Mayo Investment Advisers Has Cut Holding in Delta Air Lines Del (DAL) by $756000 as Share …



July 13, 2018 – By Jacqueline McKee

Bank of America Corporation (NYSE:BAC) Logo

Mayo Investment Advisers Llc decreased its stake in Delta Air Lines Inc Del (DAL) by 19.58% based on its latest 2018Q1 regulatory filing with the SEC. Mayo Investment Advisers Llc sold 14,000 shares as the company’s stock rose 2.16% while stock markets declined. The institutional investor held 57,500 shares of the transportation company at the end of 2018Q1, valued at $3.15M, down from 71,500 at the end of the previous reported quarter. Mayo Investment Advisers Llc who had been investing in Delta Air Lines Inc Del for a number of months, seems to be less bullish one the $35.54 billion market cap company. The stock increased 0.24% or $0.1199 during the last trading session, reaching $50.8499. About 4.35M shares traded. Delta Air Lines, Inc. (NYSE:DAL) has risen 10.85% since July 13, 2017 and is uptrending. It has underperformed by 1.72% the S&P500. Some Historical DAL News: 12/04/2018 – Delta Air Sees FY19 Revenue Growth 4% to 6%; 30/05/2018 – DELTA SAYS WILL FOCUS ON MIAMI-HAVANA, ATLANTA-HAVANA ROUTES; 23/03/2018 – Delta Air Lines may outfit some employees with ‘wearable robotics’; 10/04/2018 – PRESS RELEASE – DELTA COMMUNITY SUPPORTS FAMILIES, FINANCIAL EDUCATION AND HEALTH & HUMAN SERVICES; 12/04/2018 – Delta Air 1Q Load Factor 82.9%; 15/05/2018 – DAL TO TAKE `FRESH LOOK’ AT FUEL PRICES, `RESPOND ACCORDINGLY’; 16/04/2018 – Moody’s Assigns Baa3 Rating To Delta Air Lines’ New Senior Unsecured Notes; 12/04/2018 – Delta Air Sees 2Q EPS $1.80-EPS $2; 05/04/2018 – DELTA CONFIRMS INCIDENT WAS RESOLVED BY [24]7.AI LAST OCTOBER; 04/04/2018 – DELTA: SOME [24]7.AI CUSTOMER INFO MAY HAVE BEEN ACCESSED

Linden Advisors Lp decreased its stake in Bank Of America Corp (BAC) by 10.18% based on its latest 2018Q1 regulatory filing with the SEC. Linden Advisors Lp sold 176,100 shares as the company’s stock declined 6.97% with the market. The institutional investor held 1.55M shares of the major banks company at the end of 2018Q1, valued at $46.60 million, down from 1.73M at the end of the previous reported quarter. Linden Advisors Lp who had been investing in Bank Of America Corp for a number of months, seems to be less bullish one the $288.36 billion market cap company. The stock decreased 1.15% or $0.3305 during the last trading session, reaching $28.4395. About 53.56M shares traded. Bank of America Corporation (NYSE:BAC) has risen 29.72% since July 13, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: 21/05/2018 – PARAMOUNT GROUP INC PGRE.N : BOFA MERRILL RAISES PRICE OBJECTIVE TO $16 FROM $15.50; 10/04/2018 – Brew City Royalties: Nvidia is a buy according to Bank of America, Apple reportedly dives deeper into augmented realit; 15/05/2018 – DELTA CFO WEBCAST AT BANK OF AMERICA CONFERENCE CONCLUDES; 20/03/2018 – MULESOFT INC – SALESFORCE HAS OBTAINED A COMMITMENT FROM BOFA MERRILL LYNCH FOR A $3.0 BLN BRIDGE LOAN FACILITY; 12/04/2018 – GE Capital has “zero equity value,” according to Bank of America Merrill Lynch; 23/03/2018 – A.G. SCHNEIDERMAN REPORTS $42M SETTLEMENT WITH BANK OF AMERICA; 23/03/2018 – NY AG Fines Bank Of America $42 Million For Fraudulent ‘masking’ Scheme — MarketWatch; 16/04/2018 – BANK OF AMERICA – QTRLY REVENUE, NET OF INTEREST EXPENSE, INCREASED 4% TO $23.1 BILLION; 16/04/2018 – Bank of America 1Q Global Wealth & Investment Mgmt Rev $4.9B, Up 6%; 18/05/2018 – Bank of America Delivers First Widely Available AI–Driven Virtual Financial Assistant

