Joanne Smith, the Executive Vice President and Chief People Officer of Delta Air Lines Inc (DAL, Financial), sold 3,431 shares of the company on October 11, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 108,990 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, Joanne Smith has sold a total of 25,573 shares of the company and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where insider transactions over the past year have included 4 insider buys and 10 insider sells.
On the day of the sale, shares of Delta Air Lines Inc were trading at $50.46, giving the company a market cap of approximately $34.03 billion. The price-earnings ratio of the stock stands at 7.32, which is lower than both the industry median of 14.22 and the company's historical median.
The stock's GF Value is calculated at $46.82, indicating that with a trading price of $50.46, Delta Air Lines Inc is modestly overvalued with a price-to-GF-Value ratio of 1.08.
The GF Value is determined by considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company’s past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation trends.
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.
