Delta Air Lines, Inc. $DAL Stock Bought by U S Global Investors Inc.

Key Points

• U S Global Investors increased its Delta Air Lines stake by 2.3% in the third quarter, adding 24,962 shares to own 1.10 million shares valued at approximately $91.8 million. Institutional investors collectively own 69.93% of DAL.
• Analysts remain broadly positive, with 22 Buy ratings, one Hold and one Sell, producing a “Moderate Buy” consensus and an average price target of $99.65.
• Delta reported quarterly EPS of $1.72, slightly below the $1.77 consensus, while revenue reached $17.59 billion. The company also declared a quarterly dividend of $0.215 per share, equal to a 1.1% annualized yield.

U S Global Investors Inc. raised its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,099,975 shares of the transportation company's stock after buying an additional 24,962 shares during the period. Delta Air Lines comprises 9.1% of U S Global Investors Inc.'s holdings, making the stock its 2nd biggest holding. U S Global Investors Inc. owned about 0.17% of Delta Air Lines worth $91,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new stake in shares of Delta Air Lines during the second quarter valued at approximately $1,182,646,000. Pacer Advisors Inc. boosted its holdings in shares of Delta Air Lines by 50.9% in the first quarter. Pacer Advisors Inc. now owns 4,033,595 shares of the transportation company's stock valued at $268,153,000 after purchasing an additional 1,360,195 shares during the period. Great Lakes Advisors LLC purchased a new stake in shares of Delta Air Lines in the second quarter valued at approximately $160,265,000. California Public Employees Retirement System boosted its holdings in shares of Delta Air Lines by 15.0% in the first quarter. California Public Employees Retirement System now owns 1,469,652 shares of the transportation company's stock valued at $97,702,000 after purchasing an additional 191,345 shares during the period. Finally, Sei Investments Co. grew its stake in Delta Air Lines by 28.9% in the first quarter. Sei Investments Co. now owns 1,339,423 shares of the transportation company's stock worth $89,045,000 after purchasing an additional 300,288 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

Insider Transactions at Delta Air Lines

In related news, CEO Edward H. Bastian sold 206,510 shares of the firm's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $92.80, for a total transaction of $19,164,128.00. Following the sale, the chief executive officer owned 1,363,448 shares of the company's stock, valued at $126,527,974.40. This trade represents a 13.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven M. Sear sold 40,460 shares of Delta Air Lines stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $93.55, for a total value of $3,785,033.00. Following the completion of the transaction, the executive vice president owned 104,404 shares in the company, valued at $9,766,994.20. This trade represents a 27.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 356,726 shares of company stock worth $33,081,037. Company insiders own 0.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on DAL shares. BMO Capital Markets raised their price objective on Delta Air Lines from $100.00 to $105.00 and gave the stock an "outperform" rating in a report on Monday, October 12th. Argus set a $95.00 target price on Delta Air Lines in a research report on Monday, October 12th. Rothschild & Co Redburn upped their target price on Delta Air Lines from $104.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, September 18th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Delta Air Lines in a report on Monday. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Delta Air Lines in a research report on Monday, August 3rd. Twenty-two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $99.65.

Delta Air Lines Price Performance

NYSE DAL opened at $79.12 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.40. The firm's 50 day moving average price is $81.03 and its 200-day moving average price is $80.65. Delta Air Lines, Inc. has a 52-week low of $55.03 and a 52-week high of $95.68. The company has a market cap of $52.06 billion, a PE ratio of 15.79, a P/E/G ratio of 1.39 and a beta of 1.34.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data on Friday, October 9th. The transportation company reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.05). The business had revenue of $17.59 billion for the quarter, compared to analysts' expectations of $17.64 billion. Delta Air Lines had a net margin of 4.58% and a return on equity of 16.83%. The business's quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.71 earnings per share. Delta Air Lines has set its Q4 2026 guidance at 1.150-1.650 EPS and its FY 2026 guidance at 5.100-5.600 EPS. Sell-side analysts forecast that Delta Air Lines, Inc. will post 5.32 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Thursday, October 15th will be given a $0.2150 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, October 15th. Delta Air Lines's payout ratio is presently 17.17%.

Delta Air Lines Company Profile

Delta Air Lines, Inc is a major U.S. airline headquartered in Atlanta, Georgia. The company provides scheduled passenger air transportation to destinations across the United States and international markets, including Europe, Latin America, Asia, Canada, Africa and the Caribbean. Delta operates through a network of hubs and focus cities, offering service under the Delta brand and through regional partners operating as Delta Connection.

In addition to passenger flights, Delta provides air cargo transportation and related logistics services.

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