American Airlines Group, Inc. (NASDAQ:AAL) Director Ray M. Robinson sold 3,476 shares of American Airlines Group stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $46.76, for a total value of $162,537.76. Following the completion of the sale, the director now owns 29,938 shares of the company’s stock, valued at approximately $1,399,900.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
American Airlines Group, Inc. (NASDAQ AAL) opened at 46.00 on Friday. American Airlines Group, Inc. has a 52-week low of $33.90 and a 52-week high of $54.48. The firm has a market capitalization of $22.40 billion, a price-to-earnings ratio of 11.42 and a beta of 0.98. The company’s 50-day moving average price is $46.92 and its 200 day moving average price is $46.75.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Friday, July 28th. The airline reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.05. The business had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.08 billion. American Airlines Group had a return on equity of 83.58% and a net margin of 5.02%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.77 EPS. Equities research analysts predict that American Airlines Group, Inc. will post $4.86 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Monday, August 14th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, August 10th. American Airlines Group’s dividend payout ratio is 9.88%.
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Several analysts have commented on AAL shares. Morgan Stanley lowered their price target on American Airlines Group from $52.00 to $51.00 and set an “equal weight” rating for the company in a report on Friday, September 1st. ValuEngine upgraded American Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Bank of America Corporation lifted their price target on American Airlines Group from $40.00 to $42.00 and gave the company an “underperform” rating in a report on Friday, June 30th. Zacks Investment Research cut American Airlines Group from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, Citigroup Inc. lifted their price target on American Airlines Group from $58.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $56.78.
Several hedge funds and other institutional investors have recently modified their holdings of AAL. Russell Investments Group Ltd. increased its holdings in shares of American Airlines Group by 6.5% during the 1st quarter. Russell Investments Group Ltd. now owns 121,487 shares of the airline’s stock valued at $5,139,000 after acquiring an additional 7,451 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of American Airlines Group by 13.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 14,361 shares of the airline’s stock valued at $607,000 after acquiring an additional 1,715 shares during the last quarter. Swiss National Bank increased its holdings in shares of American Airlines Group by 21.2% during the 1st quarter. Swiss National Bank now owns 459,100 shares of the airline’s stock valued at $19,420,000 after acquiring an additional 80,400 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of American Airlines Group by 6.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 421,192 shares of the airline’s stock valued at $17,816,000 after acquiring an additional 25,738 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of American Airlines Group during the 1st quarter valued at about $4,733,000. 81.53% of the stock is currently owned by institutional investors and hedge funds.
American Airlines Group Company Profile
American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.
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