Delta Air Lines, Inc. (NYSE:DAL) Shares Acquired by Voya Financial Advisors Inc.

Voya Financial Advisors Inc. increased its holdings in shares of Delta Air Lines, Inc. (NYSE:DAL) by 30.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 18,906 shares of the transportation company’s stock after buying an additional 4,438 shares during the period. Voya Financial Advisors Inc.’s holdings in Delta Air Lines were worth $767,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Luxor Capital Group LP bought a new position in Delta Air Lines in the 4th quarter worth about $4,773,000. Fagan Associates Inc. bought a new position in Delta Air Lines in the 4th quarter worth about $2,710,000. U S Global Investors Inc. grew its position in Delta Air Lines by 30.9% in the 4th quarter. U S Global Investors Inc. now owns 7,133,481 shares of the transportation company’s stock worth $286,837,000 after purchasing an additional 1,682,597 shares during the last quarter. Renaissance Technologies LLC bought a new position in Delta Air Lines in the 4th quarter worth about $40,178,000. Finally, Kwmg LLC grew its position in Delta Air Lines by 0.4% in the 4th quarter. Kwmg LLC now owns 88,188 shares of the transportation company’s stock worth $3,546,000 after purchasing an additional 382 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

DAL stock opened at $50.20 on Thursday. Delta Air Lines, Inc. has a 12 month low of $17.51 and a 12 month high of $52.28. The firm has a market cap of $32.03 billion, a PE ratio of -2.57 and a beta of 1.45. The firm has a 50 day simple moving average of $47.95 and a 200 day simple moving average of $39.91. The company has a debt-to-equity ratio of 8.88, a current ratio of 1.27 and a quick ratio of 1.23.

Delta Air Lines (NYSE:DAL) last issued its quarterly earnings results on Wednesday, January 13th. The transportation company reported ($2.53) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.50) by ($0.03). The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Delta Air Lines had a negative net margin of 42.88% and a negative return on equity of 39.69%. The firm’s revenue was down 65.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.70 EPS. As a group, sell-side analysts expect that Delta Air Lines, Inc. will post -0.58 earnings per share for the current year.

Several research firms have recently issued reports on DAL. Morgan Stanley increased their price objective on shares of Delta Air Lines from $55.00 to $72.00 and gave the company an “overweight” rating in a report on Tuesday. Susquehanna Bancshares cut shares of Delta Air Lines from a “positive” rating to a “neutral” rating and increased their price objective for the company from $42.00 to $45.00 in a report on Thursday, January 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Monday, March 1st. Vertical Research upgraded shares of Delta Air Lines from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Friday, January 15th. Finally, Cowen cut shares of Delta Air Lines from an “outperform” rating to a “market perform” rating and set a $44.00 price objective for the company. in a report on Monday, January 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. Delta Air Lines presently has a consensus rating of “Hold” and a consensus target price of $46.65.

In related news, President Glen W. Hauenstein sold 60,586 shares of the company’s stock in a transaction that occurred on Friday, February 12th. The shares were sold at an average price of $43.46, for a total value of $2,633,067.56. 0.63% of the stock is currently owned by corporate insiders.

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, London-Heathrow, Mexico City, Paris-Charles de Gaulle, and Seoul-Incheon.

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Institutional Ownership by Quarter for Delta Air Lines (NYSE:DAL)

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