Bowling Portfolio Management LLC Has Trimmed Stake in Delta Air Lines INC (DAL) by $3.36 Million as Market Valuation Declined

April 17, 2018 - By Maria Brooks

Delta Air Lines, Inc. (NYSE:DAL) LogoInvestors sentiment decreased to 1.11 in Q4 2017. Its down 0.04, from 1.15 in 2017Q3. It turned negative, as 54 investors sold DAL shares while 267 reduced holdings. 104 funds opened positions while 251 raised stakes. 583.95 million shares or 0.88% less from 589.14 million shares in 2017Q3 were reported. Hennessy Advisors holds 53,200 shares or 0.09% of its portfolio. Cap Investment Ltd Co has invested 0.02% in Delta Air Lines, Inc. (NYSE:DAL). Coldstream Mgmt Incorporated owns 5,802 shares or 0.04% of their US portfolio. Par owns 13.06M shares for 8.17% of their portfolio. 51,772 were accumulated by At National Bank & Trust. Buckingham Mgmt holds 0.56% in Delta Air Lines, Inc. (NYSE:DAL) or 47,402 shares. Mitsubishi Ufj Tru holds 0.04% or 443,483 shares. 232,051 are owned by Jefferies Grp Incorporated Ltd Limited Liability Company. Glg Prtnrs Lp has 20,596 shares for 0.05% of their portfolio. California Public Employees Retirement System accumulated 1.59M shares or 0.12% of the stock. St Johns Investment Management Limited Company, a Florida-based fund reported 1,000 shares. Alpine Woods Capital Limited Co owns 370,300 shares for 1.04% of their portfolio. Bank Of The West holds 1.98% in Delta Air Lines, Inc. (NYSE:DAL) or 282,601 shares. Point72 Asset Mngmt Ltd Partnership holds 552,200 shares. Oppenheimer Com holds 100,302 shares or 0.14% of its portfolio.

Since December 15, 2017, it had 1 insider purchase, and 9 sales for $15.51 million activity. HAUENSTEIN GLEN W had sold 31,600 shares worth $1.76M. Sear Steven M sold 10,783 shares worth $604,333. Shares for $50,511 were sold by Smith Joanne D on Monday, December 18. Bastian Edward H sold $4.10M worth of stock. 3,350 shares were bought by BLAKE FRANCIS S, worth $200,193 on Friday, January 12. Shares for $504,540 were sold by West W Gilbert.

Bowling Portfolio Management Llc decreased its stake in Delta Air Lines Inc (DAL) by 46.8% based on its latest 2017Q4 regulatory filing with the SEC. Bowling Portfolio Management Llc sold 61,084 shares as the company’s stock declined 3.16% with the market. The institutional investor held 69,434 shares of the transportation company at the end of 2017Q4, valued at $3.89M, down from 130,518 at the end of the previous reported quarter. Bowling Portfolio Management Llc who had been investing in Delta Air Lines Inc for a number of months, seems to be less bullish one the $37.93B market cap company. The stock decreased 0.09% or $0.05 during the last trading session, reaching $54.25. About 3.88M shares traded. Delta Air Lines, Inc. (NYSE:DAL) has risen 17.70% since April 17, 2017 and is uptrending. It has outperformed by 6.15% the S&P500.

Bowling Portfolio Management Llc, which manages about $492.89M and $752.40 million US Long portfolio, upped its stake in Ford Mtr Co Del (NYSE:F) by 321,183 shares to 335,405 shares, valued at $4.19 million in 2017Q4, according to the filing. It also increased its holding in Amdocs Ltd (NASDAQ:DOX) by 54,167 shares in the quarter, for a total of 96,586 shares, and has risen its stake in Abbvie Inc (NYSE:ABBV).

Delta Air Lines, Inc. (NYSE:DAL) Ratings Coverage

Among 8 analysts covering Delta Airlines (NYSE:DAL), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Delta Airlines had 18 analyst reports since October 23, 2017 according to SRatingsIntel. The firm has “Buy” rating by Raymond James given on Thursday, December 14. The stock has “Overweight” rating by Morgan Stanley on Thursday, April 12. Morgan Stanley maintained Delta Air Lines, Inc. (NYSE:DAL) on Monday, November 13 with “Overweight” rating. As per Wednesday, November 1, the company rating was maintained by JP Morgan. The firm has “Buy” rating by Stephens given on Thursday, March 29. The company was maintained on Monday, January 8 by Stephens. As per Wednesday, January 10, the company rating was maintained by Stifel Nicolaus. Morgan Stanley maintained Delta Air Lines, Inc. (NYSE:DAL) on Monday, March 19 with “Overweight” rating. The firm earned “Buy” rating on Friday, December 15 by Cowen & Co. Cowen & Co maintained it with “Buy” rating and $69.0 target in Monday, January 8 report.

Delta Air Lines, Inc. (NYSE:DAL) Institutional Positions Chart

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