Voya Investment Management LLC Sells 93,913 Shares of Delta Air Lines, Inc. $DAL

Voya Investment Management LLC reduced its position in Delta Air Lines, Inc. (NYSE:DAL) by 32.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 198,180 shares of the transportation company’s stock after selling 93,913 shares during the period. Voya Investment Management LLC’s holdings in Delta Air Lines were worth $11,247,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DAL. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Delta Air Lines during the 2nd quarter valued at $386,364,000. AQR Capital Management LLC increased its holdings in shares of Delta Air Lines by 149.9% during the first quarter. AQR Capital Management LLC now owns 5,963,882 shares of the transportation company’s stock valued at $246,487,000 after acquiring an additional 3,577,489 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Delta Air Lines by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 74,572,577 shares of the transportation company’s stock valued at $3,667,479,000 after purchasing an additional 1,648,071 shares during the last quarter. Southpoint Capital Advisors LP purchased a new stake in Delta Air Lines during the 1st quarter worth approximately $47,960,000. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Delta Air Lines by 39.8% in the second quarter. Thrivent Financial for Lutherans now owns 2,407,585 shares of the transportation company’s stock worth $118,409,000 after buying an additional 685,312 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors and hedge funds.

Delta Air Lines Price Performance

NYSE:DAL opened at $72.06 on Tuesday. The stock has a market capitalization of $47.05 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37. Delta Air Lines, Inc. has a 52 week low of $34.74 and a 52 week high of $72.34. The stock’s 50-day moving average price is $62.50 and its 200-day moving average price is $58.04. The company has a quick ratio of 0.34, a current ratio of 0.40 and a debt-to-equity ratio of 0.68.

Delta Air Lines (NYSE:DAL) last announced its earnings results on Tuesday, March 15th. The transportation company reported $0.22 earnings per share for the quarter. Delta Air Lines had a return on equity of 23.83% and a net margin of 7.36%.The business had revenue of $8.40 billion during the quarter. As a group, equities analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 16th were paid a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, October 16th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.0%. Delta Air Lines’s payout ratio is currently 10.56%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DAL shares. Evercore ISI boosted their price objective on shares of Delta Air Lines from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Citigroup initiated coverage on shares of Delta Air Lines in a report on Thursday, December 4th. They issued a “buy” rating and a $77.00 price target on the stock. Susquehanna lifted their price objective on shares of Delta Air Lines from $68.00 to $70.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Dbs Bank raised shares of Delta Air Lines from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Delta Air Lines in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company. According to MarketBeat, Delta Air Lines currently has a consensus rating of “Buy” and an average price target of $75.07.

Insider Activity

In related news, EVP John E. Laughter sold 23,323 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $62.33, for a total value of $1,453,722.59. Following the transaction, the executive vice president directly owned 81,109 shares of the company’s stock, valued at approximately $5,055,523.97. This trade represents a 22.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP William C. Carroll sold 14,010 shares of Delta Air Lines stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $61.25, for a total value of $858,112.50. Following the completion of the sale, the senior vice president owned 15,816 shares in the company, valued at approximately $968,730. The trade was a 46.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.96% of the stock is owned by corporate insiders.

Delta Air Lines Profile

Delta Air Lines is a major U.S.-based global airline that provides scheduled passenger and cargo air transportation, aircraft maintenance and repair services, and related travel products. Its operations include mainline domestic and international passenger services, a branded regional network operating under the Delta Connection name, dedicated air cargo carriage, and in-house maintenance, repair and overhaul through Delta TechOps. Delta offers a range of cabin products for different customer segments, including premium business-class service on long-haul routes and tiered economy offerings on domestic and international flights, and it markets customer loyalty benefits through the SkyMiles frequent-flyer program.

The carrier operates a mixed fleet of narrow- and wide-body aircraft from multiple U.S.