Exxonmobil Investment Management Inc. TX decreased its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 14.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 104,297 shares of the transportation company’s stock after selling 17,344 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Delta Air Lines were worth $5,841,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Atlantic Trust Group LLC lifted its holdings in Delta Air Lines by 3.9% during the 3rd quarter. Atlantic Trust Group LLC now owns 126,068 shares of the transportation company’s stock worth $6,079,000 after purchasing an additional 4,699 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Delta Air Lines during the 3rd quarter worth about $492,000. GSA Capital Partners LLP purchased a new stake in Delta Air Lines during the 3rd quarter worth about $534,000. Cetera Advisor Networks LLC lifted its holdings in Delta Air Lines by 4.4% during the 3rd quarter. Cetera Advisor Networks LLC now owns 26,082 shares of the transportation company’s stock worth $1,258,000 after purchasing an additional 1,101 shares in the last quarter. Finally, IFM Investors Pty Ltd purchased a new stake in Delta Air Lines during the 3rd quarter worth about $269,000. 85.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of Delta Air Lines, Inc. (DAL) opened at $55.86 on Thursday. Delta Air Lines, Inc. has a 1-year low of $43.81 and a 1-year high of $56.84. The firm has a market capitalization of $39,830.00, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.79 and a beta of 1.30. The company has a quick ratio of 0.36, a current ratio of 0.43 and a debt-to-equity ratio of 0.54.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Wednesday, October 11th. The transportation company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.04. Delta Air Lines had a return on equity of 26.50% and a net margin of 8.97%. The firm had revenue of $11.06 billion for the quarter, compared to analysts’ expectations of $11.03 billion. During the same quarter last year, the firm posted $1.70 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. equities research analysts forecast that Delta Air Lines, Inc. will post 4.89 earnings per share for the current year.

A number of analysts recently issued reports on the company. Stephens set a $67.00 price objective on Delta Air Lines and gave the stock a “buy” rating in a report on Monday, December 18th. Vetr raised Delta Air Lines from a “strong sell” rating to a “sell” rating and set a $49.97 price objective on the stock in a report on Wednesday, January 3rd. Cowen increased their price objective on Delta Air Lines from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, December 15th. Stifel Nicolaus reissued a “buy” rating and set a $85.00 price objective (up previously from $75.00) on shares of Delta Air Lines in a report on Wednesday. Finally, Imperial Capital raised Delta Air Lines from an “in-line” rating to an “outperform” rating and set a $63.00 price target on the stock in a report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $65.00.

In other news, insider Steven M. Sear sold 10,783 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $56.05, for a total transaction of $604,387.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Joanne D. Smith sold 894 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $56.50, for a total value of $50,511.00. Following the transaction, the executive vice president now owns 72,393 shares in the company, valued at $4,090,204.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 283,060 shares of company stock worth $15,612,588. Insiders own 0.37% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Exxonmobil Investment Management Inc. TX Sells 17,344 Shares of Delta Air Lines, Inc. (DAL)” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this report can be read at https://www.watchlistnews.com/exxonmobil-investment-management-inc-tx-sells-17344-shares-of-delta-air-lines-inc-dal/1802408.html.

Delta Air Lines Company Profile

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo throughout the United States and across the world. The Company’s segments include Airline and Refinery. The Company’s route network is centered around a system of hub, international gateway and airports that the Company operates in Amsterdam, Atlanta, Boston, Detroit, London-Heathrow, Los Angeles, Minneapolis-St.

Want to see what other hedge funds are holding DAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Delta Air Lines, Inc. (NYSE:DAL).

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

Receive News & Ratings for Delta Air Lines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delta Air Lines and related companies with MarketBeat.com's FREE daily email newsletter.