Pensionfund Sabic adds Delta Air Lines (DAL) to its portfolio

Delta Air Lines (DAL) : Pensionfund Sabic added new position in Delta Air Lines during the most recent quarter end. The investment management firm now holds 30,000 shares of Delta Air Lines which is valued at $1.4 Million according to a report filed by the company on Apr 4, 2016 with the SEC.Delta Air Lines makes up approximately 0.43% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands added DAL to its portfolio by purchasing 64,000 company shares during the most recent quarter which is valued at $3 Million. Delta Air Lines makes up approx 0.41% of Pensionfund Dsm Netherlands’s portfolio.Beacon Financial Group reduced its stake in DAL by selling 34 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 7,899 shares of DAL which is valued at $371,332. Delta Air Lines makes up approx 0.08% of Beacon Financial Group’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 .Company shares were Reiterated by Argus on Jan 13, 2016 to “Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $58 .

Delta Air Lines opened for trading at $46.87 and hit $47.8 on the upside on Monday, eventually ending the session at $46.55, with a gain of 0.56% or 0.26 points. The heightened volatility saw the trading volume jump to 88,80,408 shares. Company has a market cap of $36,240 M.

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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