Avior Wealth Management LLC Has $106,000 Stake in Delta Air Lines, Inc. (NYSE:DAL)

Avior Wealth Management LLC cut its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 69.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,420 shares of the transportation company's stock after selling 5,574 shares during the quarter. Avior Wealth Management LLC's holdings in Delta Air Lines were worth $106,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DAL. HighPoint Advisor Group LLC boosted its stake in shares of Delta Air Lines by 1.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 8,555 shares of the transportation company's stock valued at $554,000 after purchasing an additional 155 shares in the last quarter. Continuum Advisory LLC increased its position in Delta Air Lines by 44.2% during the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock worth $35,000 after purchasing an additional 179 shares in the last quarter. Woodmont Investment Counsel LLC lifted its stake in Delta Air Lines by 0.5% in the 4th quarter. Woodmont Investment Counsel LLC now owns 41,790 shares of the transportation company's stock valued at $2,528,000 after purchasing an additional 192 shares during the last quarter. Nemes Rush Group LLC boosted its position in Delta Air Lines by 4.2% in the fourth quarter. Nemes Rush Group LLC now owns 4,860 shares of the transportation company's stock valued at $294,000 after buying an additional 196 shares in the last quarter. Finally, Norden Group LLC grew its stake in shares of Delta Air Lines by 1.0% during the fourth quarter. Norden Group LLC now owns 19,702 shares of the transportation company's stock worth $1,192,000 after buying an additional 197 shares during the last quarter. Institutional investors own 69.93% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on DAL shares. Dbs Bank cut Delta Air Lines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Jefferies Financial Group reiterated a "hold" rating and issued a $46.00 target price (down from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. The Goldman Sachs Group reduced their price target on Delta Air Lines from $83.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Raymond James Financial lowered their price objective on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Bank of America cut their target price on shares of Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.67.

Delta Air Lines Trading Down 2.4%

Delta Air Lines stock traded down $1.21 during mid-day trading on Wednesday, hitting $48.35. 7,877,785 shares of the stock were exchanged, compared to its average volume of 9,772,619. The stock has a market capitalization of $31.57 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 2.51 and a beta of 1.51. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The company has a quick ratio of 0.33, a current ratio of 0.38 and a debt-to-equity ratio of 0.83. The firm's fifty day simple moving average is $47.12 and its two-hundred day simple moving average is $53.59.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.38). Delta Air Lines had a return on equity of 28.18% and a net margin of 5.91%. The firm had revenue of $12.98 billion for the quarter, compared to analyst estimates of $13.85 billion. During the same quarter last year, the company earned $0.45 earnings per share. The company's quarterly revenue was down 5.6% compared to the same quarter last year. Analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, July 31st will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.55%. This is an increase from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, July 31st. Delta Air Lines's payout ratio is currently 10.64%.

Delta Air Lines Company Profile

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.