On February 1, 2024, CEO Edward Bastian executed a sale of 71,840 shares of Delta Air Lines Inc (DAL, Financial). The transaction was filed with the SEC and can be viewed through the SEC Filing. This sale is part of a series of insider transactions that have occurred over the past year at Delta Air Lines Inc.
Delta Air Lines Inc, with a market cap of $25.726 billion, is a major American airline company. The company provides scheduled air transportation for passengers and cargo throughout the United States and across the world. Delta Air Lines is known for its extensive domestic and international network, operating over 5,400 flights daily and serving an extensive network of domestic and international destinations.
Over the past year, the insider, Edward Bastian, has sold a total of 71,840 shares and has not made any purchases of the company's stock. The insider's recent sale on February 1, 2024, is part of a broader pattern of insider transactions at Delta Air Lines Inc.
Insider Trends
The insider transaction history for Delta Air Lines Inc shows a trend of more insider sales than purchases over the past year. There have been 5 insider buys and 10 insider sells during this period.
Valuation
On the day of the insider's recent sale, shares of Delta Air Lines Inc were trading at $39.2. The company's price-earnings ratio stands at 5.59, which is lower than the industry median of 13.46 and also below the company's historical median price-earnings ratio.
With the current share price and a GuruFocus Value of $51.05, Delta Air Lines Inc has a price-to-GF-Value ratio of 0.77, indicating that the stock is Modestly Undervalued according to its GF Value.
The GF Value is determined by considering historical trading multiples such as 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 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.
