First Dallas Securities Inc. decreased its holdings in American Airlines Group Inc (NASDAQ:AAL) by 9.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,551 shares of the airline’s stock after selling 4,647 shares during the quarter. American Airlines Group accounts for about 1.4% of First Dallas Securities Inc.’s portfolio, making the stock its 19th largest holding. First Dallas Securities Inc.’s holdings in American Airlines Group were worth $2,211,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the business. Johnson Financial Group Inc. bought a new position in American Airlines Group in the 4th quarter valued at about $127,000. NuWave Investment Management LLC bought a new position in American Airlines Group in the 4th quarter valued at about $145,000. Focused Wealth Management Inc bought a new position in American Airlines Group in the 4th quarter valued at about $151,000. Kings Point Capital Management bought a new position in American Airlines Group in the 4th quarter valued at about $190,000. Finally, Bray Capital Advisors bought a new position in American Airlines Group in the 1st quarter valued at about $190,000. Institutional investors and hedge funds own 81.32% of the company’s stock.
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In related news, President Robert D. Isom, Jr. sold 5,000 shares of American Airlines Group stock in a transaction that occurred on Tuesday, April 24th. The shares were sold at an average price of $46.72, for a total transaction of $233,600.00. Following the sale, the president now directly owns 675,276 shares of the company’s stock, valued at approximately $31,548,894.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.69% of the company’s stock.
Shares of American Airlines Group stock opened at $43.00 on Wednesday. The company has a market cap of $19.87 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.66 and a beta of 0.98. The company has a debt-to-equity ratio of -21.56, a quick ratio of 0.48 and a current ratio of 0.57. American Airlines Group Inc has a 1 year low of $40.65 and a 1 year high of $59.08.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, April 26th. The airline reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The company had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.41 billion. American Airlines Group had a net margin of 4.35% and a return on equity of 92.63%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 EPS. equities research analysts forecast that American Airlines Group Inc will post 5.47 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Investors of record on Tuesday, May 8th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Monday, May 7th. American Airlines Group’s dividend payout ratio (DPR) is presently 8.20%.
Several research firms have commented on AAL. BidaskClub lowered shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 1st. ValuEngine lowered shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Friday, April 27th. Imperial Capital decreased their target price on shares of American Airlines Group from $53.00 to $49.00 and set a “line” rating on the stock in a report on Friday, April 27th. Cowen reissued an “outperform” rating and issued a $55.00 target price (down from $60.00) on shares of American Airlines Group in a report on Friday, April 27th. Finally, Buckingham Research raised their target price on shares of American Airlines Group from $71.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $61.60.
American Airlines Group 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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