Wealthtrust Axiom buys $1,749,947 stake in Delta Air Lines (DAL)

Delta Air Lines (DAL) : Wealthtrust Axiom scooped up 500 additional shares in Delta Air Lines during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 45,406 shares of Delta Air Lines which is valued at $1,749,947.Delta Air Lines makes up approximately 0.66% of Wealthtrust Axiom’s portfolio.

Other Hedge Funds, Including , Boston Advisors reduced its stake in DAL by selling 8,281 shares or 4.79% in the most recent quarter. The Hedge Fund company now holds 164,465 shares of DAL which is valued at $6,338,481. Delta Air Lines makes up approx 0.15% of Boston Advisors’s portfolio.Hartford Investment Management Co reduced its stake in DAL by selling 19,817 shares or 9.18% in the most recent quarter. The Hedge Fund company now holds 195,945 shares of DAL which is valued at $7,634,017. Delta Air Lines makes up approx 0.16% of Hartford Investment Management Co’s portfolio.Simplex Trading reduced its stake in DAL by selling 47,098 shares or 64.92% in the most recent quarter. The Hedge Fund company now holds 25,448 shares of DAL which is valued at $1,023,264. Delta Air Lines makes up approx 0.13% of Simplex Trading’s portfolio.Partnerre Asset Management Corp reduced its stake in DAL by selling 100 shares or 1.88% in the most recent quarter. The Hedge Fund company now holds 5,230 shares of DAL which is valued at $209,723. Delta Air Lines makes up approx 0.11% of Partnerre Asset Management Corp’s portfolio.Gateway Investment Advisers reduced its stake in DAL by selling 787 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 70,048 shares of DAL which is valued at $2,771,099. Delta Air Lines makes up approx 0.02% of Gateway Investment Advisers’s portfolio.

Delta Air Lines closed down -0.61 points or -1.55% at $38.75 with 1,04,68,182 shares getting traded on Friday. Post opening the session at $39.37, the shares hit an intraday low of $38.741 and an intraday high of $39.9 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. 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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