Cambiar Investors LLC Trims Position in Delta Air Lines, Inc. (NYSE:DAL)

Cambiar Investors LLC trimmed its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,249,445 shares of the transportation company’s stock after selling 80,839 shares during the quarter. Delta Air Lines makes up 3.0% of Cambiar Investors LLC’s investment portfolio, making the stock its largest position. Cambiar Investors LLC’s holdings in Delta Air Lines were worth $75,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of DAL. Savant Capital LLC grew its position in shares of Delta Air Lines by 4.1% in the 4th quarter. Savant Capital LLC now owns 84,590 shares of the transportation company’s stock worth $5,118,000 after buying an additional 3,354 shares during the last quarter. Burns Matteson Capital Management LLC bought a new stake in shares of Delta Air Lines in the 4th quarter worth approximately $451,000. Focused Wealth Management Inc bought a new stake in shares of Delta Air Lines in the 4th quarter worth approximately $221,000. Kestra Private Wealth Services LLC grew its position in shares of Delta Air Lines by 2.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 22,380 shares of the transportation company’s stock worth $1,354,000 after buying an additional 474 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Delta Air Lines in the 4th quarter worth approximately $1,353,000. 69.93% of the stock is currently owned by institutional investors.

Delta Air Lines Stock Down 2.8 %

Shares of NYSE:DAL opened at $66.20 on Tuesday. The stock has a fifty day simple moving average of $64.01 and a two-hundred day simple moving average of $54.93. The stock has a market capitalization of $42.72 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 0.80 and a beta of 1.36. Delta Air Lines, Inc. has a 12-month low of $37.29 and a 12-month high of $69.98. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last announced its quarterly earnings data on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.09. Delta Air Lines had a return on equity of 30.43% and a net margin of 5.61%. The business had revenue of $15.56 billion during the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter in the previous year, the business earned $1.28 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that Delta Air Lines, Inc. will post 7.63 earnings per share for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s dividend payout ratio is currently 11.26%.

Insider Transactions at Delta Air Lines

In other news, SVP William C. Carroll sold 6,783 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the completion of the transaction, the senior vice president now owns 10,016 shares in the company, valued at $660,455.04. The trade was a 40.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Rahul D. Samant sold 17,970 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total value of $1,241,367.60. Following the completion of the transaction, the executive vice president now owns 35,889 shares of the company’s stock, valued at $2,479,212.12. This represents a 33.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,863 shares of company stock worth $8,649,150 over the last quarter. 0.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DAL has been the topic of a number of recent analyst reports. StockNews.com lowered Delta Air Lines from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Jefferies Financial Group lifted their price objective on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Citigroup raised their target price on Delta Air Lines from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. TD Cowen raised their target price on Delta Air Lines from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, UBS Group restated a “buy” rating and issued a $88.00 target price on shares of Delta Air Lines in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Delta Air Lines currently has an average rating of “Buy” and an average price target of $78.22.

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.