Signature Estate Investment Advisors buys $12,432,698 stake in Delta Air Lines (DAL)

Delta Air Lines (DAL) : Signature Estate Investment Advisors scooped up 15,360 additional shares in Delta Air Lines during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 261,741 shares of Delta Air Lines which is valued at $12,432,698.Delta Air Lines makes up approximately 2.04% of Signature Estate Investment Advisors’s portfolio.

Delta Air Lines closed down -1.63 points or -3.50% at $44.97 with 1,53,30,348 shares getting traded on Wednesday. Post opening the session at $46.28, the shares hit an intraday low of $44.74 and an intraday high of $46.3099 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Independent Portfolio Consultants boosted its stake in DAL in the latest quarter, The investment management firm added 945 additional shares and now holds a total of 1,700 shares of Delta Air Lines which is valued at $80,750. Delta Air Lines makes up approx 0.02% of Independent Portfolio Consultants’s portfolio.Banced Corp reduced its stake in DAL by selling 28 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 11,316 shares of DAL which is valued at $537,510. Delta Air Lines makes up approx 0.93% of Banced Corp’s portfolio.Central Trust Co boosted its stake in DAL in the latest quarter, The investment management firm added 2,285 additional shares and now holds a total of 88,910 shares of Delta Air Lines which is valued at $4,223,225. Delta Air Lines makes up approx 0.33% of Central Trust Co’s portfolio.Waverton Investment Management Ltd reduced its stake in DAL by selling 7,755 shares or 20.74% in the most recent quarter. The Hedge Fund company now holds 29,635 shares of DAL which is valued at $1,379,509. Delta Air Lines makes up approx 0.10% of Waverton Investment Management Ltd’s portfolio.

On the company’s financial health, Delta Air Lines reported $1.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 14, 2016. Analyst had a consensus of $1.29. The company had revenue of $9251.00 million for the quarter, compared to analysts expectations of $9265.45 million. The company’s revenue was down -1.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.45 EPS.

Many Wall Street Analysts have commented on Delta Air Lines. Shares were Downgraded by Deutsche Bank on Apr 1, 2016 to ” Hold” and Lowered the Price Target to $ 55 from a previous price target of $68 .

Delta Air Lines Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s route network is centered on a system of hub and international gateway airports that it operates in Amsterdam Atlanta Detroit Los Angeles Minneapolis-St. Paul New York-LaGuardia New York-JFK Paris-Charles de Gaulle Salt Lake City Seattle and Tokyo-Narita. The Company’s segments include its Airline segment and Refinery segment. The Company’s Airline segment provides scheduled air transportation for passengers and cargo and other ancillary airline services including maintenance and repair services for third-parties. Its Refinery segment provides jet fuel to the airline segment from its own production and through jet fuel obtained through agreements with third-parties.

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