On October 16, 2024, Peter Carter, Executive Vice President - External Affairs of Delta Air Lines Inc (DAL, Financial), sold 18,100 shares of the company. The transaction was executed at a price of $55.78 per share, as detailed in the SEC Filing. Following this transaction, the insider now owns 125,228 shares of Delta Air Lines Inc.
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 52 countries on six continents.
Over the past year, the insider has sold a total of 68,100 shares and has not made any purchases. This recent sale is part of a broader trend observed at Delta Air Lines Inc, where there have been 13 insider sells and 4 insider buys over the past year.
Shares of Delta Air Lines Inc were trading at $55.78 on the day of the sale, giving the company a market cap of approximately $36.01 billion. The price-earnings ratio of the stock stands at 7.75, which is lower than the industry median of 14.32 and also below the company's historical median.
According to the GF Value, which is an intrinsic value estimate from GuruFocus, Delta Air Lines Inc has a GF Value of $46.52. With the current price of $55.78, the stock has a price-to-GF-Value ratio of 1.2, indicating that it is Modestly Overvalued.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and estimated future business outcomes.
This insider sale might be of interest to investors tracking insider behaviors as an indicator of the company's future performance and valuation perspectives.
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.
