On October 31, 2024, Glen Hauenstein, President of Delta Air Lines Inc (DAL, Financial), executed a sale of 75,000 shares of the company. According to the SEC Filing, the transaction occurred at an average price of $58.3 per share, totaling approximately $4,372,500. Following this transaction, the insider now owns 142,584 shares of the company.
Delta Air Lines Inc (DAL, Financial) operates as one of the major American airlines. The company's business includes domestic and international passenger flights, as well as cargo transport. Delta is known for its extensive network of flights, which includes a significant presence in both the United States and international markets.
Over the past year, the insider has sold a total of 175,000 shares and has not made any purchases. This recent sale is part of a broader trend observed within the company, where insider transactions have predominantly been sales. In the past year, there have been 15 insider sales and only 2 insider buys.
The shares of Delta Air Lines Inc were trading at $58.3 on the day of the sale. The company's market cap is approximately $37.68 billion. The price-earnings ratio stands at 8.11, which is lower than both the industry median of 14.295 and the company’s historical median.
According to the GF Value, the intrinsic value of Delta Air Lines Inc is estimated at $46.04 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.27.
This valuation assessment is based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by GuruFocus factors considering past returns and growth, and future business performance estimates from Morningstar analysts.
The insider's recent transaction could be of interest to current and potential investors, providing insights into insider confidence and valuation perspectives at Delta Air Lines Inc.
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.
