On October 17, 2024, Alain Bellemare, EVP & President - International of Delta Air Lines Inc (DAL, Financial), executed a sale of 19,490 shares of the company. Following this transaction, the insider now directly owns 121,961 shares in the company, as detailed in the SEC Filing.
Delta Air Lines Inc, a major American airline, operates over 5,400 flights daily and serves an extensive domestic and international network that includes over 325 destinations in more than 60 countries and on six continents.
Over the past year, Alain Bellemare has sold a total of 43,563 shares of Delta Air Lines Inc and has not purchased any shares. This recent transaction reflects a continuation of the insider's selling trend.
The insider transaction history for Delta Air Lines Inc shows a pattern of more insider sales than buys over the past year, with 13 insider sales and 4 insider buys.
Shares of Delta Air Lines Inc were trading at $55.26 on the day of the transaction. The company has a market cap of approximately $36.01 billion. The price-earnings ratio of the stock is 7.75, which is lower than both the industry median of 14.32 and the company's historical median.
According to the GF Value, the intrinsic value estimate for Delta Air Lines Inc is $46.52 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.19.
This valuation is based on historical trading multiples, an adjustment factor from GuruFocus based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
The ongoing insider selling trend and the current valuation metrics provide important context for potential investors and current shareholders in assessing the stock's market position and future expectations.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
