Davenport & Company Has Raised Its Dal (DAL) Holding by $39.68 Million; Market Valuation Declined; First National Bank Of Omaha Has Decreased Southwest Airls Co (LUV) Position by $658,282

January 18, 2018 - By Darrin Black

Davenport & Company Llc increased its stake in Dal (DAL) by 435.48% based on its latest 2017Q3 regulatory filing with the SEC. Davenport & Company Llc bought 826,675 shares as the company’s stock declined 5.91% while stock markets rallied. The institutional investor held 1.02 million shares of the transportation company at the end of 2017Q3, valued at $49.02 million, up from 189,832 at the end of the previous reported quarter. Davenport & Company Llc who had been investing in Dal for a number of months, seems to be bullish on the $42.43B market cap company. The stock increased 0.05% or $0.03 during the last trading session, reaching $59.75. About 2.59M shares traded. Delta Air Lines, Inc. (NYSE:DAL) has risen 11.83% since January 18, 2017 and is uptrending. It has underperformed by 4.87% the S&P500.

First National Bank Of Omaha decreased its stake in Southwest Airls Co (LUV) by 5.61% based on its latest 2017Q3 regulatory filing with the SEC. First National Bank Of Omaha sold 14,006 shares as the company’s stock rose 1.26% with the market. The institutional investor held 235,641 shares of the air freight and delivery services company at the end of 2017Q3, valued at $11.12M, down from 249,647 at the end of the previous reported quarter. First National Bank Of Omaha who had been investing in Southwest Airls Co for a number of months, seems to be less bullish one the $38.59 billion market cap company. The stock decreased 1.58% or $1.045 during the last trading session, reaching $65.025. About 2.33 million shares traded. Southwest Airlines Co. (NYSE:LUV) has risen 37.63% since January 18, 2017 and is uptrending. It has outperformed by 20.93% the S&P500.

Since October 17, 2017, it had 0 insider purchases, and 3 insider sales for $2.23 million activity. Jordan Robert E also sold $2.12 million worth of Southwest Airlines Co. (NYSE:LUV) on Thursday, December 14. $107,240 worth of Southwest Airlines Co. (NYSE:LUV) shares were sold by MONTFORD JOHN T.

Analysts await Southwest Airlines Co. (NYSE:LUV) to report earnings on January, 25. They expect $0.84 EPS, up 13.51% or $0.10 from last year’s $0.74 per share. LUV’s profit will be $498.45 million for 19.35 P/E if the $0.84 EPS becomes a reality. After $0.88 actual EPS reported by Southwest Airlines Co. for the previous quarter, Wall Street now forecasts -4.55% negative EPS growth.

Investors sentiment increased to 0.89 in Q3 2017. Its up 0.06, from 0.83 in 2017Q2. It increased, as 69 investors sold LUV shares while 249 reduced holdings. 70 funds opened positions while 213 raised stakes. 441.14 million shares or 4.78% less from 463.31 million shares in 2017Q2 were reported. 15,668 were reported by King Luther Capital. Oakworth Cap Inc stated it has 0.03% of its portfolio in Southwest Airlines Co. (NYSE:LUV). 4,023 were accumulated by Cornerstone Advsr. 1St Source Retail Bank has 5,306 shares. Thomas White Limited holds 20,410 shares. Laurion Cap Management LP owns 227,254 shares or 0.06% of their US portfolio. New York-based Catalyst Cap Advsr Limited Liability Corporation has invested 0% in Southwest Airlines Co. (NYSE:LUV). Oregon-based Ims has invested 0.33% in Southwest Airlines Co. (NYSE:LUV). Aureus Asset Mngmt Limited Com holds 0.06% in Southwest Airlines Co. (NYSE:LUV) or 6,289 shares. Acadian Asset Management Limited Company holds 0% in Southwest Airlines Co. (NYSE:LUV) or 80 shares. Caxton Assoc Lp, a New Jersey-based fund reported 28,300 shares. Amalgamated Natl Bank invested 0.12% in Southwest Airlines Co. (NYSE:LUV). Loring Wolcott Coolidge Fiduciary Limited Liability Partnership Ma reported 4 shares or 0% of all its holdings. Bluecrest Cap Mgmt Ltd stated it has 0.62% of its portfolio in Southwest Airlines Co. (NYSE:LUV). Telemark Asset Limited Liability Company holds 100,000 shares.

First National Bank Of Omaha, which manages about $496.83M and $1.63B US Long portfolio, upped its stake in Lkq Corp (NASDAQ:LKQ) by 33,746 shares to 182,192 shares, valued at $6.56M in 2017Q3, according to the filing. It also increased its holding in Southwest Gas Holdings Inc (NYSE:SWX) by 21,606 shares in the quarter, for a total of 74,098 shares, and has risen its stake in Chevron Corp New (NYSE:CVX).

