Delta Air Lines, Inc. $DAL Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. trimmed its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 22.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,361,033 shares of the transportation company’s stock after selling 405,134 shares during the period. Delta Air Lines accounts for approximately 8.7% of U S Global Investors Inc.’s holdings, making the stock its 2nd largest position. U S Global Investors Inc. owned about 0.21% of Delta Air Lines worth $77,239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Signature Resources Capital Management LLC bought a new stake in Delta Air Lines in the second quarter worth $25,000. NewSquare Capital LLC raised its holdings in Delta Air Lines by 184.6% during the second quarter. NewSquare Capital LLC now owns 572 shares of the transportation company’s stock valued at $28,000 after buying an additional 371 shares in the last quarter. Activest Wealth Management lifted its position in shares of Delta Air Lines by 2,280.8% in the second quarter. Activest Wealth Management now owns 619 shares of the transportation company’s stock worth $30,000 after buying an additional 593 shares during the last quarter. Kilter Group LLC acquired a new stake in shares of Delta Air Lines in the second quarter worth about $35,000. Finally, Chung Wu Investment Group LLC bought a new stake in shares of Delta Air Lines during the 2nd quarter worth about $49,000. Institutional investors own 69.93% of the company’s stock.

Insider Transactions at Delta Air Lines

In other news, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total transaction of $858,112.50. Following the completion of the transaction, the senior vice president owned 15,816 shares of the company’s stock, valued at approximately $968,730. This represents a 46.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John E. Laughter sold 23,323 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total value of $1,453,722.59. Following the completion of the transaction, the executive vice president directly owned 81,109 shares of the company’s stock, valued at approximately $5,055,523.97. This trade represents a 22.33% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.88% of the stock is currently owned by corporate insiders.

Delta Air Lines Stock Down 0.5%

DAL opened at $69.05 on Friday. The business has a 50 day moving average of $64.16 and a 200-day moving average of $59.27. The stock has a market capitalization of $45.08 billion, a price-to-earnings ratio of 9.72, a P/E/G ratio of 1.24 and a beta of 1.38. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.68. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $72.34.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share (EPS) for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The business had revenue of $8.40 billion for the quarter. As a group, sell-side analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DAL shares. Wells Fargo & Company set a $87.00 price objective on Delta Air Lines in a research note on Thursday, December 18th. Wall Street Zen downgraded Delta Air Lines from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Sanford C. Bernstein lifted their price target on shares of Delta Air Lines from $71.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Delta Air Lines from $63.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, BNP Paribas Exane lifted their target price on shares of Delta Air Lines from $70.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $75.07.

Delta Air Lines Company Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.