Delta Air Lines, Inc. (DAL) is U S Global Investors Inc.’s 5th Largest Position

U S Global Investors Inc. increased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 8.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 296,734 shares of the transportation company’s stock after purchasing an additional 24,061 shares during the quarter. Delta Air Lines makes up 4.2% of U S Global Investors Inc.’s investment portfolio, making the stock its 5th largest holding. U S Global Investors Inc.’s holdings in Delta Air Lines were worth $14,311,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of DAL. Bessemer Group Inc. lifted its holdings in shares of Delta Air Lines by 104.3% during the second quarter. Bessemer Group Inc. now owns 2,543 shares of the transportation company’s stock worth $137,000 after buying an additional 1,298 shares during the last quarter. Beach Investment Management LLC. lifted its holdings in shares of Delta Air Lines by 1,780.1% during the second quarter. Beach Investment Management LLC. now owns 352,330 shares of the transportation company’s stock worth $18,934,000 after buying an additional 333,590 shares during the last quarter. BP PLC acquired a new position in shares of Delta Air Lines during the second quarter worth approximately $1,182,000. Global X Management Co. LLC increased its position in shares of Delta Air Lines by 5.6% during the second quarter. Global X Management Co. LLC now owns 33,681 shares of the transportation company’s stock valued at $1,810,000 after purchasing an additional 1,775 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in shares of Delta Air Lines by 31.2% during the second quarter. Canada Pension Plan Investment Board now owns 443,203 shares of the transportation company’s stock valued at $23,818,000 after purchasing an additional 105,387 shares during the period. Hedge funds and other institutional investors own 85.24% of the company’s stock.

Shares of Delta Air Lines, Inc. (NYSE DAL) opened at $53.46 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.43. The company has a market capitalization of $38,115.54, a price-to-earnings ratio of 11.14, a PEG ratio of 1.62 and a beta of 1.29. Delta Air Lines, Inc. has a 1-year low of $43.81 and a 1-year high of $55.75.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, October 11th. The transportation company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.53 by $0.04. The company had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $11.03 billion. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 earnings per share. research analysts expect that Delta Air Lines, Inc. will post 5 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Thursday, November 16th. Delta Air Lines’s payout ratio is presently 24.50%.

In other news, CEO Edward H. Bastian sold 159,240 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $53.06, for a total transaction of $8,449,274.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steven M. Sear sold 6,898 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $53.01, for a total value of $365,662.98. The disclosure for this sale can be found here. Insiders have sold 239,810 shares of company stock worth $12,684,903 in the last 90 days. Company insiders own 0.37% of the company’s stock.

A number of analysts have recently issued reports on DAL shares. Deutsche Bank lowered their price objective on Delta Air Lines from $62.00 to $59.00 and set a “buy” rating on the stock in a research report on Wednesday, September 6th. BidaskClub cut Delta Air Lines from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded Delta Air Lines from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Morgan Stanley restated an “overweight” rating on shares of Delta Air Lines in a research report on Tuesday, September 12th. Finally, Cowen restated a “buy” rating and set a $60.00 price objective on shares of Delta Air Lines in a research report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $63.39.

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About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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