Cambiar Investors LLC Sells 80,839 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Cambiar Investors LLC lessened its stake in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,249,445 shares of the transportation company's stock after selling 80,839 shares during the quarter. Delta Air Lines accounts for about 3.0% of Cambiar Investors LLC's investment portfolio, making the stock its biggest holding. Cambiar Investors LLC owned about 0.19% of Delta Air Lines worth $75,591,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DAL. New Wave Wealth Advisors LLC acquired a new position in Delta Air Lines during the fourth quarter worth $27,000. Crews Bank & Trust acquired a new position in Delta Air Lines during the fourth quarter worth $30,000. Ashton Thomas Securities LLC acquired a new position in Delta Air Lines during the third quarter worth $31,000. Modus Advisors LLC acquired a new position in Delta Air Lines during the fourth quarter worth $33,000. Finally, Harbor Investment Advisory LLC boosted its holdings in Delta Air Lines by 217.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company's stock worth $34,000 after purchasing an additional 380 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company's stock.

Wall Street Analysts Forecast Growth

DAL has been the subject of several recent research reports. The Goldman Sachs Group restated a "buy" rating and set a $83.00 target price on shares of Delta Air Lines in a report on Friday, November 15th. UBS Group restated a "buy" rating and set a $88.00 target price on shares of Delta Air Lines in a report on Tuesday, November 26th. Barclays increased their target price on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Citigroup increased their price target on shares of Delta Air Lines from $65.00 to $76.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, TD Cowen increased their price target on shares of Delta Air Lines from $78.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Delta Air Lines presently has an average rating of "Buy" and a consensus target price of $78.22.

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Delta Air Lines Stock Performance

Shares of DAL traded up $1.35 during trading hours on Friday, hitting $65.41. The company had a trading volume of 6,046,263 shares, compared to its average volume of 8,219,538. The firm has a market cap of $42.21 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 0.80 and a beta of 1.36. The business has a fifty day moving average of $64.12 and a 200-day moving average of $55.38. Delta Air Lines, Inc. has a 12 month low of $37.29 and a 12 month high of $69.98. 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 - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $15.56 billion for the quarter, compared to analyst estimates of $14.20 billion. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.43%. The company's revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.28 earnings per share. Equities analysts anticipate 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. Investors of record on Thursday, February 27th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Thursday, February 27th. Delta Air Lines's dividend payout ratio is 11.26%.

Insider Buying and Selling

In related news, EVP Rahul D. Samant sold 38,023 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the transaction, the executive vice president now directly owns 52,789 shares of the company's stock, valued at approximately $3,425,478.21. This trade represents a 41.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the transaction, the chief executive officer now directly owns 439,819 shares in the company, valued at approximately $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 162,886 shares of company stock valued at $11,116,463. 0.96% of the stock is owned by company insiders.

Delta Air Lines 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.