William C. Carroll, Senior Vice President, Finance and Controller at Delta Air Lines, Inc. (NYSE:DAL), recently sold 6,783 shares of the company’s common stock. The shares were sold at an average price of $65.942, amounting to a total transaction value of approximately $447,284. The sale comes as Delta’s stock trades near its 52-week high of $69.98, having delivered an impressive 68% return over the past year. According to InvestingPro analysis, Delta appears slightly undervalued at current levels. Following this sale, Carroll holds 10,016 shares in the airline company. The shares were sold in two separate transactions at prices of $65.940 and $65.955, respectively. With a market capitalization of $44.2 billion and a P/E ratio of 12.8, Delta maintains its position as a prominent player in the passenger airlines industry. For deeper insights into Delta’s valuation and 10+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, United Airlines reported robust earnings and revenue for the fourth quarter, surpassing Wall Street expectations. This performance cast a positive light on the sector, leading to increased confidence in airline stocks. Meanwhile, Delta Air Lines faced operational challenges due to freezing weather, resulting in the cancellation of around 400 flights. Analysts from Citi and Bernstein offered positive outlooks for Delta Air Lines, with Citi upgrading the price target and Bernstein maintaining an Outperform rating. These assessments are based on factors such as revenue growth, favorable market trends, and strong demand in premium, international, and corporate travel sectors. However, the airline industry also faced headwinds with rising oil prices due to newly implemented tariffs, leading to a downturn in airline stocks. These recent developments highlight the dynamic nature of the airline industry and the various factors influencing its performance.
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