Delta Air Lines (DAL) : Jolley Asset Management added new position in Delta Air Lines during the most recent quarter end. The investment management firm now holds 83,863 shares of Delta Air Lines which is valued at $3,357,875 , the company said in a statement filed on Oct 17, 2016 with the SEC.Delta Air Lines makes up approximately 2.76% of Jolley Asset Management’s portfolio.
Other Hedge Funds, Including , Gemmer Asset Management boosted its stake in DAL in the latest quarter, The investment management firm added 63 additional shares and now holds a total of 405 shares of Delta Air Lines which is valued at $16,216. Delta Air Lines makes up approx 0.01% of Gemmer Asset Management’s portfolio.Nisa Investment Advisors reduced its stake in DAL by selling 5,317 shares or 2.21% in the most recent quarter. The Hedge Fund company now holds 234,879 shares of DAL which is valued at $9,146,188. Delta Air Lines makes up approx 0.12% of Nisa Investment Advisors’s portfolio. Centurylink Investment Management Co added DAL to its portfolio by purchasing 36,533 company shares during the most recent quarter which is valued at $1,422,595. Delta Air Lines makes up approx 0.49% of Centurylink Investment Management Co’s portfolio.Washington Trust Bank reduced its stake in DAL by selling 99,288 shares or 99.48% in the most recent quarter. The Hedge Fund company now holds 524 shares of DAL which is valued at $21,128. Delta Air Lines makes up approx 0.01% of Washington Trust Bank’s portfolio.
Delta Air Lines opened for trading at $40.45 and hit $40.75 on the upside on Friday, eventually ending the session at $40.04, with a gain of 0.07% or 0.03 points. The heightened volatility saw the trading volume jump to 1,21,33,335 shares. Company has a market cap of $29,485 M.
On the company’s financial health, Delta Air Lines reported $1.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 13, 2016. Analyst had a consensus of $1.65. The company had revenue of $10483.00 million for the quarter, compared to analysts expectations of $10504.47 million. The company’s revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.74 EPS.
Many Wall Street Analysts have commented on Delta Air Lines. Company shares were Reiterated by Imperial Capital on Oct 14, 2016 to “In-line”, Firm has raised the Price Target to $ 44 from a previous price target of $41 .Bernstein Initiated Delta Air Lines on Oct 11, 2016 to “Mkt Perform”, Price Target of the shares are set at $43.Imperial Capital Initiated Delta Air Lines on Aug 24, 2016 to “In-line”, Price Target of the shares are set at $41.
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.