Nuveen Asset Management LLC Acquires 79,027 Shares of Delta Air Lines, Inc. (NYSE:DAL)

Nuveen Asset Management LLC raised its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,854,438 shares of the transportation company’s stock after buying an additional 79,027 shares during the period. Nuveen Asset Management LLC’s holdings in Delta Air Lines were worth $233,194,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. New Wave Wealth Advisors LLC purchased a new stake in shares of Delta Air Lines in the 4th quarter worth approximately $27,000. Hemington Wealth Management increased its position in Delta Air Lines by 48.1% during the 4th quarter. Hemington Wealth Management now owns 474 shares of the transportation company’s stock valued at $28,000 after buying an additional 154 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of Delta Air Lines in the 4th quarter valued at approximately $29,000. Crews Bank & Trust acquired a new stake in shares of Delta Air Lines during the fourth quarter worth $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in Delta Air Lines by 414.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 431 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Susquehanna decreased their target price on shares of Delta Air Lines from $80.00 to $50.00 and set a “positive” rating for the company in a research report on Monday, April 7th. Jefferies Financial Group reiterated a “hold” rating and issued a $46.00 target price (down previously from $85.00) on shares of Delta Air Lines in a research report on Tuesday, April 1st. Dbs Bank lowered Delta Air Lines from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Citigroup reduced their price objective on Delta Air Lines from $80.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Finally, TD Cowen lifted their target price on shares of Delta Air Lines from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, April 10th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.42.

Delta Air Lines Price Performance

Delta Air Lines stock opened at $50.29 on Friday. Delta Air Lines, Inc. has a 52-week low of $34.74 and a 52-week high of $69.98. The company’s 50 day moving average is $43.86 and its two-hundred day moving average is $56.28. The company has a quick ratio of 0.32, a current ratio of 0.37 and a debt-to-equity ratio of 0.92. The firm has a market cap of $32.84 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). The firm had revenue of $12.98 billion during the quarter, compared to analysts’ expectations of $13.85 billion. Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. Delta Air Lines’s dividend payout ratio is presently 10.64%.

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.