Campbell & CO Investment Adviser LLC Has $4.02 Million Position 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 reduced its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 5.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in Delta Air Lines by 5,224.6% during the 1st quarter. Pacer Advisors Inc. now owns 4,336,709 shares of the transportation company's stock valued at $189,081,000 after buying an additional 4,255,262 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Delta Air Lines by 347.4% in the first quarter. Ameriprise Financial Inc. now owns 4,232,974 shares of the transportation company's stock worth $184,909,000 after purchasing an additional 3,286,741 shares during the last quarter. Ninety One UK Ltd raised its position in Delta Air Lines by 1,469.9% during the first quarter. Ninety One UK Ltd now owns 3,309,020 shares of the transportation company's stock valued at $144,273,000 after acquiring an additional 3,098,237 shares in the last quarter. Nuveen LLC acquired a new stake in Delta Air Lines in the first quarter valued at approximately $122,849,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Delta Air Lines by 66.9% in the first quarter. Bank of New York Mellon Corp now owns 5,915,545 shares of the transportation company's stock worth $257,918,000 after acquiring an additional 2,370,795 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DAL shares. Sanford C. Bernstein restated an "outperform" rating on shares of Delta Air Lines in a research report on Friday, July 11th. Citigroup upped their target price on Delta Air Lines from $62.00 to $65.50 and gave the company a "buy" rating in a research report on Friday, July 11th. UBS Group set a $72.00 price objective on Delta Air Lines in a research note on Friday, July 11th. Wolfe Research upped their price objective on Delta Air Lines from $56.00 to $63.00 in a research note on Monday, July 14th. Finally, TD Cowen increased their target price on Delta Air Lines from $55.00 to $66.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $66.21.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, EVP Alain Bellemare sold 45,423 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $55.56, for a total transaction of $2,523,701.88. Following the completion of the transaction, the executive vice president owned 131,731 shares in the company, valued at $7,318,974.36. This trade represents a 25.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Edward H. Bastian sold 35,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $56.28, for a total transaction of $1,969,800.00. Following the completion of the sale, the chief executive officer directly owned 632,823 shares of the company's stock, valued at approximately $35,615,278.44. This represents a 5.24% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 136,473 shares of company stock valued at $7,663,496. 0.88% of the stock is owned by corporate insiders.

Delta Air Lines Stock Up 0.1%

Shares of NYSE DAL traded up $0.07 during midday trading on Friday, reaching $62.04. 2,396,371 shares of the company's stock were exchanged, compared to its average volume of 10,523,501. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.38. The stock has a market capitalization of $40.51 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 1.91 and a beta of 1.56. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. The business's fifty day moving average price is $54.75 and its two-hundred day moving average price is $50.82.

Delta Air Lines (NYSE:DAL - Get Free Report) last issued its earnings results on Thursday, July 10th. The transportation company reported $2.10 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.09. The company had revenue of $15.51 billion during the quarter, compared to the consensus estimate of $16.16 billion. Delta Air Lines had a return on equity of 24.86% and a net margin of 7.24%.Delta Air Lines's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.36 earnings per share. 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 announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st were given a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, July 31st. This is a positive change from Delta Air Lines's previous quarterly dividend of $0.15. This represents a $0.75 annualized dividend and a yield of 1.2%. Delta Air Lines's dividend payout ratio (DPR) is currently 10.87%.

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.