Allstate (ALL) Stock Value Declined While Tiedemann Wealth Management Decreased Stake by $652,288; Delta Air Lines (DAL) Holder Putnam Investments Cut Its Holding

April 19, 2018 - By Ellis Scott

The Allstate Corporation (NYSE:ALL) Logo

Putnam Investments Llc decreased its stake in Delta Air Lines Inc (DAL) by 74.89% based on its latest 2017Q4 regulatory filing with the SEC. Putnam Investments Llc sold 521,304 shares as the company’s stock declined 3.16% with the market. The institutional investor held 174,795 shares of the transportation company at the end of 2017Q4, valued at $9.79M, down from 696,099 at the end of the previous reported quarter. Putnam Investments Llc who had been investing in Delta Air Lines Inc for a number of months, seems to be less bullish one the $38.60B market cap company. The stock increased 1.21% or $0.66 during the last trading session, reaching $55.21. About 7.50M shares traded. Delta Air Lines, Inc. (NYSE:DAL) has risen 17.70% since April 19, 2017 and is uptrending. It has outperformed by 6.15% the S&P500.

Tiedemann Wealth Management Llc decreased its stake in Allstate Corp (ALL) by 66.77% based on its latest 2017Q4 regulatory filing with the SEC. Tiedemann Wealth Management Llc sold 6,272 shares as the company’s stock declined 10.30% with the market. The institutional investor held 3,122 shares of the property-casualty insurers company at the end of 2017Q4, valued at $327,000, down from 9,394 at the end of the previous reported quarter. Tiedemann Wealth Management Llc who had been investing in Allstate Corp for a number of months, seems to be less bullish one the $34.53B market cap company. The stock increased 0.04% or $0.04 during the last trading session, reaching $97.79. About 2.16 million shares traded. The Allstate Corporation (NYSE:ALL) has risen 15.17% since April 19, 2017 and is uptrending. It has outperformed by 3.62% the S&P500.

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 75 analyst reports since August 3, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Delta Air Lines, Inc. (NYSE:DAL) rating on Friday, September 22. Stifel Nicolaus has “Buy” rating and $75.0 target. The stock has “Buy” rating by Argus Research on Wednesday, October 21. Imperial Capital maintained Delta Air Lines, Inc. (NYSE:DAL) rating on Tuesday, July 11. Imperial Capital has “Hold” rating and $5400 target. The firm has “Buy” rating by Stifel Nicolaus given on Monday, October 23. The firm earned “Buy” rating on Thursday, April 5 by Stifel Nicolaus. The firm has “Buy” rating by Deutsche Bank given on Monday, December 5. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Outperform” rating by Cowen & Co on Friday, December 18. On Wednesday, November 1 the stock rating was maintained by JP Morgan with “Overweight”. The stock has “Overweight” rating by Morgan Stanley on Thursday, August 17. The company was maintained on Thursday, March 29 by Stephens.

Since December 15, 2017, it had 1 buying transaction, and 9 selling transactions for $15.51 million activity. Smith Joanne D also sold $50,511 worth of Delta Air Lines, Inc. (NYSE:DAL) shares. BLAKE FRANCIS S also bought $200,193 worth of Delta Air Lines, Inc. (NYSE:DAL) on Friday, January 12. Sear Steven M had sold 10,783 shares worth $604,333 on Monday, December 18. West W Gilbert had sold 9,000 shares worth $504,540 on Friday, February 2. On Tuesday, December 19 the insider Bastian Edward H sold $4.10M. 31,600 Delta Air Lines, Inc. (NYSE:DAL) shares with value of $1.76 million were sold by HAUENSTEIN GLEN W.

Analysts await Delta Air Lines, Inc. (NYSE:DAL) to report earnings on July, 12. They expect $1.91 EPS, up 16.46% or $0.27 from last year’s $1.64 per share. DAL’s profit will be $1.34 billion for 7.23 P/E if the $1.91 EPS becomes a reality. After $0.74 actual EPS reported by Delta Air Lines, Inc. for the previous quarter, Wall Street now forecasts 158.11% EPS growth.

Putnam Investments Llc, which manages about $89.35 billion and $44.83B US Long portfolio, upped its stake in Layne Christensen Company (NASDAQ:LAYN) by 73,300 shares to 213,919 shares, valued at $2.69 million in 2017Q4, according to the filing. It also increased its holding in Dxc Technology Co by 76,791 shares in the quarter, for a total of 3.18M shares, and has risen its stake in Jazz Investments I Ltd.

Investors sentiment decreased to 1.11 in 2017 Q4. 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. First Republic Inv Management, a California-based fund reported 195,994 shares. Teacher Retirement Of Texas holds 0.18% or 483,460 shares in its portfolio. Swiss Comml Bank stated it has 668,107 shares or 0.04% of all its holdings. Fjarde Ap has 0% invested in Delta Air Lines, Inc. (NYSE:DAL). Tarbox Family Office holds 0% or 120 shares in its portfolio. Geode Cap Mgmt Ltd Liability invested in 6.45M shares or 0.12% of the stock. Korea Investment Corporation accumulated 986,500 shares or 0.25% of the stock. Moreover, Amalgamated Bank & Trust has 0.13% invested in Delta Air Lines, Inc. (NYSE:DAL). Canada Pension Plan Board reported 0.09% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL). Boston Advisors Limited Liability Co reported 0.01% in Delta Air Lines, Inc. (NYSE:DAL). Winslow Evans Crocker Inc reported 1,158 shares stake. Davenport And Com Limited Liability Corporation invested in 0.5% or 748,605 shares. Baskin has invested 1.76% in Delta Air Lines, Inc. (NYSE:DAL). Tyvor Capital Ltd Liability Com has 203,325 shares. Sit Invest Assoc holds 0.67% or 498,490 shares in its portfolio.

Among 22 analysts covering The Allstate Corporation (NYSE:ALL), 8 have Buy rating, 1 Sell and 13 Hold. Therefore 36% are positive. The Allstate Corporation had 56 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was downgraded by Keefe Bruyette & Woods on Wednesday, March 1 to “Mkt Perform”. Deutsche Bank maintained it with “Hold” rating and $100 target in Friday, February 9 report. Wood maintained The Allstate Corporation (NYSE:ALL) rating on Friday, June 16. Wood has “Hold” rating and $88 target. Macquarie Research upgraded The Allstate Corporation (NYSE:ALL) on Wednesday, August 5 to “Neutral” rating. The stock of The Allstate Corporation (NYSE:ALL) earned “Hold” rating by Deutsche Bank on Thursday, August 3. The rating was maintained by Wells Fargo with “Buy” on Friday, June 23. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Wednesday, August 2. The stock of The Allstate Corporation (NYSE:ALL) earned “Neutral” rating by UBS on Monday, November 6. Piper Jaffray initiated the shares of ALL in report on Thursday, October 15 with “Overweight” rating. On Thursday, November 2 the stock rating was maintained by Credit Suisse with “Neutral”.

Analysts await The Allstate Corporation (NYSE:ALL) to report earnings on May, 1 after the close. They expect $2.40 earnings per share, up 46.34% or $0.76 from last year’s $1.64 per share. ALL’s profit will be $847.52 million for 10.19 P/E if the $2.40 EPS becomes a reality. After $2.09 actual earnings per share reported by The Allstate Corporation for the previous quarter, Wall Street now forecasts 14.83% EPS growth.

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

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