc. Has $111.41 Million Position in Delta Air Lines, Inc. (NYSE:DAL)

U S Global Investors Inc. lessened its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 19.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,841,470 shares of the transportation company’s stock after selling 449,432 shares during the period. Delta Air Lines makes up about 11.0% of U S Global Investors Inc.’s portfolio, making the stock its 4th largest holding. U S Global Investors Inc. owned approximately 0.29% of Delta Air Lines worth $111,409,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of DAL. Dynasty Wealth Management LLC acquired a new stake in shares of Delta Air Lines in the 4th quarter valued at approximately $938,000. Parkside Financial Bank & Trust grew its stake in shares of Delta Air Lines by 19.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,452 shares of the transportation company’s stock worth $209,000 after buying an additional 561 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of Delta Air Lines by 69.8% during the fourth quarter. QRG Capital Management Inc. now owns 91,372 shares of the transportation company’s stock worth $5,528,000 after buying an additional 37,547 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Delta Air Lines during the fourth quarter worth $10,408,000. Finally, New York Life Investment Management LLC lifted its stake in shares of Delta Air Lines by 2.0% in the 4th quarter. New York Life Investment Management LLC now owns 85,094 shares of the transportation company’s stock valued at $5,148,000 after acquiring an additional 1,638 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In other Delta Air Lines news, EVP Rahul D. Samant sold 38,023 shares of the business’s stock in a transaction 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 completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at $30,721,357.15. This trade represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 162,886 shares of company stock valued at $11,116,463 over the last ninety days. 0.96% of the stock is owned by company insiders.

Delta Air Lines Stock Down 3.2 %

Delta Air Lines stock opened at $59.71 on Friday. The company has a market capitalization of $38.60 billion, a PE ratio of 11.20, a PEG ratio of 0.75 and a beta of 1.36. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98. The firm’s fifty day moving average is $64.34 and its 200 day moving average is $56.94. 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 (NYSE:DAL) last released its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The business’s revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts predict that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. Delta Air Lines’s dividend payout ratio is 11.26%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DAL shares. StockNews.com raised Delta Air Lines from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Citigroup raised their price objective on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. TD Cowen upped their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 13th. UBS Group reiterated a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $78.22.

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.