Investors sentiment increased to 1.26 in Q1 2018. Its up 0.15, from 1.11 in 2017Q4. It is positive, as 56 investors sold DAL shares while 253 reduced holdings. 115 funds opened positions while 273 raised stakes. 569.91 million shares or 2.40% less from 583.95 million shares in 2017Q4 were reported. Retirement Systems Of Alabama invested 0.18% in Delta Air Lines, Inc. (NYSE:DAL). Argent Tru invested in 0.49% or 32,492 shares. Moody Commercial Bank Tru Division invested in 0.02% or 6,322 shares. Boothbay Fund Mgmt Lc accumulated 0.03% or 4,661 shares. Rafferty Asset Mngmt Llc holds 60,848 shares or 0.05% of its portfolio. Group Inc invested in 274,313 shares or 0.05% of the stock. Cohen & Steers owns 361 shares. 2.89 million were accumulated by Anchor Bolt Capital Limited Partnership. Dekabank Deutsche Girozentrale has invested 0.11% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL). Alliancebernstein LP reported 5.04 million shares or 0.2% of all its holdings. The Texas-based Utd Services Automobile Association has invested 0.06% in Delta Air Lines, Inc. (NYSE:DAL). Burney reported 17,676 shares. Illinois-based Citadel Ltd Liability has invested 0.04% in Delta Air Lines, Inc. (NYSE:DAL). Azimuth Cap Limited Liability Corporation has 0.02% invested in Delta Air Lines, Inc. (NYSE:DAL). Williams Jones Assocs Lc holds 208,985 shares or 0.27% of its portfolio.

More notable recent Delta Air Lines, Inc. (NYSE:DAL) news were published by: 247Wallst.com which released: “6 Most Important Things in Business Today” on July 13, 2018, also Bizjournals.com with their article: “Southwest Airlines CEO can expect call from nation’s top peanut guy” published on July 13, 2018, Bizjournals.com published: “American, JetBlue and Southwest bid for Delta’s former Cuba route” on July 09, 2018. More interesting news about Delta Air Lines, Inc. (NYSE:DAL) were released by: Fool.com and their article: “Fleet Renewal Will Lift Delta Air Lines’ Earnings” published on July 07, 2018 as well as Seekingalpha.com‘s news article titled: “Delta’s Costs Keep It From Flying Higher” with publication date: June 25, 2018.

Among 21 analysts covering Delta Air Lines (NYSE:DAL), 20 have Buy rating, 0 Sell and 1 Hold. Therefore 95% are positive. Delta Air Lines had 82 analyst reports since August 3, 2015 according to SRatingsIntel. UBS maintained the stock with “Buy” rating in Monday, August 3 report. The stock of Delta Air Lines, Inc. (NYSE:DAL) has “Buy” rating given on Thursday, December 14 by Raymond James. On Friday, September 22 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, September 6. On Thursday, June 7 the stock rating was maintained by Buckingham Research with “Buy”. Stephens maintained Delta Air Lines, Inc. (NYSE:DAL) rating on Thursday, March 29. Stephens has “Buy” rating and $7100 target. The firm has “Buy” rating by Stifel Nicolaus given on Sunday, August 20. Imperial Capital maintained the shares of DAL in report on Friday, January 12 with “Buy” rating. On Monday, July 10 the stock rating was maintained by Cowen & Co with “Buy”. Morgan Stanley maintained the shares of DAL in report on Thursday, August 17 with “Overweight” rating.

