Delta Air Lines (DAL) : Lansdowne Partners (uk) Llp reduced its stake in Delta Air Lines by 0.26% during the most recent quarter end. The investment management company now holds a total of 25,993,354 shares of Delta Air Lines which is valued at $1,081.3 Million after selling 68,248 shares in Delta Air Lines , the firm said in a disclosure report filed with the SEC on May 13, 2016.Delta Air Lines makes up approximately 8.68% of Lansdowne Partners (uk) Llp’s portfolio.
Other Hedge Funds, Including , Nomura Asset Management Co Ltd boosted its stake in DAL in the latest quarter, The investment management firm added 560 additional shares and now holds a total of 29,940 shares of Delta Air Lines which is valued at $1.2 Million. Delta Air Lines makes up approx 0.02% of Nomura Asset Management Co Ltd’s portfolio. Telemark Asset Management sold out all of its stake in DAL during the most recent quarter. The investment firm sold 400,000 shares of DAL which is valued $16.6 Million.Norges Bank boosted its stake in DAL in the latest quarter, The investment management firm added 450,430 additional shares and now holds a total of 3,251,618 shares of Delta Air Lines which is valued at $135.3 Million. Delta Air Lines makes up approx 0.07% of Norges Bank’s portfolio.Ohio National Investments boosted its stake in DAL in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 17,500 shares of Delta Air Lines which is valued at $729,225. Delta Air Lines makes up approx 0.13% of Ohio National Investments’s portfolio.
Delta Air Lines closed down -0.13 points or -0.30% at $43.5 with 76,00,829 shares getting traded on Wednesday. Post opening the session at $43.68, the shares hit an intraday low of $43.38 and an intraday high of $44.11 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.