U S Global Investors Inc. Decreases Position in Delta Air Lines, Inc. (NYSE:DAL)

U S Global Investors Inc. cut its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,800,245 shares of the transportation company's stock after selling 41,225 shares during the quarter. Delta Air Lines comprises 10.4% of U S Global Investors Inc.'s investment portfolio, making the stock its 2nd largest holding. U S Global Investors Inc. owned approximately 0.28% of Delta Air Lines worth $78,491,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Delta Air Lines by 33.5% in the fourth quarter. Brighton Jones LLC now owns 9,174 shares of the transportation company's stock valued at $555,000 after buying an additional 2,302 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Delta Air Lines by 8.4% in the 4th quarter. Bank of New York Mellon Corp now owns 3,544,750 shares of the transportation company's stock worth $214,457,000 after acquiring an additional 274,067 shares during the period. Lake Street Advisors Group LLC grew its holdings in shares of Delta Air Lines by 5.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,881 shares of the transportation company's stock worth $295,000 after purchasing an additional 261 shares in the last quarter. Advisor OS LLC bought a new stake in shares of Delta Air Lines during the fourth quarter valued at approximately $205,000. Finally, Simmons Bank acquired a new position in shares of Delta Air Lines in the fourth quarter valued at $226,000. 69.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on DAL. Barclays decreased their price target on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Citigroup lowered their target price on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. UBS Group set a $66.00 price target on shares of Delta Air Lines and gave the stock a "buy" rating in a research report on Monday, May 19th. Raymond James Financial decreased their price objective on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 2nd. Finally, TD Cowen increased their target price on Delta Air Lines from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, April 10th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $61.67.

Delta Air Lines Price Performance

DAL traded up $0.66 during trading on Friday, hitting $49.63. The company's stock had a trading volume of 10,170,389 shares, compared to its average volume of 9,776,597. The company has a quick ratio of 0.33, a current ratio of 0.38 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $32.41 billion, a price-to-earnings ratio of 8.80, a price-to-earnings-growth ratio of 2.48 and a beta of 1.51. The firm's 50 day moving average price is $47.46 and its two-hundred day moving average price is $53.41. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by ($0.38). Delta Air Lines had a net margin of 5.91% and a return on equity of 28.18%. The business had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. The business's quarterly revenue was down 5.6% compared to the same quarter last year. Sell-side analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, July 31st will be issued a $0.1875 dividend. The ex-dividend date is Thursday, July 31st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.51%. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. Delta Air Lines's dividend payout ratio (DPR) is currently 10.64%.

About Delta Air Lines

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.