Madrona Financial Services buys $1,434,430 stake in Delta Air Lines (DAL)

Delta Air Lines (DAL) : Madrona Financial Services scooped up 193 additional shares in Delta Air Lines during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 39,321 shares of Delta Air Lines which is valued at $1,434,430.Delta Air Lines makes up approximately 1.48% of Madrona Financial Services’s portfolio.

Other Hedge Funds, Including , Retirement Systems Of Alabama reduced its stake in DAL by selling 1,344 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 751,482 shares of DAL which is valued at $28,962,116. Delta Air Lines makes up approx 0.16% of Retirement Systems Of Alabama’s portfolio.First American Bank reduced its stake in DAL by selling 63,630 shares or 58.82% in the most recent quarter. The Hedge Fund company now holds 44,546 shares of DAL which is valued at $1,735,512. Delta Air Lines makes up approx 0.17% of First American Bank’s portfolio. Trust Co Of Vermont added DAL to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $12,063.Trust Department Mb Financial Bank N A boosted its stake in DAL in the latest quarter, The investment management firm added 2,715 additional shares and now holds a total of 169,539 shares of Delta Air Lines which is valued at $6,798,514. Delta Air Lines makes up approx 0.74% of Trust Department Mb Financial Bank N A’s portfolio.

Delta Air Lines opened for trading at $36.52 and hit $36.68 on the upside on Thursday, eventually ending the session at $36.54, with a gain of 0.16% or 0.06 points. The heightened volatility saw the trading volume jump to 88,25,297 shares. Company has a market cap of $27,365 M.

On the company’s financial health, Delta Air Lines reported $1.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 14, 2016. Analyst had a consensus of $1.42. The company had revenue of $10447.00 million for the quarter, compared to analysts expectations of $10479.70 million. The company’s revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.27 EPS.

Many Wall Street Analysts have commented on Delta Air Lines. Shares were Reiterated by Cowen on Jul 6, 2016 to “Outperform” and Lowered the Price Target to $ 55 from a previous price target of $60 .

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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