Boothbay Fund Management LLC Has $11.93 Million Holdings in Delta Air Lines, Inc. (NYSE:DAL)

Boothbay Fund Management LLC raised its stake in shares of Delta Air Lines, Inc. (NYSE:DAL - Free Report) by 495.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 197,232 shares of the transportation company's stock after purchasing an additional 164,129 shares during the quarter. Boothbay Fund Management LLC's holdings in Delta Air Lines were worth $11,933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in DAL. Vanguard Group Inc. grew its holdings in Delta Air Lines by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 72,410,242 shares of the transportation company's stock worth $4,380,820,000 after acquiring an additional 456,465 shares during the last quarter. Sanders Capital LLC lifted its holdings in Delta Air Lines by 6.9% during the 4th quarter. Sanders Capital LLC now owns 29,764,524 shares of the transportation company's stock worth $1,800,754,000 after buying an additional 1,922,932 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Delta Air Lines by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 15,912,584 shares of the transportation company's stock valued at $968,234,000 after buying an additional 410,648 shares during the period. Capital World Investors lifted its stake in shares of Delta Air Lines by 0.3% during the fourth quarter. Capital World Investors now owns 15,180,467 shares of the transportation company's stock valued at $918,419,000 after acquiring an additional 46,101 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Delta Air Lines by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,090,209 shares of the transportation company's stock worth $670,994,000 after purchasing an additional 92,208 shares during the period. Institutional investors and hedge funds own 69.93% of the company's stock.

Insider Activity at Delta Air Lines

In other news, EVP Rahul D. Samant sold 38,023 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were 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 of the company's stock, valued at approximately $3,425,478.21. This represents a 41.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP William C. Carroll sold 6,783 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were 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 of the company's stock, valued at approximately $660,455.04. This represents a 40.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 62,776 shares of company stock valued at $4,155,951 over the last quarter. 0.96% of the stock is owned by corporate insiders.

Delta Air Lines Stock Performance

Shares of NYSE:DAL traded down $0.47 during trading on Wednesday, reaching $41.61. 10,400,997 shares of the stock were exchanged, compared to its average volume of 8,447,585. The firm has a market cap of $27.17 billion, a PE ratio of 7.81, a PEG ratio of 0.75 and a beta of 1.23. The stock has a 50-day moving average price of $46.41 and a 200-day moving average price of $56.93. The company has a current ratio of 0.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.92. Delta Air Lines, Inc. has a 12 month low of $39.97 and a 12 month high of $42.44.

Delta Air Lines (NYSE:DAL - Get Free Report) last released its quarterly earnings results on Wednesday, April 9th. The transportation company reported $0.46 EPS for the quarter, missing the consensus estimate 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 business had revenue of $12.98 billion during the quarter, compared to analyst estimates of $13.85 billion. During the same quarter last year, the company posted $0.45 earnings per share. The company's revenue was down 5.6% on a year-over-year basis. Research analysts expect that Delta Air Lines, Inc. will post 7.63 EPS for the current fiscal year.

Delta Air Lines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Barclays lowered their price target on shares of Delta Air Lines from $80.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Citigroup reduced their target price on Delta Air Lines from $80.00 to $72.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. UBS Group cut shares of Delta Air Lines from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $77.00 to $42.00 in a report on Monday, April 7th. TD Cowen boosted their price target on shares of Delta Air Lines from $45.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, April 10th. Finally, Bank of America dropped their price objective on Delta Air Lines from $65.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.06.

Delta Air Lines 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.