Since January 16, 2018, it had 0 insider buys, and 8 sales for $10.34 million activity. West W Gilbert had sold 17,250 shares worth $948,750. Another trade for 12,000 shares valued at $654,000 was made by Smith Joanne D on Thursday, May 31. $1.38M worth of Delta Air Lines, Inc. (NYSE:DAL) was sold by Bastian Edward H. 49,362 shares were sold by Jacobson Paul A, worth $2.97M.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Finance.Yahoo.com which released: “Bank of America Stock Looks Good on Paper, but That’s About It” on July 11, 2018, also Seekingalpha.com with their article: “Buybacks set for record, but share gains don’t match” published on July 09, 2018, Seekingalpha.com published: “Bank Of America: Downside Protection” on July 05, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Bank Of America: The Other Parts Matter” published on July 09, 2018 as well as Seekingalpha.com‘s news article titled: “How Bank Of America’s Growth Will Drive The Stock Higher” with publication date: July 10, 2018.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Hold” on Friday, October 13. The stock of Bank of America Corporation (NYSE:BAC) has “Outperform” rating given on Thursday, February 16 by Macquarie Research. The stock of Bank of America Corporation (NYSE:BAC) has “Outperform” rating given on Saturday, September 5 by Oppenheimer. The company was maintained on Friday, February 2 by Morgan Stanley. On Friday, January 29 the stock rating was upgraded by CLSA to “Outperform”. The firm earned “Buy” rating on Monday, August 24 by Vetr. The rating was downgraded by Vetr on Tuesday, August 11 to “Buy”. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Deutsche Bank on Wednesday, August 12. As per Tuesday, August 25, the company rating was upgraded by Bernstein. The stock of Bank of America Corporation (NYSE:BAC) earned “Outperform” rating by Wood on Friday, April 7.

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.24, from 1.19 in 2017Q4. It fall, as 73 investors sold BAC shares while 633 reduced holdings. 134 funds opened positions while 535 raised stakes. 6.66 billion shares or 2.67% less from 6.85 billion shares in 2017Q4 were reported. California-based Private Ocean Limited Liability has invested 0.01% in Bank of America Corporation (NYSE:BAC). Cambridge Invest Research Advisors Inc has invested 0.25% of its portfolio in Bank of America Corporation (NYSE:BAC). Umb Retail Bank N A Mo, Missouri-based fund reported 356,200 shares. The Florida-based Sabal Tru has invested 0.04% in Bank of America Corporation (NYSE:BAC). Gamble Jones Investment Counsel invested in 26,014 shares. Andra Ap owns 0.12% invested in Bank of America Corporation (NYSE:BAC) for 155,400 shares. Tci Wealth Advsr reported 16,682 shares. Azimuth Management Ltd Co holds 292,214 shares. Tiverton Asset Mgmt Ltd Liability Corporation has invested 0.33% in Bank of America Corporation (NYSE:BAC). Bnp Paribas Asset Mgmt Holding Sa reported 0.54% of its portfolio in Bank of America Corporation (NYSE:BAC). Capstone Investment Ltd Liability Co invested in 10,455 shares or 0.01% of the stock. The New York-based Suffolk Capital Mgmt Ltd has invested 1.24% in Bank of America Corporation (NYSE:BAC). Comml Bank Of Nova Scotia stated it has 2.05 million shares. Wealth Architects Llc holds 0.26% of its portfolio in Bank of America Corporation (NYSE:BAC) for 26,475 shares. Stevens Mgmt Limited Partnership holds 0.25% of its portfolio in Bank of America Corporation (NYSE:BAC) for 217,415 shares.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on July, 16 before the open. They expect $0.61 EPS, up 32.61% or $0.15 from last year’s $0.46 per share. BAC’s profit will be $6.19 billion for 11.66 P/E if the $0.61 EPS becomes a reality. After $0.62 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -1.61% negative EPS growth.

Linden Advisors Lp, which manages about $2.03B and $4.22B US Long portfolio, upped its stake in Timkensteel 6 1Jun21 (Prn) by 4.00 million shares to 33.09M shares, valued at $48.67 million in 2018Q1, according to the filing. It also increased its holding in Vector Group Ltd 1.75 15Apr20 (Prn) by 3.93M shares in the quarter, for a total of 50.70 million shares, and has risen its stake in Tcp Capital Corp 4.625 1Mar22 (Prn).

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

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