On November 1, 2024, Steven Sear, Executive Vice President - Global Sales & Distribution at Delta Air Lines Inc (DAL, Financial), sold 10,279 shares of the company. The transaction was executed at a price of $58.72 per share, as detailed in the SEC Filing. Following this transaction, the insider now owns 78,459 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, Steven Sear has engaged in multiple transactions involving the company's stock, selling a total of 26,085 shares and purchasing none. This recent sale is part of a broader trend observed within the company, where insider activity has predominantly leaned towards selling. In the past year, there have been 16 insider sells and only 2 insider buys at Delta Air Lines Inc.
The stock of Delta Air Lines Inc was trading at $58.72 on the day of the sale, giving the company a market cap of approximately $36.71 billion. This valuation places the company's price-earnings ratio at 7.90, which is below both the industry median of 14.1 and the company’s historical median.
According to the GF Value, the intrinsic value estimate for Delta Air Lines Inc is $45.98 per share, making the stock modestly overvalued with a price-to-GF-Value ratio of 1.28.
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 expected future business outcomes.
This insider sale might interest investors tracking insider behaviors as an indicator of the company’s future performance and valuation adjustments.
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.
