Beach Point Capital Management LP Trimmed Its Position in Delta Air Lines Del (DAL) by $2.92 Million; As Cummins (CMI) Valuation Rose, Meiji Yasuda Asset Management Company LTD Has Increased by $384,100 Its Stake

January 18, 2018 - By Vivian Park

Carl Goldsmith decreased its stake in Delta Air Lines Inc Del (DAL) by 24.06% based on its latest 2017Q3 regulatory filing with the SEC. Beach Point Capital Management Lp sold 60,877 shares as the company’s stock declined 5.91% while stock markets rallied. The hedge fund run by Carl Goldsmith held 192,106 shares of the transportation company at the end of 2017Q3, valued at $9.26 million, down from 252,983 at the end of the previous reported quarter. Beach Point Capital Management Lp who had been investing in Delta Air Lines Inc Del for a number of months, seems to be less bullish one the $42.41 billion market cap company. The stock increased 0.62% or $0.37 during the last trading session, reaching $59.72. About 6.09M shares traded. Delta Air Lines, Inc. (NYSE:DAL) has risen 11.83% since January 18, 2017 and is uptrending. It has underperformed by 4.87% the S&P500.

Meiji Yasuda Asset Management Company Ltd increased its stake in Cummins Inc (CMI) by 45.8% based on its latest 2017Q3 regulatory filing with the SEC. Meiji Yasuda Asset Management Company Ltd bought 2,300 shares as the company’s stock rose 1.30% with the market. The institutional investor held 7,322 shares of the industrial machinery and components company at the end of 2017Q3, valued at $1.23M, up from 5,022 at the end of the previous reported quarter. Meiji Yasuda Asset Management Company Ltd who had been investing in Cummins Inc for a number of months, seems to be bullish on the $30.49B market cap company. The stock increased 0.62% or $1.14 during the last trading session, reaching $183.69. About 1.05M shares traded. Cummins Inc. (NYSE:CMI) has risen 43.32% since January 18, 2017 and is uptrending. It has outperformed by 26.62% the S&P500.

Since October 12, 2017, it had 1 insider purchase, and 8 insider sales for $19.35 million activity. Shares for $8.45M were sold by Bastian Edward H on Thursday, October 12. Shares for $50,511 were sold by Smith Joanne D on Monday, December 18. Sear Steven M also sold $365,628 worth of Delta Air Lines, Inc. (NYSE:DAL) on Thursday, October 12. The insider BLAKE FRANCIS S bought 3,350 shares worth $200,193. 42,900 shares valued at $2.40 million were sold by Jacobson Paul A on Friday, December 15.

Among 20 analysts covering Delta Air Lines (NYSE:DAL), 20 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Delta Air Lines had 68 analyst reports since August 3, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Delta Air Lines, Inc. (NYSE:DAL) rating on Wednesday, January 10. Stifel Nicolaus has “Buy” rating and $85.0 target. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Hold” rating by Deutsche Bank on Friday, April 1. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Outperform” rating by Cowen & Co on Friday, December 18. The stock has “Outperform” rating by Bernstein on Monday, February 6. Credit Suisse maintained Delta Air Lines, Inc. (NYSE:DAL) on Tuesday, April 12 with “Outperform” rating. The firm has “Overweight” rating given on Wednesday, November 1 by JP Morgan. As per Friday, January 12, the company rating was maintained by Imperial Capital. Bernstein initiated Delta Air Lines, Inc. (NYSE:DAL) on Tuesday, October 11 with “Mkt Perform” rating. The firm has “Buy” rating by Deutsche Bank given on Tuesday, September 1. Stifel Nicolaus maintained it with “Buy” rating and $75.0 target in Monday, October 23 report.

Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.17, from 0.98 in 2017Q2. It increased, as 69 investors sold DAL shares while 247 reduced holdings. 92 funds opened positions while 271 raised stakes. 589.14 million shares or 3.18% less from 608.49 million shares in 2017Q2 were reported. Parallax Volatility Advisers LP owns 130,806 shares. Hillsdale Investment, Ontario – Canada-based fund reported 930 shares. Conning Inc accumulated 16,990 shares. Stratos Wealth Prtn reported 0.03% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL). Sterling Capital Limited Co invested in 0.05% or 101,058 shares. Aureus Asset Mgmt owns 4,591 shares. Zweig stated it has 205,062 shares or 0.88% of all its holdings. Rothschild Asset Management Inc holds 0.7% or 1.31M shares in its portfolio. Jolley Asset Management Ltd Liability Co holds 2.64% in Delta Air Lines, Inc. (NYSE:DAL) or 80,767 shares. Synovus Fincl reported 0.05% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL). Camarda Finance Advsrs Limited has invested 0.59% in Delta Air Lines, Inc. (NYSE:DAL). Massachusetts Financial Communication Ma stated it has 1.61M shares or 0.03% of all its holdings. 690 are held by Mitsubishi Ufj Securities Ltd. First Allied Advisory invested 0.04% in Delta Air Lines, Inc. (NYSE:DAL). Cyrus Cap Prtnrs Ltd Partnership has invested 22.46% in Delta Air Lines, Inc. (NYSE:DAL).

Since August 9, 2017, it had 0 insider purchases, and 1 sale for $260,085 activity.

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.09, from 1.01 in 2017Q2. It is positive, as 57 investors sold CMI shares while 253 reduced holdings. 92 funds opened positions while 249 raised stakes. 132.23 million shares or 1.24% more from 130.61 million shares in 2017Q2 were reported. Logan Cap Management, Pennsylvania-based fund reported 51,444 shares. 54,175 were accumulated by Sterling Cap Ltd Liability Corporation. Dreman Value Mgmt L L C holds 44 shares. Cornercap Invest Counsel holds 31,910 shares or 0.75% of its portfolio. Cetera Advisor Net Limited Co has 0.04% invested in Cummins Inc. (NYSE:CMI). Illinois-based Zacks Investment Mgmt has invested 0.05% in Cummins Inc. (NYSE:CMI). Century holds 0.45% or 2.63M shares in its portfolio. Pennsylvania Trust Co invested 0.04% in Cummins Inc. (NYSE:CMI). Gamble Jones Invest Counsel has 24,646 shares for 0.42% of their portfolio. The British Columbia – Canada-based British Columbia Invest Management Corp has invested 0.16% in Cummins Inc. (NYSE:CMI). Bridgewater Assocs Limited Partnership invested in 26,924 shares or 0.03% of the stock. Geode Cap Management Limited invested 0.13% of its portfolio in Cummins Inc. (NYSE:CMI). 60 were accumulated by Monroe Bank & Trust Mi. Johnson Counsel Inc has 0.02% invested in Cummins Inc. (NYSE:CMI). Finemark Bankshares And Trust stated it has 1,341 shares.

Among 28 analysts covering Cummins (NYSE:CMI), 7 have Buy rating, 3 Sell and 18 Hold. Therefore 25% are positive. Cummins had 92 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Monday, July 10 by RBC Capital Markets. Wells Fargo maintained Cummins Inc. (NYSE:CMI) rating on Friday, October 6. Wells Fargo has “Market Perform” rating and $190 target. As per Tuesday, October 31, the company rating was maintained by Stifel Nicolaus. Macquarie Research maintained the stock with “Outperform” rating in Friday, February 5 report. The rating was maintained by Stifel Nicolaus on Thursday, April 13 with “Hold”. The firm has “Hold” rating by Jefferies given on Friday, June 30. The company was maintained on Wednesday, October 18 by Stifel Nicolaus. Citigroup downgraded Cummins Inc. (NYSE:CMI) on Monday, January 25 to “Neutral” rating. As per Wednesday, November 1, the company rating was maintained by Jefferies. On Tuesday, December 1 the stock rating was downgraded by Bank of America to “Underperform”.

Meiji Yasuda Asset Management Company Ltd, which manages about $1.02 billion US Long portfolio, decreased its stake in Nisource Inc (NYSE:NI) by 12,500 shares to 14,373 shares, valued at $368,000 in 2017Q3, according to the filing. It also reduced its holding in Goldman Sachs Group Inc (NYSE:GS) by 2,630 shares in the quarter, leaving it with 6,145 shares, and cut its stake in Price T Rowe Group Inc (NASDAQ:TROW).

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