Allspring Global Investments Holdings LLC Has $2.15 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Allspring Global Investments Holdings LLC lessened its holdings in Delta Air Lines, Inc. (NYSE:DAL) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,401 shares of the transportation company’s stock after selling 547 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Delta Air Lines were worth $2,150,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Wave Wealth Advisors LLC acquired a new stake in shares of Delta Air Lines in the 4th quarter worth about $27,000. Crews Bank & Trust purchased a new stake in Delta Air Lines in the 4th quarter valued at about $30,000. Ashton Thomas Securities LLC purchased a new stake in Delta Air Lines in the 3rd quarter valued at about $31,000. Modus Advisors LLC purchased a new stake in Delta Air Lines in the 4th quarter valued at about $33,000. Finally, Harbor Investment Advisory LLC increased its stake in Delta Air Lines by 217.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 555 shares of the transportation company’s stock valued at $34,000 after buying an additional 380 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

Delta Air Lines Stock Down 6.1 %

Shares of NYSE:DAL opened at $59.88 on Friday. Delta Air Lines, Inc. has a 52-week low of $37.29 and a 52-week high of $69.98. The firm has a fifty day moving average of $64.27 and a 200 day moving average of $56.31. The firm has a market capitalization of $38.71 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 0.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Friday, January 10th. The transportation company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.09. Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The company had revenue of $15.56 billion during the quarter, compared to analyst estimates of $14.20 billion. During the same period in the previous year, the business earned $1.28 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts anticipate that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.00%. The ex-dividend date is Thursday, February 27th. Delta Air Lines’s dividend payout ratio is presently 11.26%.

Analyst Upgrades and Downgrades

Several research firms recently commented on DAL. UBS Group reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Delta Air Lines in a report on Tuesday, November 26th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Delta Air Lines in a report on Friday, November 15th. Jefferies Financial Group raised their price objective on shares of Delta Air Lines from $58.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Susquehanna raised their price objective on shares of Delta Air Lines from $59.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Finally, Barclays raised their price objective on shares of Delta Air Lines from $60.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Delta Air Lines presently has a consensus rating of “Buy” and a consensus target price of $78.22.

Insiders Place Their Bets

In other Delta Air Lines news, SVP William C. Carroll sold 8,400 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $66.02, for a total value of $554,568.00. Following the completion of the sale, the senior vice president now directly owns 19,756 shares of the company’s stock, valued at $1,304,291.12. The trade was a 29.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Edward H. Bastian sold 91,710 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $69.85, for a total transaction of $6,405,943.50. Following the completion of the sale, the chief executive officer now directly owns 439,819 shares of the company’s stock, valued at $30,721,357.15. This represents a 17.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 162,886 shares of company stock valued at $11,116,463 over the last three months. Insiders own 0.96% of the company’s stock.

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.