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

by · The Markets Daily

U S Global Investors Inc. trimmed its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL – Free Report) by 22.9% in the third quarter, Holdings Channel.com reports. The fund owned 1,361,033 shares of the transportation company’s stock after selling 405,134 shares during the quarter. Delta Air Lines accounts for approximately 8.7% of U S Global Investors Inc.’s portfolio, making the stock its 2nd largest position. U S Global Investors Inc.’s holdings in Delta Air Lines were worth $77,239,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Savant Capital LLC grew its position in Delta Air Lines by 84.0% in the second quarter. Savant Capital LLC now owns 181,995 shares of the transportation company’s stock valued at $8,951,000 after acquiring an additional 83,072 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Delta Air Lines by 39.8% during the second quarter. Thrivent Financial for Lutherans now owns 2,407,585 shares of the transportation company’s stock valued at $118,409,000 after acquiring an additional 685,312 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Delta Air Lines by 8.8% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 825,916 shares of the transportation company’s stock valued at $40,619,000 after purchasing an additional 67,002 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Delta Air Lines in the 2nd quarter worth about $15,138,000. Finally, Board of the Pension Protection Fund bought a new stake in shares of Delta Air Lines in the 3rd quarter worth about $1,141,000. Institutional investors own 69.93% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John E. Laughter sold 23,323 shares of the business’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $62.33, for a total transaction of $1,453,722.59. Following the completion of the sale, the executive vice president owned 81,109 shares in the company, valued at $5,055,523.97. The trade was a 22.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP William C. Carroll sold 14,010 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $61.25, for a total value of $858,112.50. Following the transaction, the senior vice president directly owned 15,816 shares in the company, valued at $968,730. This trade represents a 46.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.88% of the company’s stock.

Delta Air Lines Price Performance

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

Delta Air Lines (NYSE:DAL – Get Free Report) last posted its quarterly earnings data on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. Delta Air Lines had a net margin of 7.36% and a return on equity of 23.83%. The firm had revenue of $8.40 billion during the quarter. Sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group assumed coverage on shares of Delta Air Lines in a research report on Friday, December 12th. They issued a “buy” rating and a $90.00 price target on the stock. Sanford C. Bernstein lifted their target price on shares of Delta Air Lines from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Wells Fargo & Company set a $87.00 target price on Delta Air Lines in a report on Thursday, December 18th. Rothschild & Co Redburn raised their price target on Delta Air Lines from $65.00 to $72.00 in a report on Tuesday, October 14th. Finally, Susquehanna lifted their price objective on Delta Air Lines from $68.00 to $70.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and a consensus target price of $75.07.

Check Out Our Latest Analysis on DAL

Delta Air Lines Company Profile

(Free Report)

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.

See Also

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