Voya Investment Management LLC Has $21.11 Million Stock Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Voya Investment Management LLC decreased its position in Delta Air Lines, Inc. (NYSE:DAL) by 11.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 348,928 shares of the transportation company’s stock after selling 45,458 shares during the period. Voya Investment Management LLC’s holdings in Delta Air Lines were worth $21,110,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DAL. Boston Partners acquired a new position in Delta Air Lines in the fourth quarter valued at about $328,398,000. Norges Bank bought a new stake in Delta Air Lines during the 4th quarter worth approximately $152,342,000. Adage Capital Partners GP L.L.C. raised its holdings in Delta Air Lines by 405.3% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 3,054,285 shares of the transportation company’s stock worth $184,784,000 after buying an additional 2,449,874 shares during the period. FMR LLC lifted its stake in Delta Air Lines by 29.3% in the fourth quarter. FMR LLC now owns 9,955,818 shares of the transportation company’s stock valued at $602,327,000 after buying an additional 2,254,560 shares in the last quarter. Finally, Sanders Capital LLC boosted its holdings in shares of Delta Air Lines by 6.9% in the fourth quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company’s stock valued at $1,800,754,000 after buying an additional 1,922,932 shares during the period. Institutional investors own 69.93% of the company’s stock.

Delta Air Lines Stock Performance

NYSE DAL opened at $41.64 on Friday. The firm has a market capitalization of $27.19 billion, a P/E ratio of 7.81, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. The firm’s fifty day moving average price is $47.30 and its two-hundred day moving average price is $57.05. Delta Air Lines, Inc. has a 1 year low of $34.74 and a 1 year high of $69.98.

Delta Air Lines (NYSE:DAL) last issued its 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). Delta Air Lines had a net margin of 5.61% and a return on equity of 30.41%. The firm had revenue of $12.98 billion during the quarter, compared to the consensus estimate of $13.85 billion. During the same period in the previous year, the company posted $0.45 earnings per share. The firm’s revenue for the quarter was down 5.6% 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 year.

Delta Air Lines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Tuesday, May 13th. Delta Air Lines’s payout ratio is presently 10.64%.

Insider Activity at Delta Air Lines

In other news, EVP Rahul D. Samant sold 38,023 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $64.89, for a total transaction of $2,467,312.47. Following the completion of the sale, the executive vice president now owns 52,789 shares in the company, valued at $3,425,478.21. The trade was a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP William C. Carroll sold 6,783 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.94, for a total value of $447,271.02. Following the transaction, the senior vice president now owns 10,016 shares in the company, valued at approximately $660,455.04. This trade represents a 40.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 62,776 shares of company stock worth $4,155,951. Company insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

DAL has been the topic of a number of research analyst reports. Barclays dropped their price objective on shares of Delta Air Lines from $80.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. UBS Group lowered Delta Air Lines from a “buy” rating to a “neutral” rating and cut their price target for the company from $77.00 to $42.00 in a report on Monday, April 7th. Susquehanna reduced their price objective on 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 restated a “hold” rating and issued a $46.00 target price (down previously from $85.00) on shares of Delta Air Lines in a research note on Tuesday, April 1st. Finally, Raymond James reduced their price target on 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. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines currently has an average rating of “Moderate Buy” and a consensus price target of $61.06.

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.