Mader Shannon Wealth Management Exits Position in Delta Air Lines (DAL)

Delta Air Lines (DAL) : Mader Shannon Wealth Management has sold out all of its stake in Delta Air Lines during the most recent quarter, according to the disclosure filed by the company on May 12, 2016 with the SEC. The investment management company has sold out 87,309 shares of Delta Air Lines which is valued at $3.6 Million.

Other Hedge Funds, Including , Nwi Management Lp added DAL to its portfolio by purchasing 100,000 company shares during the most recent quarter which is valued at $4.2 Million. Delta Air Lines makes up approx 0.35% of Nwi Management Lp’s portfolio.Ifc Holdings Incorporatedfl reduced its stake in DAL by selling 72,843 shares or 92.23% in the most recent quarter. The Hedge Fund company now holds 6,134 shares of DAL which is valued at $257,873. Delta Air Lines makes up approx 0.03% of Ifc Holdings Incorporatedfl’s portfolio.Alphamark Advisors reduced its stake in DAL by selling 7,378 shares or 9.65% in the most recent quarter. The Hedge Fund company now holds 69,093 shares of DAL which is valued at $2.9 Million. Delta Air Lines makes up approx 1.58% of Alphamark Advisors’s portfolio.Evercore Wealth Management boosted its stake in DAL in the latest quarter, The investment management firm added 656 additional shares and now holds a total of 4,986 shares of Delta Air Lines which is valued at $209,611. Delta Air Lines makes up approx 0.01% of Evercore Wealth Management’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in DAL by selling 31,251 shares or 3.23% in the most recent quarter. The Hedge Fund company now holds 936,082 shares of DAL which is valued at $39 Million. Delta Air Lines makes up approx 0.32% of Public Employees Retirement Association Of Colorado’s portfolio.

Delta Air Lines (DAL) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $43.42 and reached the intraday high at $43.82. The bulls started the profit booking and pushed the shares to intraday low of $42.97. The trading session was marked by a volume range of 59,64,571 shares exchanging hands. The 52-week high of the shares is $52.77 and the 52-week low is $34.61. The market cap of the company stands at $33,255 M and there are 77,15,81,440 shares in public circulation.

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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