LongView Wealth Management Decreases Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

LongView Wealth Management cut its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 11.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,406 shares of the transportation company’s stock after selling 700 shares during the period. LongView Wealth Management’s holdings in Delta Air Lines were worth $327,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sanders Capital LLC increased its position in 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 acquiring an additional 749,099 shares during the last quarter. Geode Capital Management LLC increased its position in shares of 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 last quarter. Pzena Investment Management LLC bought a new position in shares of Delta Air Lines in the 3rd quarter worth approximately $281,206,000. Castle Hook Partners LP purchased a new position in shares of Delta Air Lines in the third quarter worth approximately $189,296,000. Finally, Charles Schwab Investment Management Inc. grew its position in Delta Air Lines by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,497,487 shares of the transportation company’s stock valued at $177,637,000 after buying an additional 10,332 shares during the period. 69.93% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Rahul D. Samant sold 10,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $58.53, for a total value of $585,300.00. Following the sale, the executive vice president now directly owns 64,163 shares of the company’s stock, valued at $3,755,460.39. This represents a 13.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Allison C. Ausband sold 7,510 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $62.62, for a total value of $470,276.20. Following the transaction, the executive vice president now directly owns 58,897 shares in the company, valued at approximately $3,688,130.14. This represents a 11.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,319 shares of company stock valued at $6,794,748. 0.96% of the stock is currently owned by insiders.

Delta Air Lines Price Performance

DAL stock opened at $65.81 on Friday. The company has a fifty day simple moving average of $62.77 and a two-hundred day simple moving average of $52.34. Delta Air Lines, Inc. has a 52 week low of $36.69 and a 52 week high of $68.99. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $42.47 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 1.05 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.76 by $0.09. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same quarter last year, the business posted $1.28 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. Analysts anticipate that Delta Air Lines, Inc. will post 7.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their price target on Delta Air Lines from $68.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Sanford C. Bernstein lifted their price objective on Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group restated a “buy” rating and set a $83.00 target price on shares of Delta Air Lines in a research note on Friday, November 15th. Finally, TD Cowen lifted their target price on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and an average target price of $78.22.

Delta Air Lines Profile

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.