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Delta Air Lines, Inc. $DAL Shares Purchased by Principal Financial Group Inc.
Principal Financial Group Inc. increased its stake in Delta Air Lines (NYSE:DAL) by 2.5% in the fourth quarter, holding 720,421 shares valued at approximately $50 million. Other hedge funds also adjusted their positions, with institutional investors now owning almost 70% of Delta’s shares. The company recently reported better-than-expected Q1 results, a raised price target from UBS to $95, and declared a quarterly dividend, despite some insider selling.