Delta Air Lines, Inc. (NYSE:DAL) Shares Bought by Boothbay Fund Management LLC

Boothbay Fund Management LLC lifted its position in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 495.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 197,232 shares of the transportation company's stock after purchasing an additional 164,129 shares during the period. Boothbay Fund Management LLC's holdings in Delta Air Lines were worth $11,933,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. New Wave Wealth Advisors LLC purchased a new position in shares of Delta Air Lines in the 4th quarter valued at about $27,000. Roxbury Financial LLC purchased a new position in Delta Air Lines in the fourth quarter valued at approximately $29,000. Hemington Wealth Management raised its holdings in Delta Air Lines by 48.1% during the fourth 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 fourth quarter worth approximately $30,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Delta Air Lines by 414.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 535 shares of the transportation company's stock worth $32,000 after buying an additional 431 shares during the last quarter. Hedge funds and other institutional investors own 69.93% of the company's stock.

Delta Air Lines Stock Down 0.9 %

Shares of Delta Air Lines stock opened at $41.64 on Friday. The company has a market cap of $27.19 billion, a P/E ratio of 7.81, a PEG ratio of 0.75 and a beta of 1.23. The firm has a fifty day moving average of $47.30 and a two-hundred day moving average of $57.01. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.32 and a current ratio of 0.37. Delta Air Lines, Inc. has a one year low of $34.74 and a one year high of $69.98.

Delta Air Lines (NYSE:DAL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 earnings per share (EPS) 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 analysts' expectations of $13.85 billion. During the same period in the prior year, the company earned $0.45 earnings per share. The company's revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts forecast that Delta Air Lines, Inc. will post 7.63 earnings per share for the current year.

Delta Air Lines Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently weighed in on DAL. UBS Group cut shares of Delta Air Lines from a "buy" rating to a "neutral" rating and reduced their price target for the company from $77.00 to $42.00 in a research report on Monday, April 7th. TD Cowen boosted their target price on Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, April 10th. Susquehanna decreased their target price 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. Raymond James cut their price target on Delta Air Lines from $80.00 to $62.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 2nd. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $46.00 price objective (down from $85.00) on shares of Delta Air Lines in a report on Tuesday, April 1st. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Delta Air Lines presently has a consensus rating of "Moderate Buy" and a consensus price target of $61.06.

Insider Buying and Selling at Delta Air Lines

In related news, EVP Rahul D. Samant sold 38,023 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $64.89, for a total value 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. This trade represents a 41.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP William C. Carroll sold 6,783 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.94, for a total transaction of $447,271.02. Following the transaction, the senior vice president now owns 10,016 shares in the company, valued at $660,455.04. The trade was a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,776 shares of company stock valued at $4,155,951. 0.96% of the stock is owned by company insiders.

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.

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