Among 19 analysts covering Southwest Airlines Co. (NYSE:LUV), 16 have Buy rating, 0 Sell and 3 Hold. Therefore 84% are positive. Southwest Airlines Co. had 61 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, January 7. The firm has “Overweight” rating by Morgan Stanley given on Monday, November 13. On Tuesday, April 12 the stock rating was maintained by Credit Suisse with “Outperform”. Bank of America downgraded the shares of LUV in report on Tuesday, January 9 to “Hold” rating. The stock has “Neutral” rating by JP Morgan on Wednesday, July 27. The firm earned “Buy” rating on Monday, July 24 by Stifel Nicolaus. On Thursday, January 12 the stock rating was maintained by Imperial Capital with “Outperform”. The firm has “Strong-Buy” rating given on Tuesday, August 18 by Vetr. The firm has “Buy” rating given on Friday, November 18 by Citigroup. Cowen & Co maintained Southwest Airlines Co. (NYSE:LUV) on Friday, June 24 with “Outperform” rating.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.17, from 0.98 in 2017Q2. It increased, as 69 investors sold DAL shares while 247 reduced holdings. 92 funds opened positions while 271 raised stakes. 589.14 million shares or 3.18% less from 608.49 million shares in 2017Q2 were reported. Rudman Errol M holds 208,710 shares or 5.78% of its portfolio. Regent Limited Liability Corporation holds 0.39% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) for 23,812 shares. Alliancebernstein LP has invested 0.2% in Delta Air Lines, Inc. (NYSE:DAL). Levin Cap Strategies Lp has 0.05% invested in Delta Air Lines, Inc. (NYSE:DAL) for 64,359 shares. Lumina Fund Mngmt Ltd Liability Com owns 10,000 shares. Columbia Prtn L L C Mgmt reported 0.25% in Delta Air Lines, Inc. (NYSE:DAL). Ontario – Canada-based Sun Life Fincl Inc has invested 0.02% in Delta Air Lines, Inc. (NYSE:DAL). Citadel Advsr Ltd Limited Liability Company holds 0.26% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) for 7.06 million shares. Essex Fincl Service reported 0.11% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL). Virtu Ltd Liability Co has 0% invested in Delta Air Lines, Inc. (NYSE:DAL) for 11,052 shares. Lombard Odier Asset Mgmt (Switzerland) owns 28,916 shares. Cetera Advisors Lc holds 6,380 shares or 0.02% of its portfolio. Hussman Strategic Advsrs holds 51,600 shares or 0.6% of its portfolio. Synovus Corp invested in 54,148 shares or 0.05% of the stock. Sterling Cap Ltd Liability Corporation holds 0.05% or 101,058 shares in its portfolio.

Since October 12, 2017, it had 1 buy, and 8 selling transactions for $19.35 million activity. 10,783 shares were sold by Sear Steven M, worth $604,333. On Thursday, October 12 Bastian Edward H sold $8.45 million worth of Delta Air Lines, Inc. (NYSE:DAL) or 159,240 shares. Jacobson Paul A also sold $2.40 million worth of Delta Air Lines, Inc. (NYSE:DAL) on Friday, December 15. Smith Joanne D sold $50,511 worth of Delta Air Lines, Inc. (NYSE:DAL) on Monday, December 18. BLAKE FRANCIS S had bought 3,350 shares worth $200,193.

Among 20 analysts covering Delta Air Lines (NYSE:DAL), 20 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Delta Air Lines had 68 analyst reports since August 3, 2015 according to SRatingsIntel. As per Friday, November 18, the company rating was initiated by Citigroup. As per Tuesday, March 29, the company rating was initiated by Stephens. As per Monday, December 5, the company rating was maintained by Deutsche Bank. As per Thursday, February 4, the company rating was maintained by JP Morgan. Deutsche Bank maintained Delta Air Lines, Inc. (NYSE:DAL) on Monday, October 5 with “Buy” rating. Cowen & Co maintained the shares of DAL in report on Monday, July 10 with “Buy” rating. Morgan Stanley maintained Delta Air Lines, Inc. (NYSE:DAL) on Monday, November 13 with “Overweight” rating. The firm earned “Buy” rating on Thursday, May 25 by Stifel Nicolaus. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Buy” rating by Stifel Nicolaus on Wednesday, July 5. The firm has “Buy” rating given on Friday, September 22 by Stifel Nicolaus.

Davenport & Company Llc, which manages about $7.13 billion and $7.89 billion US Long portfolio, decreased its stake in Chkp (NASDAQ:CHKP) by 8,534 shares to 7,135 shares, valued at $813,000 in 2017Q3, according to the filing. It also reduced its holding in Cmg (NYSE:CMG) by 1,911 shares in the quarter, leaving it with 913 shares, and cut its stake in Amzn (NASDAQ:AMZN).

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