Delta Air Lines (DAL) : Advisory Services Network scooped up 4,365 additional shares in Delta Air Lines during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 5,699 shares of Delta Air Lines which is valued at $221,976.Delta Air Lines makes up approximately 0.04% of Advisory Services Network’s portfolio.
Other Hedge Funds, Including , Simplex Trading sold out all of its stake in DAL during the most recent quarter. The investment firm sold 25,448 shares of DAL which is valued $991,200. Summit Financial Wealth Advisors added DAL to its portfolio by purchasing 17,591 company shares during the most recent quarter which is valued at $709,269. Delta Air Lines makes up approx 0.31% of Summit Financial Wealth Advisors’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in DAL by selling 102,505 shares or 18.1% in the most recent quarter. The Hedge Fund company now holds 463,955 shares of DAL which is valued at $18,706,666. Delta Air Lines makes up approx 0.08% of Bnp Paribas Arbitrage Sa’s portfolio.Eqis Capital Management reduced its stake in DAL by selling 21,273 shares or 78.75% in the most recent quarter. The Hedge Fund company now holds 5,740 shares of DAL which is valued at $231,437. Delta Air Lines makes up approx 0.01% of Eqis Capital Management’s portfolio.Harbour Capital Advisors boosted its stake in DAL in the latest quarter, The investment management firm added 8,555 additional shares and now holds a total of 33,163 shares of Delta Air Lines which is valued at $1,337,132. Delta Air Lines makes up approx 0.72% of Harbour Capital Advisors’s portfolio.
Delta Air Lines closed down -0.99 points or -2.48% at $38.95 with 1,07,07,033 shares getting traded on Friday. Post opening the session at $39.87, the shares hit an intraday low of $38.8 and an intraday high of $39.93 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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. 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.