Kwmg LLC Sells 9,372 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Kwmg LLC lessened its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 7.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,081 shares of the transportation company's stock after selling 9,372 shares during the quarter. Kwmg LLC's holdings in Delta Air Lines were worth $6,902,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Pzena Investment Management LLC bought a new position in shares of Delta Air Lines during the 3rd quarter worth approximately $281,206,000. Castle Hook Partners LP bought a new stake in Delta Air Lines during the third quarter worth $189,296,000. Dimensional Fund Advisors LP boosted its position in Delta Air Lines by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company's stock worth $471,330,000 after purchasing an additional 1,105,674 shares during the last quarter. Sanders Capital LLC boosted its position in Delta Air Lines by 2.8% in the third quarter. Sanders Capital LLC now owns 27,841,592 shares of the transportation company's stock worth $1,414,074,000 after purchasing an additional 749,099 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Delta Air Lines by 419.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company's stock valued at $28,551,000 after purchasing an additional 453,926 shares during the last quarter. Institutional investors own 69.93% of the company's stock.

Insiders Place Their Bets

In other news, EVP Allison C. Ausband sold 7,510 shares of the business'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 completion of the sale, the executive vice president now directly owns 58,897 shares in the company, valued at approximately $3,688,130.14. The trade was a 11.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP William C. Carroll sold 21,530 shares of the stock in a transaction on 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 transaction, the senior vice president now directly owns 19,756 shares in the company, valued at approximately $1,197,608.72. This represents a 52.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,809 shares of company stock valued at $7,871,765 in the last quarter. Corporate insiders own 0.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DAL. StockNews.com raised shares of Delta Air Lines from a "hold" rating to a "buy" rating in a report on Monday. Barclays boosted their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. BNP Paribas upgraded shares of Delta Air Lines to a "strong-buy" rating in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft upped their price objective on Delta Air Lines from $60.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. Finally, UBS Group reissued a "buy" rating and issued a $88.00 target price on shares of Delta Air Lines in a research report on Tuesday, November 26th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Delta Air Lines has a consensus rating of "Buy" and a consensus price target of $78.22.

Delta Air Lines Price Performance

Shares of DAL traded down $1.88 during mid-day trading on Monday, reaching $65.07. 12,368,441 shares of the stock traded hands, compared to its average volume of 12,176,481. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 1.05. Delta Air Lines, Inc. has a 1 year low of $36.34 and a 1 year high of $68.99. The company has a market cap of $41.99 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 1.17 and a beta of 1.35. The firm has a fifty day moving average price of $62.43 and a 200 day moving average price of $52.01.

Delta Air Lines (NYSE:DAL - Get Free Report) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.09. The business had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 EPS. As a group, equities research analysts predict that Delta Air Lines, Inc. will post 6.08 earnings per share for the current year.

Delta Air Lines Company 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.