American Airlines Group Inc. (AAL) EVP Beverly K. Goulet Sells 5,000 Shares of Stock
American Airlines Group Inc. (NASDAQ:AAL) EVP Beverly K. Goulet sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $46.18, for a total transaction of $230,900.00. Following the transaction, the executive vice president now directly owns 238,604 shares in the company, valued at approximately $11,018,732.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of American Airlines Group Inc. (NASDAQ:AAL) remained flat at $46.34 during mid-day trading on Thursday. 5,160,176 shares of the stock were exchanged. American Airlines Group Inc. has a 12 month low of $24.85 and a 12 month high of $46.95. The firm has a market cap of $24.01 billion, a PE ratio of 4.80 and a beta of 0.88. The company’s 50-day moving average price is $41.03 and its 200 day moving average price is $35.66.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, October 20th. The airline reported $2.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $1.23. American Airlines Group had a net margin of 14.16% and a return on equity of 95.17%. The business earned $10.60 billion during the quarter, compared to analysts’ expectations of $5.43 billion. During the same period in the previous year, the company earned $2.77 earnings per share. American Airlines Group’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities research analysts anticipate that American Airlines Group Inc. will post $5.47 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Monday, November 7th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Thursday, November 3rd. American Airlines Group’s payout ratio is 4.30%.
Several hedge funds have recently modified their holdings of AAL. Van Hulzen Asset Management LLC purchased a new stake in shares of American Airlines Group during the third quarter worth $106,000. Cribstone Capital Management LLC bought a new position in shares of American Airlines Group during the second quarter worth about $108,000. Westbourne Investment Advisors Inc. bought a new position in shares of American Airlines Group during the second quarter worth about $115,000. Checchi Capital Advisers LLC raised its position in shares of American Airlines Group by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 4,145 shares of the airline’s stock worth $117,000 after buying an additional 37 shares during the period. Finally, Evercore Wealth Management LLC raised its position in shares of American Airlines Group by 60.1% in the second quarter. Evercore Wealth Management LLC now owns 4,601 shares of the airline’s stock worth $130,000 after buying an additional 1,727 shares during the period. Institutional investors and hedge funds own 75.78% of the company’s stock.
Several research firms have recently issued reports on AAL. Imperial Capital increased their price objective on shares of American Airlines Group from $43.00 to $49.00 and gave the stock an “in-line” rating in a research report on Tuesday. Vetr raised shares of American Airlines Group from a “sell” rating to a “hold” rating and set a $47.00 price objective for the company in a research report on Monday. Citigroup Inc. began coverage on shares of American Airlines Group in a research report on Friday, November 18th. They issued a “buy” rating and a $55.00 price objective for the company. TheStreet raised shares of American Airlines Group from a “hold” rating to a “buy” rating in a research report on Monday, October 31st. Finally, Wolfe Research set a $46.00 price objective on shares of American Airlines Group and gave the stock a “buy” rating in a research report on Friday, October 21st. Five analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $44.09.
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About American Airlines Group
American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).
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