Cambiar Investors LLC Has $75.59 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Cambiar Investors LLC lowered its stake in shares of Delta Air Lines, Inc. (NYSE:DAL) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,249,445 shares of the transportation company’s stock after selling 80,839 shares during the quarter. Delta Air Lines accounts for 3.0% of Cambiar Investors LLC’s investment portfolio, making the stock its largest holding. Cambiar Investors LLC owned 0.19% of Delta Air Lines worth $75,591,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Mason & Associates Inc grew its stake in Delta Air Lines by 3.2% in the 4th quarter. Mason & Associates Inc now owns 5,088 shares of the transportation company’s stock valued at $308,000 after purchasing an additional 160 shares during the period. DAVENPORT & Co LLC grew its stake in Delta Air Lines by 1.2% in the 4th quarter. DAVENPORT & Co LLC now owns 14,298 shares of the transportation company’s stock valued at $865,000 after purchasing an additional 173 shares during the period. Armstrong Advisory Group Inc. grew its stake in Delta Air Lines by 10.6% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,820 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 175 shares during the period. Ballentine Partners LLC grew its stake in shares of Delta Air Lines by 3.7% during the 4th quarter. Ballentine Partners LLC now owns 5,267 shares of the transportation company’s stock worth $319,000 after acquiring an additional 188 shares during the period. Finally, Huntington National Bank grew its stake in shares of Delta Air Lines by 2.9% during the 3rd quarter. Huntington National Bank now owns 6,679 shares of the transportation company’s stock worth $339,000 after acquiring an additional 189 shares during the period. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

NYSE:DAL opened at $66.20 on Tuesday. The business’s 50-day moving average price is $64.01 and its two-hundred day moving average price is $54.93. Delta Air Lines, Inc. has a twelve month low of $37.29 and a twelve month high of $69.98. The stock has a market cap of $42.72 billion, a P/E ratio of 12.42, a PEG ratio of 0.80 and a beta of 1.36. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $15.56 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same quarter last year, the firm posted $1.28 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts predict that Delta Air Lines, Inc. will post 7.63 EPS 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. Shareholders of record on Thursday, February 27th will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.91%. Delta Air Lines’s payout ratio is currently 11.26%.

Insider Buying and Selling at Delta Air Lines

In other news, EVP Rahul D. Samant sold 17,970 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $69.08, for a total transaction of $1,241,367.60. Following the transaction, the executive vice president now directly owns 35,889 shares in the company, valued at approximately $2,479,212.12. This represents a 33.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William C. Carroll sold 8,400 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the transaction, the senior vice president now owns 19,756 shares in the company, valued at $1,304,291.12. This trade represents a 29.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,863 shares of company stock valued at $8,649,150 in the last 90 days. Corporate insiders own 0.96% of the company’s stock.

Analyst Ratings Changes

DAL has been the subject of several research reports. UBS Group reiterated a “buy” rating and set a $88.00 price target on shares of Delta Air Lines in a research note on Tuesday, November 26th. Citigroup increased their price target on Delta Air Lines from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Jefferies Financial Group increased their price target on Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. The Goldman Sachs Group reiterated a “buy” rating and set a $83.00 price target on shares of Delta Air Lines in a research note on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Delta Air Lines from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price 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.