Cambiar Investors LLC Reduces Stock Position in Delta Air Lines, Inc. $DAL

Cambiar Investors LLC trimmed its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 30.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 957,723 shares of the transportation company’s stock after selling 427,778 shares during the period. Delta Air Lines makes up about 2.5% of Cambiar Investors LLC’s investment portfolio, making the stock its 9th largest holding. Cambiar Investors LLC owned 0.15% of Delta Air Lines worth $54,351,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Delta Air Lines by 2.3% during the second quarter. Vanguard Group Inc. now owns 74,572,577 shares of the transportation company’s stock valued at $3,667,479,000 after purchasing an additional 1,648,071 shares in the last quarter. Ninety One UK Ltd grew its stake in Delta Air Lines by 23.6% during the third quarter. Ninety One UK Ltd now owns 3,860,710 shares of the transportation company’s stock valued at $219,095,000 after acquiring an additional 736,342 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Delta Air Lines by 39.8% in the second quarter. Thrivent Financial for Lutherans now owns 2,407,585 shares of the transportation company’s stock worth $118,409,000 after purchasing an additional 685,312 shares during the last quarter. State Street Corp raised its holdings in shares of Delta Air Lines by 2.6% during the 2nd quarter. State Street Corp now owns 23,059,848 shares of the transportation company’s stock worth $1,134,083,000 after acquiring an additional 581,421 shares in the last quarter. Finally, Norges Bank bought a new position in Delta Air Lines during the second quarter valued at $27,351,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DAL shares. UBS Group reduced their price objective on shares of Delta Air Lines from $90.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. Susquehanna upped their price objective on shares of Delta Air Lines from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Friday, January 9th. Wells Fargo & Company set a $87.00 target price on Delta Air Lines in a research report on Thursday, December 18th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $81.00 price objective on shares of Delta Air Lines in a research report on Wednesday, January 14th. Finally, Argus set a $80.00 target price on Delta Air Lines in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $80.47.

Insider Activity at Delta Air Lines

In other Delta Air Lines news, insider Peter W. Carter sold 14,300 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $70.30, for a total value of $1,005,290.00. Following the sale, the insider directly owned 177,142 shares of the company’s stock, valued at approximately $12,453,082.60. This represents a 7.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Edward H. Bastian sold 173,230 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $71.00, for a total value of $12,299,330.00. Following the sale, the chief executive officer directly owned 632,823 shares in the company, valued at $44,930,433. This trade represents a 21.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 351,243 shares of company stock worth $24,742,087 over the last quarter. 0.96% of the stock is currently owned by insiders.

Delta Air Lines Stock Performance

DAL opened at $66.15 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.34 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $68.12 and its 200 day moving average price is $61.70. The firm has a market capitalization of $43.19 billion, a PE ratio of 8.62, a PEG ratio of 0.65 and a beta of 1.38. Delta Air Lines, Inc. has a twelve month low of $34.74 and a twelve month high of $73.16.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings data on Tuesday, January 13th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.02. The firm had revenue of $14.61 billion during the quarter, compared to analysts’ expectations of $15.80 billion. Delta Air Lines had a net margin of 7.90% and a return on equity of 20.99%. Delta Air Lines’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $1.85 earnings per share. Delta Air Lines has set its Q1 2026 guidance at 0.500-0.900 EPS and its FY 2026 guidance at 6.500-7.500 EPS. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.