Nuveen Asset Management LLC Has $233.19 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Nuveen Asset Management LLC raised its position in Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,854,438 shares of the transportation company's stock after purchasing an additional 79,027 shares during the period. Nuveen Asset Management LLC owned approximately 0.60% of Delta Air Lines worth $233,194,000 as of its most recent filing with the SEC.

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

Delta Air Lines Price Performance

NYSE:DAL traded up $0.23 during trading hours on Monday, reaching $51.15. 8,089,070 shares of the company were exchanged, compared to its average volume of 9,516,898. The business has a 50 day moving average of $43.94 and a 200 day moving average of $56.22. Delta Air Lines, Inc. has a 1-year low of $34.74 and a 1-year high of $69.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.37 and a quick ratio of 0.32. The company has a market capitalization of $33.40 billion, a P/E ratio of 9.60, a P/E/G ratio of 0.75 and a beta of 1.46.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The transportation company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.38). Delta Air Lines had a return on equity of 30.41% and a net margin of 5.61%. The firm had revenue of $12.98 billion for the quarter, compared to the consensus estimate of $13.85 billion. During the same period in the prior year, the company earned $0.45 EPS. The company's revenue for the quarter was down 5.6% compared to the same quarter last year. Research analysts forecast that Delta Air Lines, Inc. will post 7.63 EPS for the current year.

Delta Air Lines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines's dividend payout ratio is currently 10.64%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Raymond James lowered their price objective on shares of Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 2nd. Susquehanna decreased their price target on shares of Delta Air Lines from $80.00 to $50.00 and set a "positive" rating for the company in a research note on Monday, April 7th. Sanford C. Bernstein reissued an "outperform" rating on shares of Delta Air Lines in a research report on Tuesday, May 13th. UBS Group raised shares of Delta Air Lines from a "neutral" rating to a "buy" rating and upped their price target for the stock from $46.00 to $66.00 in a research report on Monday. Finally, Citigroup lowered their price objective on shares of Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $62.08.

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.