Putnam Fl Investment Management Co Lowers stake in Delta Air Lines (DAL)

Delta Air Lines (DAL) : Putnam Fl Investment Management Co reduced its stake in Delta Air Lines by 40.39% during the most recent quarter end. The investment management company now holds a total of 155,389 shares of Delta Air Lines which is valued at $5,668,591 after selling 105,266 shares in Delta Air Lines , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Delta Air Lines makes up approximately 0.65% of Putnam Fl Investment Management Co’s portfolio.

Other Hedge Funds, Including , Hudock Capital Group boosted its stake in DAL in the latest quarter, The investment management firm added 701 additional shares and now holds a total of 2,153 shares of Delta Air Lines which is valued at $78,541. Delta Air Lines makes up approx 0.04% of Hudock Capital Group’s portfolio. Midas Management Corp sold out all of its stake in DAL during the most recent quarter. The investment firm sold 8,000 shares of DAL which is valued $310,000.Taylor Asset Management Inc boosted its stake in DAL in the latest quarter, The investment management firm added 18,200 additional shares and now holds a total of 594,700 shares of Delta Air Lines which is valued at $22,919,738. Delta Air Lines makes up approx 6.37% of Taylor Asset Management Inc’s portfolio. Nadler Financial Group sold out all of its stake in DAL during the most recent quarter. The investment firm sold 5,472 shares of DAL which is valued $204,489.

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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