On October 28, 2024, Edward Bastian, the Chief Executive Officer of Delta Air Lines Inc (DAL, Financial), executed a significant transaction by selling 68,000 shares of the company. The sale was documented in a recent SEC Filing. Following this transaction, the insider now owns 439,819 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 60 countries and on six continents.
The shares were sold at a price of $56.33 each, valuing the transaction at approximately $3,830,440. This sale is part of a broader trend observed over the past year, where the insider has sold a total of 139,840 shares. Notably, there have been no recorded purchases by the insider during this period.
The insider transaction history for Delta Air Lines Inc shows a pattern of more sales than purchases among insiders. Over the past year, there have been 2 insider buys and 13 insider sells. This trend is visualized in the following insider trend image:
Regarding the company's valuation metrics, Delta Air Lines Inc has a market cap of $37.00 billion. The stock's price-earnings ratio is 7.96, which is lower than both the industry median of 14.28 and the company’s historical median. This suggests a potentially undervalued position relative to earnings.
However, when considering the GF Value, which is a measure of intrinsic value, Delta Air Lines Inc appears modestly overvalued with a price-to-GF-Value ratio of 1.22. The GF Value of $46.32 is based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This sale by the insider might attract investor attention as they evaluate the stock's current valuation and future prospects in light of recent insider activities and the company's financial position.
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.
