Dupont Capital Management Corp Lowers Position in American Airlines Group Inc (AAL)
Dupont Capital Management Corp decreased its position in American Airlines Group Inc (NASDAQ:AAL) by 7.4% in the third quarter, HoldingsChannel.com reports. The firm owned 125,160 shares of the airline’s stock after selling 10,000 shares during the period. Dupont Capital Management Corp’s holdings in American Airlines Group were worth $5,173,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Boston Partners raised its stake in American Airlines Group by 2.6% in the second quarter. Boston Partners now owns 1,687,054 shares of the airline’s stock worth $64,041,000 after buying an additional 42,289 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in American Airlines Group by 10.4% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 86,287 shares of the airline’s stock worth $3,275,000 after buying an additional 8,100 shares in the last quarter. Foundry Partners LLC raised its stake in American Airlines Group by 2.6% in the second quarter. Foundry Partners LLC now owns 202,145 shares of the airline’s stock worth $7,673,000 after buying an additional 5,075 shares in the last quarter. Principal Financial Group Inc. raised its stake in American Airlines Group by 0.3% in the first quarter. Principal Financial Group Inc. now owns 634,326 shares of the airline’s stock worth $32,960,000 after buying an additional 1,648 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in American Airlines Group by 3.6% in the third quarter. State of Alaska Department of Revenue now owns 62,536 shares of the airline’s stock worth $2,583,000 after buying an additional 2,175 shares in the last quarter. Hedge funds and other institutional investors own 82.41% of the company’s stock.
A number of brokerages recently commented on AAL. BidaskClub raised shares of American Airlines Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 20th. ValuEngine raised shares of American Airlines Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Imperial Capital boosted their price objective on shares of American Airlines Group from $52.00 to $56.00 and gave the stock an “outperform” rating in a research note on Thursday, September 27th. Zacks Investment Research raised shares of American Airlines Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 11th. Finally, Macquarie raised shares of American Airlines Group from a “neutral” rating to an “outperform” rating and set a $47.00 price objective for the company in a research note on Monday, July 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. American Airlines Group presently has an average rating of “Buy” and a consensus price target of $50.71.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 25th. The airline reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.01. The business had revenue of $11.56 billion for the quarter, compared to the consensus estimate of $11.55 billion. American Airlines Group had a return on equity of 568.86% and a net margin of 3.06%. Equities research analysts anticipate that American Airlines Group Inc will post 4.51 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 6th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Monday, November 5th. American Airlines Group’s payout ratio is presently 8.20%.
In other American Airlines Group news, Director John T. Cahill purchased 25,000 shares of American Airlines Group stock in a transaction dated Monday, October 29th. The shares were acquired at an average cost of $33.47 per share, with a total value of $836,750.00. Following the completion of the transaction, the director now owns 6,531 shares in the company, valued at approximately $218,592.57. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.70% of the company’s stock.
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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, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in 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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