Norman Fields Gottscho Capital Management LLC reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL) by 8.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,500 shares of the transportation company’s stock after selling 7,750 shares during the period. Delta Air Lines makes up approximately 2.4% of Norman Fields Gottscho Capital Management LLC’s investment portfolio, making the stock its 11th biggest position. Norman Fields Gottscho Capital Management LLC’s holdings in Delta Air Lines were worth $4,810,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Carroll Financial Associates Inc. increased its holdings in shares of Delta Air Lines by 105.6% during the second quarter. Carroll Financial Associates Inc. now owns 623 shares of the transportation company’s stock worth $35,000 after buying an additional 320 shares in the last quarter. Cornerstone Advisors Inc. increased its holdings in shares of Delta Air Lines by 36.0% during the second quarter. Cornerstone Advisors Inc. now owns 620 shares of the transportation company’s stock worth $35,000 after buying an additional 164 shares in the last quarter. Avestar Capital LLC increased its holdings in shares of Delta Air Lines by 3,385.0% during the second quarter. Avestar Capital LLC now owns 697 shares of the transportation company’s stock worth $37,000 after buying an additional 677 shares in the last quarter. Covington Capital Management increased its holdings in shares of Delta Air Lines by 35.4% during the second quarter. Covington Capital Management now owns 746 shares of the transportation company’s stock worth $42,000 after buying an additional 195 shares in the last quarter. Finally, North Star Investment Management Corp. acquired a new position in shares of Delta Air Lines during the third quarter worth $44,000. Institutional investors and hedge funds own 86.07% of the company’s stock.

Several research analysts have recently issued reports on DAL shares. ValuEngine downgraded shares of Delta Air Lines from a “hold” rating to a “sell” rating in a report on Friday, October 4th. Berenberg Bank started coverage on shares of Delta Air Lines in a report on Friday, September 6th. They set a “buy” rating and a $72.00 price target for the company. Buckingham Research downgraded shares of Delta Air Lines from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $74.00 to $58.00 in a report on Thursday, October 3rd. Wolfe Research set a $69.00 price target on shares of Delta Air Lines and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, Imperial Capital upped their price target on shares of Delta Air Lines from $61.00 to $63.00 and gave the stock an “in-line” rating in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $67.38.

Shares of DAL stock traded up $0.72 on Wednesday, reaching $53.92. 7,644,175 shares of the company were exchanged, compared to its average volume of 6,485,055. The company has a market cap of $34.99 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.48 and a beta of 1.16. The company has a 50-day moving average of $57.43 and a 200-day moving average of $57.11. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.34 and a quick ratio of 0.29. Delta Air Lines, Inc. has a one year low of $45.08 and a one year high of $63.44.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Thursday, July 11th. The transportation company reported $2.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.07. The company had revenue of $12.54 billion for the quarter, compared to analysts’ expectations of $12.49 billion. Delta Air Lines had a net margin of 9.85% and a return on equity of 31.68%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 EPS. As a group, sell-side analysts predict that Delta Air Lines, Inc. will post 7.07 EPS for the current year.

In other news, SVP William C. Carroll sold 6,384 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $61.96, for a total transaction of $395,552.64. Following the transaction, the senior vice president now owns 23,010 shares of the company’s stock, valued at approximately $1,425,699.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO W Gilbert West sold 10,342 shares of the stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $62.64, for a total transaction of $647,822.88. Following the transaction, the chief operating officer now directly owns 82,992 shares in the company, valued at approximately $5,198,618.88. The disclosure for this sale can be found here. Insiders have sold a total of 83,285 shares of company stock worth $5,219,381 in the last three months. Insiders own 0.47% of the company’s stock.

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 route network is centered on a system of hubs and markets at airports in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St.

Further Reading: Basic Economics

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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