Great Waters Wealth Management Sells 3,088 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Great Waters Wealth Management reduced its stake in Delta Air Lines, Inc. (NYSE:DAL) by 19.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,935 shares of the transportation company’s stock after selling 3,088 shares during the period. Great Waters Wealth Management’s holdings in Delta Air Lines were worth $783,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 68,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $56.33, for a total value of $3,830,440.00. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $24,775,004.27. This trade represents a 13.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Allison C. Ausband sold 7,510 shares of Delta Air Lines stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $62.62, for a total transaction of $470,276.20. Following the transaction, the executive vice president now owns 58,897 shares in the company, valued at $3,688,130.14. This represents a 11.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,319 shares of company stock valued at $6,794,748 over the last 90 days. Company insiders own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DAL shares. Citigroup lifted their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group upped their price target on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Bank of America lifted their price objective on Delta Air Lines from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Finally, Sanford C. Bernstein increased their target price on Delta Air Lines from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $78.22.

Delta Air Lines Stock Performance

Shares of DAL stock opened at $65.81 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The company has a 50 day moving average price of $62.91 and a 200-day moving average price of $52.67. Delta Air Lines, Inc. has a 52 week low of $36.69 and a 52 week high of $68.99. The firm has a market capitalization of $42.47 billion, a PE ratio of 12.35, a P/E/G ratio of 0.77 and a beta of 1.35.

Delta Air Lines (NYSE:DAL) last posted its earnings results on Friday, January 10th. The transportation company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion during the quarter, compared to the consensus estimate of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 EPS. As a group, equities research analysts expect that Delta Air Lines, Inc. will post 7.67 earnings per share for the current year.

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.