Norman Fields Gottscho Capital Management LLC reduced its stake in Delta Air Lines, Inc. (NYSE:DAL) by 8.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,500 shares of the transportation company’s stock after selling 7,750 shares during the period. Delta Air Lines accounts for approximately 2.4% of Norman Fields Gottscho Capital Management LLC’s holdings, making the stock its 11th largest holding. Norman Fields Gottscho Capital Management LLC’s holdings in Delta Air Lines were worth $4,810,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Carroll Financial Associates Inc. raised its stake in Delta Air Lines by 105.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 623 shares of the transportation company’s stock worth $35,000 after buying an additional 320 shares during the period. Cornerstone Advisors Inc. raised its stake in shares of Delta Air Lines by 36.0% in the 2nd quarter. Cornerstone Advisors Inc. now owns 620 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 164 shares during the period. Avestar Capital LLC raised its stake in shares of Delta Air Lines by 3,385.0% in the 2nd quarter. Avestar Capital LLC now owns 697 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 677 shares during the period. Covington Capital Management raised its stake in shares of Delta Air Lines by 35.4% in the 2nd quarter. Covington Capital Management now owns 746 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 195 shares during the period. Finally, North Star Investment Management Corp. acquired a new stake in shares of Delta Air Lines in the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 86.07% of the company’s stock.

Shares of NYSE:DAL traded up $0.72 during midday trading on Wednesday, reaching $53.92. The company had a trading volume of 7,644,175 shares, compared to its average volume of 6,485,055. The company has a quick ratio of 0.29, a current ratio of 0.34 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average price is $57.43 and its 200 day moving average price is $57.11. The stock has a market cap of $34.99 billion, a PE ratio of 9.54, a P/E/G ratio of 0.48 and a beta of 1.16. Delta Air Lines, Inc. has a 1-year low of $45.08 and a 1-year high of $63.44.

Delta Air Lines (NYSE:DAL) last released its earnings results on Thursday, July 11th. The transportation company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.07. The business had revenue of $12.54 billion for the quarter, compared to the consensus estimate of $12.49 billion. Delta Air Lines had a return on equity of 31.68% and a net margin of 9.85%. Delta Air Lines’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.77 earnings per share. On average, research analysts expect that Delta Air Lines, Inc. will post 7.07 earnings per share for the current fiscal year.

Several analysts have issued reports on the company. Wolfe Research set a $69.00 price target on Delta Air Lines and gave the company a “buy” rating in a research note on Friday, July 12th. ValuEngine downgraded Delta Air Lines from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. Buckingham Research downgraded Delta Air Lines from a “buy” rating to a “neutral” rating and dropped their price target for the company from $74.00 to $58.00 in a research note on Thursday, October 3rd. Zacks Investment Research raised Delta Air Lines from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Friday, September 6th. Finally, Imperial Capital lifted their price target on Delta Air Lines from $61.00 to $63.00 and gave the company an “in-line” rating in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $67.38.

In related news, EVP Rahul D. Samant sold 16,559 shares of Delta Air Lines stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $61.87, for a total value of $1,024,505.33. Following the sale, the executive vice president now owns 51,039 shares of the company’s stock, valued at $3,157,782.93. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP William C. Carroll sold 6,384 shares of Delta Air Lines stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $61.96, for a total value of $395,552.64. Following the completion of the sale, the senior vice president now directly owns 23,010 shares in the company, valued at approximately $1,425,699.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,285 shares of company stock worth $5,219,381. 0.47% of the stock is owned by company insiders.

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 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: Average Daily Trade Volume – What You Need to Know

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

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