Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Avior Wealth Management LLC

Avior Wealth Management LLC boosted its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 29.7% in the third quarter, HoldingsChannel.com reports. The firm owned 10,300 shares of the transportation company’s stock after buying an additional 2,356 shares during the quarter. Avior Wealth Management LLC’s holdings in Delta Air Lines were worth $523,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DAL. Jupiter Asset Management Ltd. acquired a new position in shares of Delta Air Lines in the 2nd quarter valued at $60,217,000. Dimensional Fund Advisors LP boosted its stake in Delta Air Lines by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,933,785 shares of the transportation company’s stock valued at $471,330,000 after acquiring an additional 1,105,674 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Delta Air Lines by 419.5% in the third quarter. Janney Montgomery Scott LLC now owns 562,129 shares of the transportation company’s stock valued at $28,551,000 after acquiring an additional 453,926 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Delta Air Lines by 159.8% during the second quarter. American Century Companies Inc. now owns 588,436 shares of the transportation company’s stock worth $27,915,000 after purchasing an additional 361,942 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Delta Air Lines by 28.9% during the third quarter. Victory Capital Management Inc. now owns 1,595,203 shares of the transportation company’s stock worth $81,020,000 after purchasing an additional 358,082 shares in the last quarter. 69.93% of the stock is currently owned by hedge funds and other institutional investors.

Delta Air Lines Stock Down 0.3 %

DAL opened at $63.48 on Friday. The business’s fifty day simple moving average is $54.65 and its 200 day simple moving average is $49.08. Delta Air Lines, Inc. has a 52 week low of $35.46 and a 52 week high of $66.25. The firm has a market cap of $40.96 billion, a P/E ratio of 8.82, a PEG ratio of 1.23 and a beta of 1.33. The company has a quick ratio of 0.34, a current ratio of 0.39 and a debt-to-equity ratio of 1.05.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, October 10th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.02). The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $14.65 billion. Delta Air Lines had a return on equity of 29.93% and a net margin of 7.71%. Delta Air Lines’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.03 earnings per share. As a group, equities research analysts anticipate that Delta Air Lines, Inc. will post 6.07 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 10th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.60 annualized dividend and a yield of 0.95%. Delta Air Lines’s dividend payout ratio (DPR) is presently 8.33%.

Analysts Set New Price Targets

Several research analysts have commented on DAL shares. Barclays lifted their price target on Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Delta Air Lines from $60.00 to $80.00 and gave the company a “buy” rating in a report on Thursday. Susquehanna upped their price target on shares of Delta Air Lines from $50.00 to $59.00 and gave the company a “positive” rating in a research report on Wednesday, October 9th. TD Cowen raised their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Sanford C. Bernstein upped their target price on shares of Delta Air Lines from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $72.75.

Insiders Place Their Bets

In related news, EVP Joanne D. Smith sold 3,431 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $50.46, for a total value of $173,128.26. Following the completion of the transaction, the executive vice president now directly owns 108,990 shares in the company, valued at approximately $5,499,635.40. This represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Edward H. Bastian sold 68,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $56.33, for a total value of $3,830,440.00. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $24,775,004.27. The trade was a 13.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,240 shares of company stock valued at $8,044,893 in the last quarter. 0.96% of the stock is currently owned by company insiders.

About Delta Air Lines

Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Sao Paulo, Seoul-Incheon, and Tokyo.