LongView Wealth Management Sells 700 Shares of Delta Air Lines, Inc. (NYSE:DAL)

LongView Wealth Management reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,406 shares of the transportation company’s stock after selling 700 shares during the quarter. LongView Wealth Management’s holdings in Delta Air Lines were worth $327,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DAL. Sanders Capital LLC increased its stake in shares of Delta Air Lines by 2.8% during the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company’s stock valued at $1,414,074,000 after buying an additional 749,099 shares during the period. Geode Capital Management LLC increased its position in Delta Air Lines by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 15,501,936 shares of the transportation company’s stock valued at $789,452,000 after purchasing an additional 416,338 shares during the period. Pzena Investment Management LLC bought a new stake in shares of Delta Air Lines in the 3rd quarter valued at about $281,206,000. Castle Hook Partners LP purchased a new stake in shares of Delta Air Lines in the 3rd quarter worth approximately $189,296,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Delta Air Lines by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company’s stock worth $177,637,000 after purchasing an additional 10,332 shares during the period. 69.93% of the stock is owned by institutional investors.

Delta Air Lines Trading Down 0.6 %

Shares of DAL stock opened at $65.81 on Friday. The stock’s fifty day moving average is $62.77 and its two-hundred day moving average is $52.34. The firm has a market capitalization of $42.47 billion, a P/E ratio of 12.35, a PEG ratio of 1.05 and a beta of 1.35. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.34 and a current ratio of 0.39. Delta Air Lines, Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $68.99.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. Delta Air Lines had a net margin of 7.71% and a return on equity of 29.93%. The company had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter in the prior year, the company earned $1.28 EPS. Delta Air Lines’s revenue was up 9.4% compared to the same quarter last year. Research analysts expect that Delta Air Lines, Inc. will post 7.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DAL has been the subject of a number of analyst reports. Citigroup upped their target price on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Bank of America raised their price objective on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, October 11th. TD Cowen boosted their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Jefferies Financial Group raised their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, StockNews.com raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines presently has an average rating of “Buy” and a consensus target price of $78.22.

Insider Activity

In related news, SVP William C. Carroll sold 21,530 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $60.62, for a total transaction of $1,305,148.60. Following the completion of the sale, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. This trade represents a 52.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven M. Sear sold 10,279 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $58.72, for a total transaction of $603,582.88. Following the completion of the transaction, the executive vice president now owns 78,459 shares in the company, valued at $4,607,112.48. The trade was a 11.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 117,319 shares of company stock worth $6,794,748 over the last ninety days. Corporate insiders own 0.96% of the company’s stock.

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.