Toronto Dominion Bank lessened its holdings in shares of American Airlines Group Inc (NASDAQ:AAL) by 8.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 205,010 shares of the airline’s stock after selling 19,193 shares during the period. Toronto Dominion Bank’s holdings in American Airlines Group were worth $6,684,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. First Allied Advisory Services Inc. boosted its position in shares of American Airlines Group by 4.3% during the 1st quarter. First Allied Advisory Services Inc. now owns 12,582 shares of the airline’s stock worth $404,000 after acquiring an additional 522 shares in the last quarter. Janus Henderson Group PLC increased its stake in American Airlines Group by 7.7% in the second quarter. Janus Henderson Group PLC now owns 27,590 shares of the airline’s stock valued at $900,000 after purchasing an additional 1,975 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in American Airlines Group by 27.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 23,341 shares of the airline’s stock valued at $741,000 after purchasing an additional 4,984 shares in the last quarter. Comerica Bank increased its stake in American Airlines Group by 2.4% in the second quarter. Comerica Bank now owns 81,183 shares of the airline’s stock valued at $2,700,000 after purchasing an additional 1,939 shares in the last quarter. Finally, GAM Holding AG acquired a new position in shares of American Airlines Group during the first quarter valued at about $202,000. Hedge funds and other institutional investors own 79.07% of the company’s stock.
In related news, President Robert D. Isom, Jr. purchased 2,500 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was acquired at an average price of $26.34 per share, with a total value of $65,850.00. Following the purchase, the president now directly owns 771,271 shares in the company, valued at $20,315,278.14. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ray M. Robinson sold 6,930 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $29.11, for a total transaction of $201,732.30. Following the completion of the transaction, the director now directly owns 29,754 shares of the company’s stock, valued at approximately $866,138.94. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.
Several research analysts recently weighed in on the stock. ValuEngine cut shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Saturday, July 27th. Citigroup set a $54.00 price objective on shares of American Airlines Group and gave the stock a “buy” rating in a research report on Friday, July 26th. BidaskClub raised shares of American Airlines Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 11th. Buckingham Research lowered their price objective on shares of American Airlines Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Finally, Barclays lowered their price objective on shares of American Airlines Group from $60.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday, May 20th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. American Airlines Group has an average rating of “Hold” and a consensus price target of $40.76.
Shares of NASDAQ AAL traded down $1.39 during midday trading on Monday, hitting $28.56. The company’s stock had a trading volume of 306,183 shares, compared to its average volume of 6,915,342. The stock has a fifty day moving average price of $27.84 and a 200 day moving average price of $31.31. American Airlines Group Inc has a one year low of $24.23 and a one year high of $43.89. The firm has a market capitalization of $13.33 billion, a price-to-earnings ratio of 6.28, a P/E/G ratio of 0.37 and a beta of 1.72.
American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, July 25th. The airline reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.05. American Airlines Group had a net margin of 3.35% and a negative return on equity of 588.10%. The company had revenue of $11.96 billion for the quarter, compared to analyst estimates of $11.98 billion. During the same quarter in the previous year, the firm posted $1.63 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, analysts expect that American Airlines Group Inc will post 4.9 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Tuesday, August 6th. American Airlines Group’s dividend payout ratio (DPR) is currently 8.79%.
American Airlines Group Company Profile
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.
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