Campbell & CO Investment Adviser LLC Has $4.02 Million Stock Holdings in Delta Air Lines, Inc. $DAL

Key Points

• Campbell & CO Investment Adviser LLC reduced its stake in Delta Air Lines by 5.8%, owning 92,168 shares valued at approximately $4.02 million as of the latest SEC filing.
• Delta Air Lines recently announced an increase in its quarterly dividend to $0.1875 per share, reflecting a 1.2% yield and an increase from the previous dividend of $0.15.
• Analysts have generally upgraded their price targets for Delta Air Lines, with ratings increasing from $51.00 to $69.20 across various firms, maintaining a consensus rating of "Buy."

Campbell & CO Investment Adviser LLC decreased its holdings in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 5.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 92,168 shares of the transportation company's stock after selling 5,700 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Delta Air Lines were worth $4,019,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Continuum Advisory LLC raised its stake in shares of Delta Air Lines by 44.2% in the 4th quarter. Continuum Advisory LLC now owns 584 shares of the transportation company's stock valued at $35,000 after buying an additional 179 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Delta Air Lines in the 1st quarter valued at $33,000. Hara Capital LLC acquired a new position in shares of Delta Air Lines in the 1st quarter valued at $35,000. Bernard Wealth Management Corp. acquired a new position in shares of Delta Air Lines in the 4th quarter valued at $51,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Delta Air Lines in the 4th quarter valued at $54,000. Institutional investors and hedge funds own 69.93% of the company's stock.

Insiders Place Their Bets

In related news, EVP Alain Bellemare sold 45,423 shares of the firm's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $55.56, for a total value of $2,523,701.88. Following the completion of the transaction, the executive vice president directly owned 131,731 shares of the company's stock, valued at approximately $7,318,974.36. This trade represents a 25.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael P. Huerta sold 2,500 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $60.70, for a total transaction of $151,750.00. Following the completion of the transaction, the director directly owned 33,245 shares of the company's stock, valued at $2,017,971.50. This represents a 6.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,473 shares of company stock valued at $7,663,496 in the last quarter. Company insiders own 0.88% of the company's stock.

Delta Air Lines Stock Up 6.6%

Shares of NYSE:DAL opened at $61.6320 on Friday. Delta Air Lines, Inc. has a 12 month low of $34.74 and a 12 month high of $69.98. The company's 50-day moving average price is $53.69 and its two-hundred day moving average price is $50.88. The company has a quick ratio of 0.33, a current ratio of 0.38 and a debt-to-equity ratio of 0.74. The firm has a market cap of $40.24 billion, a P/E ratio of 8.93, a P/E/G ratio of 1.93 and a beta of 1.56.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its quarterly earnings data on Thursday, July 10th. The transportation company reported $2.10 EPS for the quarter, topping analysts' consensus estimates of $2.01 by $0.09. Delta Air Lines had a net margin of 7.24% and a return on equity of 24.86%. The firm had revenue of $15,507,000 billion for the quarter, compared to analyst estimates of $16.16 billion. During the same quarter in the prior year, the firm earned $2.36 EPS. The company's revenue was down .1% on a year-over-year basis. As a group, research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, July 31st were given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.2%. This is an increase from Delta Air Lines's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, July 31st. Delta Air Lines's payout ratio is 10.87%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DAL shares. Susquehanna Bancshares increased their price objective on shares of Delta Air Lines from $51.00 to $65.00 and gave the company a "positive" rating in a research note on Friday, July 11th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Delta Air Lines from $53.00 to $63.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Bernstein Bank upped their target price on shares of Delta Air Lines from $60.00 to $66.00 and gave the stock an "outperform" rating in a report on Friday, July 11th. Citigroup upped their target price on shares of Delta Air Lines from $62.00 to $65.50 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, HSBC upped their target price on shares of Delta Air Lines from $64.00 to $69.20 in a report on Friday, July 11th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Delta Air Lines has an average rating of "Buy" and an average price target of $66.21.

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.

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