Alaska Air Group SVP Sells $434,852 in Stock (ALK)
Alaska Air Group (NYSE:ALK) SVP Joseph A. Sprague unloaded 4,400 shares of Alaska Air Group stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $98.83, for a total value of $434,852.00. Following the sale, the senior vice president now directly owns 9,322 shares in the company, valued at approximately $921,293. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus downgraded shares of Alaska Air Group from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. They now have a $95.00 price target on the stock, down previously from $100.00. They noted that the move was a valuation call. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Alaska Air Group from $111.00 to $113.50 in a research note on Tuesday, May 27th. They now have an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Alaska Air Group in a research note on Thursday, May 1st. They now have a $111.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $99.74.
Shares of Alaska Air Group (NYSE:ALK) traded down 0.36% on Tuesday, hitting $98.65. The stock had a trading volume of 225,265 shares. Alaska Air Group has a 52-week low of $50.31 and a 52-week high of $100.98. The stock has a 50-day moving average of $96.48 and a 200-day moving average of $85.53. The company has a market cap of $6.779 billion and a price-to-earnings ratio of 12.34.
Alaska Air Group (NYSE:ALK) last issued its quarterly earnings data on Friday, April 25th. The company reported $1.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.24 by $0.04. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company posted $0.62 earnings per share. Alaska Air Group’s revenue was up 7.9% compared to the same quarter last year. Analysts expect that Alaska Air Group will post $7.10 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 10th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Wednesday, May 21st.
Alaska Air Group, Inc is a holding company of Alaska Airlines, Inc (NYSE:ALK) and Horizon Air Industries, Inc (Horizon), which together with its partner regional airlines, serve 95 cities through an expansive network in Alaska, the Lower 48, Hawaii, Canada and Mexico.
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