As General Electric Co (GE) Market Valuation Declined, Shareholder Keybank National Association Decreased by $12.45 Million Its Position; As Delta Airlines (DAL) Market Valuation Declined, Todd Asset Management Trimmed Its Position

April 25, 2018 - By Migdalia James

Delta Air Lines, Inc. (NYSE:DAL) Logo

Keybank National Association decreased its stake in General Electric Co (GE) by 16.33% based on its latest 2017Q4 regulatory filing with the SEC. Keybank National Association sold 732,319 shares as the company’s stock declined 23.20% with the market. The institutional investor held 3.75 million shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $65.49M, down from 4.49 million at the end of the previous reported quarter. Keybank National Association who had been investing in General Electric Co for a number of months, seems to be less bullish one the $121.45B market cap company. The stock decreased 4.73% or $0.694 during the last trading session, reaching $13.986. About 59.61 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 25, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Todd Asset Management Llc decreased its stake in Delta Airlines (DAL) by 3.89% based on its latest 2017Q4 regulatory filing with the SEC. Todd Asset Management Llc sold 17,954 shares as the company’s stock declined 3.16% with the market. The institutional investor held 444,057 shares of the transportation company at the end of 2017Q4, valued at $24.87 million, down from 462,011 at the end of the previous reported quarter. Todd Asset Management Llc who had been investing in Delta Airlines for a number of months, seems to be less bullish one the $37.93B market cap company. The stock increased 0.72% or $0.39 during the last trading session, reaching $54.2. About 2.98M shares traded. Delta Air Lines, Inc. (NYSE:DAL) has risen 17.70% since April 25, 2017 and is uptrending. It has outperformed by 6.15% the S&P500.

Since December 15, 2017, it had 1 buying transaction, and 10 sales for $16.46 million activity. On Friday, December 15 HAUENSTEIN GLEN W sold $1.76M worth of Delta Air Lines, Inc. (NYSE:DAL) or 31,600 shares. Jacobson Paul A sold $2.40 million worth of stock or 42,900 shares. Bastian Edward H had sold 73,211 shares worth $4.10M. On Wednesday, April 18 the insider West W Gilbert sold $948,750. $200,193 worth of stock was bought by BLAKE FRANCIS S on Friday, January 12. $604,333 worth of Delta Air Lines, Inc. (NYSE:DAL) shares were sold by Sear Steven M.

Investors sentiment decreased to 1.11 in Q4 2017. Its down 0.04, from 1.15 in 2017Q3. It turned negative, as 54 investors sold DAL shares while 267 reduced holdings. 104 funds opened positions while 251 raised stakes. 583.95 million shares or 0.88% less from 589.14 million shares in 2017Q3 were reported. Clearbridge Ltd owns 1.37M shares for 1.6% of their portfolio. World Asset Mgmt holds 52,998 shares or 0.1% of its portfolio. Commonwealth Of Pennsylvania School Empls Retrmt accumulated 0.05% or 58,672 shares. Berkshire Hathaway accumulated 53.11M shares or 1.56% of the stock. Virtu Ltd Liability Com accumulated 23,090 shares. Lyons Wealth Mgmt Ltd Liability Company holds 1.4% in Delta Air Lines, Inc. (NYSE:DAL) or 15,279 shares. X Mngmt Company Ltd Limited Liability Company has invested 0.04% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL). 100,302 are owned by Oppenheimer. Pensionfund Dsm Netherlands reported 0.44% in Delta Air Lines, Inc. (NYSE:DAL). Stratos Wealth Ptnrs Ltd accumulated 0.02% or 9,573 shares. Williams Jones & Lc holds 0.27% or 216,251 shares in its portfolio. Highvista Strategies Ltd Limited Liability Company holds 0.09% or 5,800 shares in its portfolio. Caxton Associate Lp holds 70,000 shares. South State has invested 0.35% in Delta Air Lines, Inc. (NYSE:DAL). Reilly Fincl Advsrs Ltd Company holds 0% or 609 shares in its portfolio.

