Toronto Dominion Bank lessened its stake in American Airlines Group, Inc. (NASDAQ:AAL) by 6.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 151,308 shares of the airline’s stock after selling 11,055 shares during the quarter. Toronto Dominion Bank’s holdings in American Airlines Group were worth $7,185,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Koch Industries Inc. acquired a new position in shares of American Airlines Group in the 2nd quarter valued at $265,000. Daiwa Securities Group Inc. raised its stake in shares of American Airlines Group by 215.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 31,428 shares of the airline’s stock valued at $1,493,000 after acquiring an additional 21,478 shares during the period. Virtu KCG Holdings LLC purchased a new position in shares of American Airlines Group in the 2nd quarter valued at $322,000. State of Tennessee Treasury Department raised its stake in shares of American Airlines Group by 33.5% in the 2nd quarter. State of Tennessee Treasury Department now owns 183,936 shares of the airline’s stock valued at $9,256,000 after acquiring an additional 46,114 shares during the period. Finally, Allen Investment Management LLC raised its stake in shares of American Airlines Group by 65.3% in the 2nd quarter. Allen Investment Management LLC now owns 37,455 shares of the airline’s stock valued at $1,885,000 after acquiring an additional 14,797 shares during the period. Institutional investors own 83.51% of the company’s stock.
In other news, 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 transaction, the director now directly owns 29,938 shares of the company’s stock, valued at approximately $1,399,900.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.64% of the company’s stock.
American Airlines Group, Inc. (AAL) opened at $47.39 on Friday. The firm has a market cap of $22,810.00, a price-to-earnings ratio of 9.41 and a beta of 0.97. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63. American Airlines Group, Inc. has a fifty-two week low of $39.21 and a fifty-two week high of $54.48.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.02. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The company had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.88 billion. During the same period last year, the business earned $2.80 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. sell-side analysts predict that American Airlines Group, Inc. will post 4.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, November 10th. American Airlines Group’s dividend payout ratio (DPR) is presently 10.18%.
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A number of equities analysts have recently commented on AAL shares. Cowen and Company raised their target price on shares of American Airlines Group from $55.00 to $56.00 and gave the company an “outperform” rating in a research note on Tuesday, October 10th. J P Morgan Chase & Co raised shares of American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 target price on the stock in a research note on Wednesday, November 1st. Buckingham Research reissued a “buy” rating on shares of American Airlines Group in a research note on Friday, October 27th. Imperial Capital reissued an “in-line” rating and issued a $49.00 target price (up previously from $43.00) on shares of American Airlines Group in a research note on Sunday, July 23rd. Finally, Citigroup Inc. reissued a “buy” rating on shares of American Airlines Group in a research note on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $58.47.
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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