Allspring Global Investments Holdings LLC Purchases 2,992 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Allspring Global Investments Holdings LLC raised its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 2.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 127,498 shares of the transportation company’s stock after acquiring an additional 2,992 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Delta Air Lines were worth $5,129,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Strategic Blueprint LLC increased its stake in Delta Air Lines by 2.6% in the 4th quarter. Strategic Blueprint LLC now owns 113,603 shares of the transportation company’s stock valued at $4,570,000 after buying an additional 2,878 shares during the last quarter. Olstein Capital Management L.P. raised its holdings in Delta Air Lines by 8.6% during the fourth quarter. Olstein Capital Management L.P. now owns 240,000 shares of the transportation company’s stock worth $9,655,000 after acquiring an additional 19,000 shares in the last quarter. Meeder Asset Management Inc. boosted its position in Delta Air Lines by 325.5% during the fourth quarter. Meeder Asset Management Inc. now owns 77,647 shares of the transportation company’s stock valued at $3,124,000 after purchasing an additional 59,398 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Delta Air Lines by 7.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 105,097 shares of the transportation company’s stock valued at $4,228,000 after purchasing an additional 7,671 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV acquired a new position in shares of Delta Air Lines during the 4th quarter worth approximately $220,000. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DAL. Susquehanna raised their target price on shares of Delta Air Lines from $47.00 to $54.00 and gave the company a “positive” rating in a research note on Tuesday, April 9th. TheStreet raised shares of Delta Air Lines from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. Bank of America upped their target price on shares of Delta Air Lines from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, April 11th. UBS Group began coverage on Delta Air Lines in a report on Wednesday, March 20th. They set a “buy” rating and a $59.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Delta Air Lines from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Delta Air Lines presently has an average rating of “Buy” and an average target price of $58.29.

Insider Buying and Selling

In other Delta Air Lines news, CEO Edward H. Bastian sold 71,840 shares of Delta Air Lines stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $39.20, for a total value of $2,816,128.00. Following the completion of the transaction, the chief executive officer now directly owns 428,768 shares of the company’s stock, valued at approximately $16,807,705.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is currently owned by company insiders.

Delta Air Lines Stock Performance

Shares of NYSE DAL opened at $47.85 on Friday. Delta Air Lines, Inc. has a one year low of $30.60 and a one year high of $49.81. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.41 and a quick ratio of 0.36. The firm has a market cap of $30.88 billion, a price-to-earnings ratio of 6.15, a P/E/G ratio of 0.69 and a beta of 1.43. The stock’s fifty day moving average price is $44.02 and its two-hundred day moving average price is $39.64.

Delta Air Lines (NYSE:DAL) last released its quarterly earnings results on Thursday, April 11th. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. The business had revenue of $13.75 billion for the quarter, compared to the consensus estimate of $12.51 billion. Delta Air Lines had a net margin of 8.48% and a return on equity of 41.89%. Delta Air Lines’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 earnings per share. On average, equities analysts forecast that Delta Air Lines, Inc. will post 6.52 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, February 26th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, February 23rd. Delta Air Lines’s dividend payout ratio (DPR) is currently 5.14%.

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.