Analysts await Delta Air Lines, Inc. (NYSE:DAL) to report earnings on July, 12. They expect $1.91 earnings per share, up 16.46% or $0.27 from last year’s $1.64 per share. DAL’s profit will be $1.34B for 7.09 P/E if the $1.91 EPS becomes a reality. After $0.74 actual earnings per share reported by Delta Air Lines, Inc. for the previous quarter, Wall Street now forecasts 158.11% EPS growth.

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 76 analyst reports since August 3, 2015 according to SRatingsIntel. Stephens initiated it with “Overweight” rating and $65 target in Tuesday, March 29 report. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Buy” rating by Stifel Nicolaus on Thursday, July 13. Stifel Nicolaus maintained it with “Buy” rating and $75.0 target in Friday, September 22 report. On Wednesday, January 10 the stock rating was maintained by Stifel Nicolaus with “Buy”. The company was maintained on Thursday, September 28 by Cowen & Co. Stephens maintained Delta Air Lines, Inc. (NYSE:DAL) on Monday, January 8 with “Buy” rating. On Friday, January 13 the stock rating was maintained by Cowen & Co with “Outperform”. The stock has “Buy” rating by Raymond James on Thursday, December 14. The stock of Delta Air Lines, Inc. (NYSE:DAL) has “Buy” rating given on Wednesday, October 21 by Argus Research. The firm has “Buy” rating given on Monday, December 5 by Deutsche Bank.

Todd Asset Management Llc, which manages about $3.59 billion and $3.70 billion US Long portfolio, upped its stake in Ihs Markit Ltd by 148,184 shares to 806,280 shares, valued at $36.40 million in 2017Q4, according to the filing. It also increased its holding in Ashtead Group Plc Unsp (ASHTY) by 26,546 shares in the quarter, for a total of 168,864 shares, and has risen its stake in Assurant Inc (NYSE:AIZ).

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company had 100 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by DZ Bank on Friday, January 26. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Monday, February 26 by RBC Capital Markets. The stock has “Focus List” rating by Credit Suisse on Wednesday, September 16. Stifel Nicolaus maintained the shares of GE in report on Tuesday, April 3 with “Hold” rating. Cowen & Co maintained General Electric Company (NYSE:GE) rating on Wednesday, April 11. Cowen & Co has “Hold” rating and $1200 target. The company was downgraded on Tuesday, September 22 by Vetr. The company was maintained on Monday, February 12 by JP Morgan. Bank of America upgraded it to “Buy” rating and $27.0 target in Monday, October 23 report. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, February 15 report. The firm earned “Hold” rating on Monday, July 17 by Cowen & Co.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It dived, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Natl Registered Invest Advisor Inc has invested 0.7% in General Electric Company (NYSE:GE). Moreover, Opus Mgmt has 0.09% invested in General Electric Company (NYSE:GE). Hm Capital Lc invested in 0.23% or 16,399 shares. Nine Masts Capital accumulated 114,100 shares. Commerzbank Aktiengesellschaft Fi holds 1.37% of its portfolio in General Electric Company (NYSE:GE) for 6.33 million shares. Dimensional Fund Limited Partnership holds 22.08M shares. Alabama-based First Finance Bank has invested 0.49% in General Electric Company (NYSE:GE). Stonebridge Capital Management Inc holds 340,877 shares. 28,839 are held by Bailard. Sand Hill Global Advsr Lc owns 12,442 shares. Engines Advisors Ltd Limited Liability Company owns 771 shares or 0% of their US portfolio. Altavista Wealth Management Incorporated has 0.86% invested in General Electric Company (NYSE:GE) for 117,099 shares. 21,930 are owned by D L Carlson Invest Grp. Central National Bank accumulated 0.09% or 20,801 shares. Garrison Bradford & Associate holds 17,780 shares.

Keybank National Association, which manages about $17.45B US Long portfolio, upped its stake in Pimco Etf Tr (BOND) by 3,528 shares to 8,236 shares, valued at $873,000 in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (CIU) by 18,675 shares in the quarter, for a total of 986,519 shares, and has risen its stake in Molina Healthcare Inc (NYSE:MOH).

Since January 26, 2018, it had 1 insider buy, and 0 insider sales for $43,446 activity.

General Electric Company (NYSE:GE) Institutional Positions Chart

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